Eversource Energy
ES

$67.40

0.96%

Market Cap: $24.1B

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

Utilities Electric Services

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 9 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

119% more call options, than puts

Call options by funds: $31.2M | Put options by funds: $14.3M

0.06% more ownership

Funds ownership: 81.94% [Q1] → 82.0% (+0.06%) [Q2]

0% less funds holding

Funds holding: 791 [Q1] → 789 (-2) [Q2]

2% less first-time investments, than exits

New positions opened: 88 | Existing positions closed: 90

4% less capital invested

Capital invested by funds: $17.1B [Q1] → $16.4B (-$712M) [Q2]

11% less repeat investments, than reductions

Existing positions increased: 270 | Existing positions reduced: 305

17% less funds holding in top 10

Funds holding in top 10: 6 [Q1] → 5 (-1) [Q2]

See Fund Rankings

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$61

9%

downside

Avg. target

$70

4%

upside

High target

$79

17%

upside

9 analyst ratings

1 positive

11%

8 neutral

89%

0 negative

0%

B of A Securities Julien Dumoulin-Smith 68% 1-year accuracy 32 / 47 met price target	1%upside $68	Neutral Maintained	29 Aug 2024
Morgan Stanley Stephen Byrd 60% 1-year accuracy 40 / 67 met price target	11%upside $75	Equal-Weight Maintained	23 Aug 2024
Scotiabank Andrew Weisel 87% 1-year accuracy 20 / 23 met price target	2%downside $66	Sector Perform Maintained	20 Aug 2024
BMO Capital James Thalacker 87% 1-year accuracy 52 / 60 met price target	4%upside $70	Market Perform Maintained	19 Aug 2024
BMO Capital James Thalacker 87% 1-year accuracy 52 / 60 met price target	8%upside $73	Market Perform Maintained	5 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 7 articles about ES published over the past 30 days

In Case You Missed It: Massachusetts Department of Public Utilities Approves Eversource Electric Sector Modernization Plan

BOSTON--(BUSINESS WIRE)--Affirming the commonwealth's leadership on a strategic approach to the clean energy transition, the Massachusetts Department of Public Utilities' (DPU) recently approved Electric Sector Modernization Plans (ESMP) proposed by Eversource and other utilities to develop the clean energy infrastructure needed to meet decarbonization goals while ensuring safe, reliable service for customers. The DPU's order builds on Massachusetts' proactive, equity-focused work to advance a.

In Case You Missed It: Massachusetts Department of Public Utilities Approves Eversource Electric Sector Modernization Plan

Investors Business Daily

This Utility Company Has Raised Its Dividend 24 Straight Years

Eversource Energy provides electricity services to 4.4 million customers across Connecticut, Massachusetts and New Hampshire.

This Utility Company Has Raised Its Dividend 24 Straight Years

Eversource Announces New Vice President of Investor Relations

HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource Energy (NYSE: ES) is pleased to announce Rima Hyder as the company's new Vice President of Investor Relations. Hyder brings more than 20 years of experience in finance, communications and investor relations, spanning several industries, to Eversource, where she will lead the company's investor relations strategy to develop and maintain strong relationships with the investment community and other key stakeholders. Matt Fallon will continue to.

Eversource Announces New Vice President of Investor Relations

Zacks Investment Research

Eversource (ES) Gains From Investments & Renewable Expansion

Eversource's (ES) long-term capital investment plans and expansion of renewable and water operations should further improve its overall performance.

Eversource (ES) Gains From Investments & Renewable Expansion

Eversource Secures Federal Funding for Offshore Wind Hub in Southeastern Connecticut in Collaboration with New England States

HARTFORD, Conn.--(BUSINESS WIRE)--Eversource Energy is pleased to announce its Huntsbrook Offshore Wind (OSW) Hub project proposal was recently awarded $89 million in federal grant funding through the second round of the U.S. Department of Energy's Grid Innovation Program. The Huntsbrook OSW Hub proposal was included in the Power Up New England project portfolio that was selected to receive $389 million in total funding through the DOE program and will support New England's clean energy transit.

Eversource Secures Federal Funding for Offshore Wind Hub in Southeastern Connecticut in Collaboration with New England States

24/7 Wall Street

5 Dividend Champions Can Deliver Investors a Passive Income Home Run

Dividend-paying stocks are ideal for investors seeking passive income streams.

5 Dividend Champions Can Deliver Investors a Passive Income Home Run

Buy 10 Sustainable Dividend Dogs Of Barron's August 100

Barron's seventh annual (2024) ranking of Sustainable companies started with the 1,000 largest publicly traded companies by market value, then ranked each by performance for five key constituencies: shareholders, employees, customers, community, and planet. Home-products company Clorox sits at the top for the second straight year, edging out Kimberly-Clark, CBRE Group, Hasbro, and Agilent Technologies in the top five. Per 8/8/24 data from YCharts, the top-10 of 77 dividend-paying sustainable companies ranged 4.34%-14.68% by annual yield and ranged 31.29%-79.66% by broker-estimated target-price upsides.

Buy 10 Sustainable Dividend Dogs Of Barron's August 100

Eversource Energy (ES) Q2 2024 Earnings Call Transcript

Eversource Energy (NYSE:ES ) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Matthew Fallon - Director, Investor Relations Joe Nolan - Chairman, President and Chief Executive Officer John Moreira - Executive Vice President, CFO and Treasurer Conference Call Participants Shah Pourreza - Guggenheim Partners Jeremy Tonet - JPMorgan Nick Campanella - Barclays Steve Fleishman - Wolfe Research David Arcaro - Morgan Stanley Julien Dumoulin-Smith - Jefferies Paul Patterson - Glenrock Anthony Crowdell - Mizuho Travis Miller - Morningstar Ryan Levine - Citi Operator Good morning and good afternoon ladies and gentlemen. Welcome to the Eversource Energy Q2 2024 Earnings Call.

Eversource Energy (ES) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Eversource Energy (ES) Q2 Earnings In Line With Estimates

Eversource Energy's (ES) second-quarter earnings and revenues decline year over year. Total operating expenses also decrease during the same period.

Eversource Energy (ES) Q2 Earnings In Line With Estimates

Zacks Investment Research

Eversource Energy (ES) Matches Q2 Earnings Estimates

Eversource Energy (ES) came out with quarterly earnings of $0.95 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1 per share a year ago.

Eversource Energy (ES) Matches Q2 Earnings Estimates

See News Rankings