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 216,000 customers. It serves residential, commercial, industrial, municipal and fire protection, and other customers in Connecticut, Massachusetts, and New Hampshire. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy is based in Springfield, Massachusetts.
IPO Year:
Exchange: NYSE
Website: eversource.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/12/2024 | $66.00 → $56.00 | Sector Perform → Sector Underperform | Scotiabank |
12/3/2024 | $52.00 | Underperform | Jefferies |
6/25/2024 | $61.00 | Underperform → Neutral | BofA Securities |
4/10/2024 | $73.00 | Buy | Goldman |
4/4/2024 | $62.00 → $67.00 | Neutral → Buy | UBS |
2/15/2024 | $54.00 → $62.00 | Neutral → Buy | Mizuho |
1/22/2024 | $72.00 | Neutral → Buy | Guggenheim |
11/7/2023 | $84.00 → $65.00 | Outperform → In-line | Evercore ISI |
10/16/2023 | $60.00 | Sector Outperform → Sector Perform | Scotiabank |
10/13/2023 | $60.00 | Buy → Neutral | Guggenheim |
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Eversource today announced the energization of the Sudbury to Hudson Transmission Reliability Project, which marks the completion of Eversource and National Grid's Greater Boston and New Hampshire Solution to strengthen the resiliency of the region's electric transmission system against extreme weather and improve reliability for customers. Sudbury to Hudson in eastern Massachusetts was the final project completed in a suite of 50 projects included in the broader regional suite of projects, which ISO New England selected as a preferred solution to enhance regional electric reliability, increase the capacity of the system and provide more grid flexibility during emergency events. Other major
Strategic location offers unique opportunity to ensure reliability for the New England region and advance Massachusetts' clean energy transition by interconnecting multiple renewable energy sources With a focus on helping to enable Massachusetts' unprecedented clean energy transition while ensuring safe, reliable service for customers across New England, Eversource has acquired a 26-acre portion of the Mystic property from Constellation Energy. Eversource has not developed specific plans for the site at this time, but its strategic location, historic use, and existing infrastructure uniquely position it as a potential multi-use energy interconnection hub for large-scale renewable energy s
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 every edition of the list. Eversource transmits and delivers electricity and natural gas and supplies water to approximately 4.4 million customers in Connecticut, Massachusetts and New Hampshire. The #1 energy efficiency provider in the nati
Unique electric infrastructure solution, including a first-of-its-kind underground electrical substation, honored for its innovative and collaborative design 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 November 21 at 5:30 p.m. at the Hyatt Regency Hotel. This press release fea
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 press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241114995355/en/Left to right: Andrew Cohen (Burns & McDonnell), Spencer Rubin (Eversource), Julia Bovey (Eversource), Vinny Montemurro (Burns & McDonnell), Bill Quinlan (Eversource), Bradford von Thaden (HDR), Conor McManus (Burns & McDonnell) (Photo: Business Wire) This award underscores Eversource's instrumen
Eversource Energy (NYSE:ES) today reported a loss of $(118.1) million, or $(0.33) per share, for the third quarter of 2024, compared with earnings of $339.7 million, or $0.97 per share, for the third quarter of 2023. Eversource Energy earnings totaled $739.1 million, or $2.08 per share, in the first nine months of 2024, compared with earnings of $846.2 million, or $2.42 per share, in the first nine months of 2023. For non-GAAP recurring earnings, Eversource Energy earned $405.9 million1, or $1.13 per share1 in the third quarter of 2024, compared with earnings of $339.7 million, or $0.97 per share, for the third quarter of 2023. Non-GAAP recurring earnings totaled $1.26 billion1, or $3.56 pe
Energy company ranks #1 U.S. utility for sustainability, high employee satisfaction, and revenue growth As a strong reinforcement of its position as an energy industry leader, Eversource (NYSE:ES) has been listed in TIME's ranking of the World's Best Companies in 2024 which was curated in collaboration with global research and data firm Statista. Ranked #396 overall out of 1,000 companies and the #1 U.S. utility, this recognition highlights the energy company's exceptional performance in three key categories, including employee satisfaction, revenue growth and environmental, social and governance (ESG) metrics. This press release features multimedia. View the full release here: https://www
