Eversource Energy (NYSE:ES – Get Free Report) announced a quarterly dividend on Thursday, September 10th. Stockholders of record on Monday, September 21st will be paid a dividend of 0.7875 per share by the utilities provider on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, September 21st.
Eversource Energy has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Eversource Energy has a payout ratio of 63.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Eversource Energy to earn $4.95 per share next year, which means the company should continue to be able to cover its $3.15 annual dividend with an expected future payout ratio of 63.6%.
Eversource Energy Price Performance
Eversource Energy stock opened at $68.59 on Friday. The business’s 50 day simple moving average is $72.47 and its 200 day simple moving average is $71.00. Eversource Energy has a 12 month low of $62.89 and a 12 month high of $76.57. The company has a market cap of $25.84 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 2.99 and a beta of 0.69. The company has a current ratio of 0.80, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63.
Analyst Upgrades and Downgrades
ES has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on shares of Eversource Energy from $75.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, July 2nd. BMO Capital Markets reduced their target price on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Weiss Ratings upgraded Eversource Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, August 31st. Argus cut shares of Eversource Energy from a “buy” rating to a “hold” rating in a report on Friday, June 12th. Finally, Citigroup reiterated a “hold” rating and issued a $81.00 price objective on shares of Eversource Energy in a research report on Monday, July 27th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and an average target price of $72.92.
Check Out Our Latest Stock Report on ES
About Eversource Energy
Eversource Energy is a public utility holding company that delivers electricity and natural gas to residential, commercial and industrial customers in the northeastern United States. Through its regulated utility subsidiaries, the company operates electric distribution systems, natural gas distribution networks and electric transmission infrastructure.
Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire. Its operations include maintaining utility infrastructure, connecting customers to energy services, managing power delivery and investing in projects designed to support system reliability and the transition to cleaner energy.
The company traces its history to Northeast Utilities, which adopted the Eversource Energy name in 2015.
Further Reading
- Five stocks we like better than Eversource Energy
- MarketBeat Week in Review – 09/07 – 09/11
- Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
- Kroger’s Textbook Entry for Buy-and-Hold Investors
- AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window
Receive News & Ratings for Eversource Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eversource Energy and related companies with MarketBeat.com's FREE daily email newsletter.
