Eversource Energy (ES)
| Market Cap | 21.56B |
| Revenue (ttm) | 12.25B |
| Net Income (ttm) | 1.17B |
| Shares Out | 349.33M |
| EPS (ttm) | 3.34 |
| PE Ratio | 18.48 |
| Forward PE | 13.52 |
| Dividend | $2.70 (4.38%) |
| Ex-Dividend Date | Dec 15, 2023 |
| Volume | 1,481,963 |
| Open | 61.54 |
| Previous Close | 61.96 |
| Day's Range | 61.14 - 61.86 |
| 52-Week Range | 52.03 - 86.84 |
| Beta | 0.58 |
| Analysts | Hold |
| Price Target | 68.17 (+10.45%) |
| Earnings Date | Feb 12, 2024 |
About ES
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas. The company operates regulated water utilities that provide water services to approximately 237,000 customers. It serves residential, commercial, industrial, municipal and fire protection, and othe... [Read more]
Financial Performance
In 2022, ES's revenue was $12.29 billion, an increase of 24.60% compared to the previous year's $9.86 billion. Earnings were $1.40 billion, an increase of 15.10%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for ES stock is "Hold." The 12-month stock price forecast is $68.17, which is an increase of 10.45% from the latest price.
News
Eversource Recognized as a “5 Year Champion” of Corporate Responsibility by Newsweek
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource Energy is again among top utilities on Newsweek's 2024 list of "Most Responsible Companies," appearing every year since it was introduced.
Eversource Energy Declares Common Dividend
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--An Eversource Energy quarterly dividend of $0.675 per share was approved, payable on Dec. 29, 2023, to shareholders of record as of Dec. 18, 2023.
Why this Dow stock went from worst in 2022 to first in 2023 — and 13 turnaround candidates for 2024
Stocks' yearly performance rankings are a field day for contrarians: One year's worst often are the subsequent year's best, and vice versa.
Eversource Energy Reports Third Quarter Results
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource Energy reports third quarter earnings of $339.7 million, or $0.97 per share, for the third quarter of 2023.
Dependable dividends: Why utility stocks are on fire
Exactly what you'd think: utilities stocks, which are tried-and-true dividend payers, are trending higher. The Utilities Select Sector SPDR Fund NYSEARCA: XLU is up 4.72% in the past week.
Mantis Innovation is Recognized as a 2023 Eversource Energy Excellence Award Winner
HOUSTON--(BUSINESS WIRE)--In recognition of business partners and their leadership on some of the most innovative projects focused on energy efficiency and electric vehicles (EV) infrastructure, Evers...
Eversource Named Top Utility in 100 Best Corporate Citizens 2023
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource is the top utility in 3BL's 100 Best Corporate Citizens list for 2023, recognizing ESG leadership among the 1,000 largest U.S. companies.
Eversource Energy to Discuss Third Quarter Results
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource Energy will webcast a call with analysts on Monday, Nov. 6, 2023, to review financial performance through the third quarter of 2023.
Eversource Energy Announces Appointment of Executive Vice President & Chief Operating Officer Paul Chodak III
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Paul Chodak has been elected as Executive Vice President and Chief Operating Officer of Eversource Energy, effective November 13, 2023.
Eversource Energy Closes on the Sale of Uncommitted Offshore Lease Area
BOSTON & HARTFORD, Conn.--(BUSINESS WIRE)--Eversource completed the sale a lease of about 175,000 acres off the coast of Massachusetts to Ørsted for $625 million in an all-cash transaction.
Here are the stocks to buy and the ones to sell if interest rates stay high, says Jefferies
A summer swoon that has been chipping away at stocks since early July was egged on Tuesday with news that Americans have hardly curbed their spending.
Eversource Begins Drilling on First-in-the-Nation Geothermal Project
FRAMINGHAM, Mass.--(BUSINESS WIRE)--Eversource started work this week on its first-in-the-nation networked geothermal pilot program in Framingham, Massachusetts.
Eversource Energy beats Q2 profit estimates on lower costs
Utility firm Eversource Energy beat Wall Street estimates for second-quarter profit on Monday, helped by lower costs and a favorable regulatory decision.
Eversource Energy Reports Second Quarter Results
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource earned $15.4 million in second quarter, including a charge related to offshore wind investments and Eversource Gas transition costs.
Eversource Energy to Discuss Second Quarter Results
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource will webcast a call with analysts on Aug. 1, 2023, at 9 a.m. ET, to discuss financial performance through the second quarter of 2023.
Too much debt coming due and not much cash on hand: These 10 companies face a rough year ahead
Jefferies & Co. offered a list of the top 10 companies with low cash and high near-term debt maturities this week that it's advising investors to avoid.
Daniel Nova Named to Eversource Board of Trustees
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Daniel J. Nova was elected to the Eversource Energy Board of Trustees effective June 1, 2023.
Eversource Energy to sell stake in offshore wind site to JV partner Ørsted
Eversource Energy on Thursday agreed to sell its 50% stake in a wind development site off the south coast of Massachusetts to joint venture partner Ørsted for $625 million in cash.
Ørsted to Acquire Eversource Share of Uncontracted Offshore Wind Seabed and Key Northeast Operational Assets
BOSTON--(BUSINESS WIRE)--Ørsted, the U.S. leader in offshore wind energy, announced it has signed an agreement to acquire Eversource Energy's 50 percent interest in the uncontracted federal offshore w...
Eversource Energy Announces Agreement to Sell Interest in Uncommitted Offshore Lease Area
BOSTON & HARTFORD, Conn.--(BUSINESS WIRE)--Eversource Energy has agreed to sell its 50 percent interest in an offshore wind lease area off the Massachusetts coast to Ørsted for $625 million.
Exclusive: Vanguard overcomes Republican challenge to US utility stakes
Vanguard Group, the largest provider of mutual funds, has secured regulatory approval to continue to own big stakes in U.S. power utilities, overcoming Republican concerns over its environmental, soci...
Eversource Energy Reports First Quarter 2023 Results
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource Energy (NYSE: ES) today reported first quarter 2023 earnings of $1.41 per share, compared with first quarter 2022 earnings of $1.28 per share. Res...
Eversource Energy to Discuss First Quarter Results
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource will webcast a call with analysts on May 4, 2023, at 9 a.m. ET, to review the company's performance through the first quarter of 2023.
Eversource Ranked #1 Energy Company in Barron's “100 Most Sustainable Companies” for 2023
BOSTON & HARTFORD, Conn.--(BUSINESS WIRE)--For the fourth consecutive year, Eversource Energy (NYSE: ES) has been recognized by Barron's on its list of America's 100 Most Sustainable Companies, appear...