Eversource Energy will webcast a conference call with financial analysts on Tuesday, November 5, 2024, beginning at 9 a.m. Eastern Time, at which senior management will review the company's financial performance through the third quarter of 2024. This listen-only, live audio presentation will be accessible from the Investors section of the Eversource website at https://www.eversource.com/content/general/residential/about/investors/presentations-webcasts. 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 i
Company Closes on the Sale of Revolution Wind and South Fork Wind to Global Infrastructure Partners Eversource Energy (NYSE:ES) today announced that it has completed the sale of its 50 percent interest in the 132-megawatt South Fork Wind project (South Fork Wind) and the 704-megawatt Revolution Wind project (Revolution Wind) to Global Infrastructure Partners (GIP). Adjusted gross proceeds from the transaction were $745 million. Adjusted gross proceeds from the sale were reduced by approximately $375 million as compared with the expected purchase price of approximately $1.12 billion. This reduction reflects approximately $150 million due to lower capital spending between announcing the tra
The Board of Trustees of Eversource Energy (NYSE:ES) today approved a quarterly dividend of $0.715 per share, payable on September 30, 2024, to shareholders of record as of the close of business on September 23, 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 every edition of the list. Eversource transmits and delivers electricity and natural gas and supplies water to approximately 4.4 million customers in Connecticut, Massachusetts and New Hampshire. The #1 energy efficiency provider in the nat
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Strategic location offers unique opportunity to ensure reliability for the New England region and advance Massachusetts' clean energy transition by interconnecting multiple renewable energy sources With a focus on helping to enable Massachusetts' unprecedented clean energy transition while ensuring safe, reliable service for customers across New England, Eversource has acquired a 26-acre portion of the Mystic property from Constellation Energy. Eversource has not developed specific plans for the site at this time, but its strategic location, historic use, and existing infrastructure uniquely position it as a potential multi-use energy interconnection hub for large-scale renewable energy s
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 every edition of the list. Eversource transmits and delivers electricity and natural gas and supplies water to approximately 4.4 million customers in Connecticut, Massachusetts and New Hampshire. The #1 energy efficiency provider in the nati
Eversource Energy (NYSE:ES) today reported a loss of $(118.1) million, or $(0.33) per share, for the third quarter of 2024, compared with earnings of $339.7 million, or $0.97 per share, for the third quarter of 2023. Eversource Energy earnings totaled $739.1 million, or $2.08 per share, in the first nine months of 2024, compared with earnings of $846.2 million, or $2.42 per share, in the first nine months of 2023. For non-GAAP recurring earnings, Eversource Energy earned $405.9 million1, or $1.13 per share1 in the third quarter of 2024, compared with earnings of $339.7 million, or $0.97 per share, for the third quarter of 2023. Non-GAAP recurring earnings totaled $1.26 billion1, or $3.56 pe
Eversource Energy will webcast a conference call with financial analysts on Tuesday, November 5, 2024, beginning at 9 a.m. Eastern Time, at which senior management will review the company's financial performance through the third quarter of 2024. This listen-only, live audio presentation will be accessible from the Investors section of the Eversource website at https://www.eversource.com/content/general/residential/about/investors/presentations-webcasts. 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 i
The Board of Trustees of Eversource Energy (NYSE:ES) today approved a quarterly dividend of $0.715 per share, payable on September 30, 2024, to shareholders of record as of the close of business on September 23, 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 every edition of the list. Eversource transmits and delivers electricity and natural gas and supplies water to approximately 4.4 million customers in Connecticut, Massachusetts and New Hampshire. The #1 energy efficiency provider in the nat
St. Louis, Aug. 07, 2024 (GLOBE NEWSWIRE) -- ESCO Technologies Inc. (NYSE:ESE) (ESCO, or the Company) today reported its operating results for the third quarter ended June 30, 2024 (Q3 2024). Operating Highlights Q3 2024 Sales increased $12.1 million (5 percent) to $260.8 million compared to $248.7 million in Q3 2023. Q3 organic sales increased $8.7 million (4 percent) and the MPE acquisition contributed $3.4 million (1 percent) of revenue in the quarter. Q3 2024 GAAP EPS increased 5 percent to $1.13 per share compared to $1.08 per share in Q3 2023. Q3 2024 Adjusted EPS increased 6 percent to $1.16 per share compared to $1.09 per share in Q3 2023.Q3 2024 Entered Orders increased $98.4
