Eversource Energy
About: Eversource Energy is a diversified holding company with subsidiaries that provide rate-regulated electric, gas, and water distribution service to more than 4 million customers in the Northeast U.S. The company expanded its service territories with acquisitions of NStar (2012), Aquarion (2017), and Columbia Gas (2020). In 2024 Eversource exited its 50% partnership with European utility Orsted to develop 2 gigawatts of offshore wind projects in the Northeast U.S. The company exited most of its unregulated businesses in 2006.
Employees: 10,171
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
110% more call options, than puts
Call options by funds: $31M | Put options by funds: $14.8M
59% more first-time investments, than exits
New positions opened: 121 | Existing positions closed: 76
20% more capital invested
Capital invested by funds: $16.7B [Q2] → $20B (+$3.3B) [Q3]
15% more repeat investments, than reductions
Existing positions increased: 304 | Existing positions reduced: 264
6% more funds holding
Funds holding: 798 [Q2] → 843 (+45) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 5 (+0) [Q3]
1.07% less ownership
Funds ownership: 83.37% [Q2] → 82.29% (-1.07%) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$52
9%
downside
Avg. target
$65
14%
upside
High target
$73
28%
upside
5 analyst ratings
1 positive
20%
2 neutral
40%
2 negative
40%
Scotiabank Andrew Weisel 46% 1-year accuracy 13 / 28 met price target | 2%downside $56 | Sector Underperform Downgraded | 12 Dec 2024 |
Jefferies Paul Zimbardo 67% 1-year accuracy 4 / 6 met price target | 9%downside $52 | Underperform Initiated | 3 Dec 2024 |
Barclays Eric Beaumont 61% 1-year accuracy 14 / 23 met price target | 26%upside $72 | Equal-Weight Maintained | 15 Oct 2024 |
BMO Capital James Thalacker 64% 1-year accuracy 49 / 77 met price target | 26%upside $72 | Market Perform Maintained | 15 Oct 2024 |
Mizuho Paul Fremont 53% 1-year accuracy 9 / 17 met price target | 28%upside $73 | Outperform Maintained | 2 Oct 2024 |
Financial journalist opinion
Based on 4 articles about ES published over the past 30 days
Neutral
Business Wire
1 day ago
Eversource Named Among America's Most Responsible Companies by Newsweek for Sixth Straight Year
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--For the sixth year in a row, Eversource Energy (NYSE: ES) has again been recognized by Newsweek and Statista Inc. as one of America's Most Responsible Companies for 2025. The prestigious award highlights the energy company's excellence in environmental, social, and corporate governance (ESG) initiatives – reaffirming Eversource's steadfast commitment to sustainability throughout its operations and a workplace culture that deeply embraces the values of.
Positive
Seeking Alpha
1 week ago
Eversource Energy: An Undervalued Solid Power Utility Stock
Eversource Energy, an American utility holding company, is now a $24 billion (by market cap) major utility player. ES has increased its dividend for 26 consecutive years, with a 10-year dividend growth rate of 6.3%. Eversource Energy moved its revenue from $7.7 billion in FY 2014 to $11.9 billion in FY 2023, a compound annual growth rate of 5%.
Neutral
Business Wire
2 weeks ago
Eversource Energy Declares Common Dividend
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--The Board of Trustees of Eversource Energy (NYSE:ES) today approved a quarterly dividend of $0.715 per share, payable on December 31, 2024, to shareholders of record as of the close of business on December 18, 2024. Eversource (NYSE: ES), celebrated as a national leader for its corporate citizenship, is among the top energy companies in Newsweek's list of America's Most Responsible Companies for 2024 and recognized as a Five-Year Champion, appearing in.
Neutral
Business Wire
4 weeks ago
Eversource and Local Partner BXP Selected to Receive Cambridge Chamber of Commerce Annual Visionary Award for Greater Cambridge Energy Program
BOSTON--(BUSINESS WIRE)--In recognition of its local collaboration, commitment to modernizing the electric system and support of clean energy goals, Eversource and its local partner BXP have been selected to receive a 2024 Cambridge Chamber of Commerce Annual Visionary Award for their partnership on the innovative Greater Cambridge Energy Program (GCEP), which includes the development of a first-of-its-kind underground electrical substation. The Visionary Awards & Gala took place on Novembe.
Positive
Seeking Alpha
1 month ago
100 November Sustainable Dividend Dogs: 50 'Safer' And 2 Ideal Buys
Calvert Research and Management ranked the 100 most sustainable companies based on over 230 ESG indicators, including workplace diversity and greenhouse-gas emissions. Eight of 78 dividend-paying sustainable companies offer dividends exceeding their share prices, signalling potential buy opportunities for investors. Analysts estimate net gains of 17.47% to 69.69% for the top ten sustainable companies by November 2025, based on target prices and dividends.
Neutral
Business Wire
1 month ago
South Fork Wind Onshore Infrastructure Buildout Propels Eversource to Project of the Year Award
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource (NYSE: ES) has been awarded the “New York Project of the Year” from the Engineering News-Record (ENR) for its leading efforts building the onshore infrastructure for the South Fork Wind project, the first commercial scale offshore wind project in the United States. This award underscores Eversource's instrumental role and experience in building new onshore transmission systems that are playing a critical part in helping deliver clean, renewa.
Neutral
Seeking Alpha
1 month ago
Eversource Energy (ES) Q3 2024 Earnings Call Transcript
Eversource Energy (NYSE:ES ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Rima Hyder - Vice President of Investor Relations Joe Nolan - Chairman, President, and Chief Executive Officer John Moreira - Executive Vice President, Chief Financial Officer, and Treasurer Conference Call Participants Shahriar Pourreza - Guggenheim Partners Carly Davenport - Goldman Sachs Nicholas Campanella - Barclays Capital Durgesh Chopra - Evercore ISI Bill Appicelli - UBS Securities Jeremy Tonet - J.P. Morgan Ross Fowler - Bank of America Steve Fleishman - Wolfe Research Travis Miller - Morningstar Julien Dumoulin-Smith - Jefferies Andrew Weisel - Scotiabank Angie Storozynski - Seaport Paul Patterson - Glenrock Associates Operator Good morning, and thank you for attending the Eversource Energy Q3 2024 Earnings Call.
Positive
Zacks Investment Research
1 month ago
Eversource Energy Q3 Earnings and Revenues Beat Estimates
ES' third-quarter earnings and revenues increase year over year. Total operating expenses also increase during the same period.
Positive
Zacks Investment Research
1 month ago
Eversource (ES) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Eversource (ES) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Positive
Zacks Investment Research
1 month ago
Eversource Energy (ES) Surpasses Q3 Earnings and Revenue Estimates
Eversource Energy (ES) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $0.97 per share a year ago.
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