Eversource Energy (ES)
| Market Cap | 20.30B |
| Revenue (ttm) | 12.67B |
| Net Income (ttm) | 1.18B |
| Shares Out | 349.09M |
| EPS (ttm) | 3.37 |
| PE Ratio | 17.26 |
| Forward PE | 12.75 |
| Dividend | $2.70 (4.64%) |
| Ex-Dividend Date | Sep 22, 2023 |
| Volume | 2,158,552 |
| Open | 58.01 |
| Previous Close | 57.36 |
| Day's Range | 57.61 - 58.83 |
| 52-Week Range | 57.22 - 87.71 |
| Beta | 0.50 |
| Analysts | Hold |
| Price Target | 81.91 (+40.86%) |
| Earnings Date | Nov 1, 2023 |
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 $81.91, which is an increase of 40.86% from the latest price.
News
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 Declares Common Dividend
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource Energy Trustees approved a quarterly dividend of $0.675 per share, payable on Sept. 29, 2023 to shareholders of record on Sept. 25, 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...
Ørsted and Eversource Propose New Offshore Wind Farm in Rhode Island, Building on Their Leading Role in Ocean State's Growing Offshore Wind Industry
PROVIDENCE, R.I.--(BUSINESS WIRE)--Rhode Island's offshore wind leaders Ørsted and Eversource today announced they have submitted a joint proposal in response to the state's offshore wind solicitation...
Eversource Energy Reports Full-Year Results
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource Energy reported full-year 2022 earnings of $1,404.9 million, or $4.05 per share, compared with 1,220.5 million, or $3.54 per share in 2021.
Eversource Energy Declares Dividend, Schedules Webcast to Discuss Fourth Quarter Results
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--The Eversource Energy Board of Trustees declared a quarterly dividend of $0.675 per share, payable March 31, 2023, to shareholders of record as of March 2,...
Ørsted and Eversource Propose New Wind Farm in New York, Building on Record of National Leadership as State Expands Offshore Wind Energy
NEW YORK--(BUSINESS WIRE)--Ørsted and Eversource today announced they have submitted a joint proposal in response to New York State's third round of offshore wind solicitations. Delivering clean, re...
Eversource Again Nationally Recognized among America's “Most JUST” Companies by JUST Capital and CNBC
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--With the release today of this year's Rankings of America's Most JUST Companies by JUST Capital and CNBC, Eversource Energy (NYSE: ES) is being nationally ...
Loretta Keane Named to Eversource Board of Trustees
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource Energy (NYSE: ES) today announced the election of Loretta D. Keane to its Board of Trustees effective January 1, 2023. Keane was also appointed ...
Eversource Again Ranks as the #1 Utility for Corporate Responsibility by Newsweek
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--For the third time in the last four years, Eversource Energy (NYSE: ES) has been recognized by Newsweek magazine as the top utility in its annual list of A...
Eversource Enhances its Carbon Reduction Goals by Committing to Science-Based Target
HARTFORD, Conn.