Eversource Energy (NYSE:ES) today reported GAAP earnings of $335.3 million, or $0.95 per share, for the second quarter of 2024, compared with earnings of $15.4 million, or $0.04 per share, for the second quarter of 2023. For the first half of 2024, Eversource Energy reported GAAP earnings of $857.2 million, or $2.43 per share, compared with earnings of $506.6 million, or $1.45 per share, for the first half of 2023. Results in 2023 include after-tax charges of $337.2 million, or $0.96 per share in the second quarter of 2023, and $337.7 million, or $0.96 per share, in the first half of 2023, primarily related to an impairment of Eversource Energy's offshore wind investment. Excluding these
Eversource Energy will webcast a conference call with financial analysts on Thursday, August 1, 2024, beginning at 9 a.m. Eastern Time, at which senior management will review the company's financial performance through the second quarter of 2024. This listen-only, live audio presentation will be accessible from the Investors section of the Eversource website at https://www.eversource.com/content/general/residential/about/investors/presentations-webcasts. 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
Eversource Energy (NYSE:ES) today reported earnings of $521.8 million, or $1.49 per share, for the first quarter of 2024, compared with earnings of $491.2 million, or $1.41 per share, for the first quarter of 2023. Also today, the Eversource Energy Board of Trustees approved a common dividend of $0.715 per share, payable June 28, 2024, to shareholders of record as of May 16, 2024. The company reaffirms its 2024 non-GAAP earnings projection of between $4.50 per share and $4.67 per share. It also reaffirmed its compound annual earnings per share growth rate within the range of 5 to 7 percent from a 2023 base of $4.34 per share1, and its $23.1 billion of forecasted capital investments. "
Eversource Energy will webcast a conference call with financial analysts on Thursday, May 2, 2024, beginning at 9 a.m. Eastern Time, at which senior management will review the company's financial performance through the first quarter of 2024. This listen-only, live audio presentation will be accessible from the Investors section of the Eversource website at https://www.eversource.com/content/general/residential/about/investors/presentations-webcasts. Eversource (NYSE:ES), celebrated as a national leader for its corporate citizenship, is the #1 energy company in Newsweek's list of America's Most Responsible Companies for 2024 and recognized as a Five-Year Champion, appearing in every edi
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Rima Hyder brings 20-plus years of finance and investor relations experience to the company 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 support the Investor Relations team and other finance related corporate initiatives. "I'm honored to join New England's largest energy delivery com
Position effective November 13, 2023 Eversource Energy (NYSE:ES) today announced that Paul Chodak has been elected as Executive Vice President and Chief Operating Officer, effective November 13, 2023. Chodak has worked at American Electric Power (NYSE:AEP) in Operations roles for 22 years. He has served as AEP's Executive Vice President of Generation since 2019 where he has been responsible for the safe and efficient operation and maintenance of AEP's regulated power plants, including wind, solar, and hydro facilities. Previously, he was the Executive Vice President of Utilities and led seven utility companies within AEP's footprint of 5 million customers in 11 states throughout the U.S
Scotiabank downgraded Eversource Energy from Sector Perform to Sector Underperform and set a new price target of $56.00 from $66.00 previously
Jefferies initiated coverage of Eversource Energy with a rating of Underperform and set a new price target of $52.00
BofA Securities upgraded Eversource Energy from Underperform to Neutral and set a new price target of $61.00
Goldman initiated coverage of Eversource Energy with a rating of Buy and set a new price target of $73.00
UBS upgraded Eversource Energy from Neutral to Buy and set a new price target of $67.00 from $62.00 previously
Mizuho upgraded Eversource Energy from Neutral to Buy and set a new price target of $62.00 from $54.00 previously
Guggenheim upgraded Eversource Energy from Neutral to Buy and set a new price target of $72.00
Evercore ISI downgraded Eversource Energy from Outperform to In-line and set a new price target of $65.00 from $84.00 previously
Scotiabank downgraded Eversource Energy from Sector Outperform to Sector Perform and set a new price target of $60.00
Guggenheim downgraded Eversource Energy from Buy to Neutral and set a new price target of $60.00