Eversource Energy
About: Eversource Energy is a diversified holding company with subsidiaries that provide rate-regulated electric and gas distribution service to more than 4 million customers in the Northeast US. The company plans to sell its water utility, Aquarion, in 2025. Eversource 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 US. The company exited most of its unregulated businesses in 2006.
Employees: 10,680
0
Funds holding %
of 7,139 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
119% more call options, than puts
Call options by funds: $18.8M | Put options by funds: $8.61M
20% more funds holding in top 10
Funds holding in top 10: 5 [Q3] → 6 (+1) [Q4]
12% more repeat investments, than reductions
Existing positions increased: 309 | Existing positions reduced: 276
7% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 91
0.29% less ownership
Funds ownership: 82.69% [Q3] → 82.4% (-0.29%) [Q4]
4% less funds holding
Funds holding: 846 [Q3] → 816 (-30) [Q4]
14% less capital invested
Capital invested by funds: $20.1B [Q3] → $17.3B (-$2.72B) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$47
26%
downside
Avg. target
$62
3%
downside
High target
$75
18%
upside
4 analyst ratings
1 positive
25%
1 neutral
25%
2 negative
50%
Scotiabank Andrew Weisel 75% 1-year accuracy 21 / 28 met price target | 13%downside $55 | Sector Underperform Maintained | 13 Feb 2025 |
Wells Fargo Neil Kalton 70% 1-year accuracy 35 / 50 met price target | 18%upside $75 | Overweight Maintained | 13 Feb 2025 |
Jefferies Paul Zimbardo 86% 1-year accuracy 6 / 7 met price target | 26%downside $47 | Underperform Maintained | 28 Jan 2025 |
Barclays Eric Beaumont 47% 1-year accuracy 7 / 15 met price target | 9%upside $69 | Equal-Weight Maintained | 22 Jan 2025 |
Financial journalist opinion
Based on 17 articles about ES published over the past 30 days
Neutral
Seeking Alpha
5 days ago
Eversource Energy: Deep Discount Comes With Risks
Eversource is shifting back to a pure-play regulated utility, divesting non-core assets, and investing in grid modernization to meet growing electricity demand. The company's Q4 results showed recovery, with a significant improvement in EPS and ambitious capex plans. Despite attractive valuation, near-term risks give me pause: regulatory headwinds, potential credit rating pressure, and equity dilution.
Positive
Seeking Alpha
5 days ago
Eversource Energy: Newly Minted Dividend Aristocrat
Eversource Energy, a Dividend Aristocrat, offers a near-5% yield and has a 25-year track record of steady dividend growth, making it attractive for income investors. The company's focus on electric and natural gas infrastructure and grid reliability positions it well for long-term growth in New England. With a forward P/E of 13.0, well below its historical average, Eversource presents a compelling investment opportunity for building a durable income stream.
Neutral
Seeking Alpha
1 week ago
Eversource Energy (ES) Q4 2024 Earnings Call Transcript
Eversource Energy (NYSE:ES ) Q4 2024 Results Conference Call February 12, 2025 9:00 AM ET Company Participants Rima Hyder - Vice President of Investor Relations Joe Nolan - Chairman, President & Chief Executive Officer John Moreira - Executive Vice President and Chief Financial Officer & Treasurer Jay Buth - Vice President & Controller Conference Call Participants Shar Pourreza - Guggenheim Carly Davenport - Goldman Sachs Steve Fleishman - Wolfe Bill Appicelli - UBS Durgesh Chopra - Evercore Ross Fowler - Bank of America Jeremy Tonet - JPMorgan Andrew Weisel - Scotiabank Angie Storozynski - Seaport Operator Good day, and thank you for standing by. Welcome to the Eversource Energy Q4 and Year-end 2024 Earnings Call.
Positive
Zacks Investment Research
1 week ago
Eversource Energy Q4 Earnings and Revenues Beat Estimates
ES' fourth-quarter earnings and revenues increase year over year. Total operating expenses also increase during the same period.
Positive
Zacks Investment Research
1 week ago
Eversource Energy (ES) Tops Q4 Earnings and Revenue Estimates
Eversource Energy (ES) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $0.95 per share a year ago.
Neutral
Business Wire
1 week ago
Eversource Energy Reports Full-Year & Fourth Quarter 2024 Results
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource Energy (NYSE: ES) today reported full-year 2024 earnings of $811.7 million, or $2.27 per share, compared with a full-year 2023 loss of $(442.2) million, or $(1.26) per share. Eversource also reported fourth quarter 2024 earnings of $72.5 million, or $0.20 per share, compared with a fourth quarter 2023 loss of $(1,288.5) million, or $(3.68) per share. Non-GAAP recurring earnings totaled $1,634.0 million1, or $4.57 per share1, for the full-yea.
Positive
Zacks Investment Research
2 weeks ago
Eversource Energy to Release Q4 Earnings: Here's What to Expect
ES' fourth-quarter 2024 results are expected to benefit from the closed sale of the South Fork and Revolution Wind projects and increased investments.
Neutral
Zacks Investment Research
2 weeks ago
Eversource Energy (ES) Earnings Expected to Grow: Should You Buy?
Eversource (ES) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Zacks Investment Research
2 weeks ago
Eversource Energy Boosts Shareholder Value With 5.2% Dividend Hike
ES continues to increase shareholder value as its board of directors raises dividends by 5.2%.
Neutral
Business Wire
2 weeks ago
Eversource Recognized for Sixth Straight Year Among America's Most JUST Companies by JUST Capital and CNBC
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--As a testament to its unyielding commitment to customers, communities, employees and the environment, Eversource Energy (NYSE:ES) is being celebrated as a national leader for corporate responsibility through its recognition on this year's JUST 100 list as part of its 2025 rankings of America's Most JUST Companies, according to JUST Capital and CNBC. In its sixth straight appearance in the top 100 performers, the energy company ranked as the number one.
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