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 |
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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 |
8/23/2023 | $72.00 | Equal Weight | Barclays |
6/15/2023 | $91.00 | Sector Perform → Sector Outperform | Scotiabank |
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
Barclays initiated coverage of Eversource Energy with a rating of Equal Weight and set a new price target of $72.00
Scotiabank upgraded Eversource Energy from Sector Perform to Sector Outperform and set a new price target of $91.00
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Barclays analyst Eric Beaumont maintains Eversource Energy (NYSE:ES) with a Equal-Weight and raises the price target from $65 to $69.
Eversource Energy (NYSE:ES) today announced that it has completed the sale of its 50 percent ownership share in the 924-megawatt Sunrise Wind project (Sunrise Wind) to Ørsted. Gross proceeds of the transaction are $230 million, subject to spending adjustments between signing and closing, with 50% due at closing and the remaining balance paid upon the achievement of certain construction milestones.On January 24, 2024, Eversource Energy (Eversource) announced that it had reached an agreement to sell its 50 percent interest in Sunrise Wind to Ørsted, contingent on – among other things – the project's successful award under the fourth New York State Energy Research and Development Authority (NYS
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector. Atlantica Sustainable Infrastructure plc (NASDAQ:AY) Dividend Yield: 8.10% B of A Securi
B of A Securities analyst Julien Dumoulin-Smith upgrades Eversource Energy (NYSE:ES) from Underperform to Neutral and maintains the price target from $61 to $61.
Morgan Stanley analyst Stephen Byrd maintains Eversource Energy (NYSE:ES) with a Equal-Weight and lowers the price target from $70 to $67.
Eversource Energy's (NYSE:ES) short percent of float has fallen 6.28% since its last report. The company recently reported that it has 4.81 million shares sold short, which is 1.79% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.29 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short intere
Morgan Stanley analyst Stephen Byrd maintains Eversource Energy (NYSE:ES) with a Equal-Weight and raises the price target from $64 to $70.
B of A Securities analyst Julien Dumoulin-Smith maintains Eversource Energy (NYSE:ES) with a Underperform and raises the price target from $50 to $61.
Wells Fargo analyst Neil Kalton maintains Eversource Energy (NYSE:ES) with a Overweight and raises the price target from $69 to $72.
BMO Capital analyst James Thalacker maintains Eversource Energy (NYSE:ES) with a Market Perform and raises the price target from $65 to $66.
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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
Eversource ESMP Details Comprehensive Roadmap to Enhance Grid Resiliency and Reliability for Customers, Foster Community Engagement, and Achieve Commonwealth's Clean Energy Goals 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 sustainable energy future, reflecting a stro
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
Montville-based project is part of the Power Up New England portfolio recently awarded $389 million through the U.S. Department of Energy's "Grid Innovation Program" 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 transition while improving grid reliability across the region. This pres
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 announced that it has completed the sale of its 50 percent ownership share in the 924-megawatt Sunrise Wind project (Sunrise Wind) to Ørsted. Gross proceeds of the transaction are $230 million, subject to spending adjustments between signing and closing, with 50% due at closing and the remaining balance paid upon the achievement of certain construction milestones. On January 24, 2024, Eversource Energy (Eversource) announced that it had reached an agreement to sell its 50 percent interest in Sunrise Wind to Ørsted, contingent on – among other things – the project's successful award under the fourth New York State Energy Research and Development Authority
Innovative first-of-its-kind networked geothermal pilot project honored for its groundbreaking approach to sustainable energy Affirming its leadership in pursuing innovative decarbonization solutions, Eversource has been recognized with the Environmental Business Council of New England's (EBC) Inaugural Community Choice Award for the energy company's innovative first-of-its-kind networked geothermal pilot project in Framingham, Massachusetts. The award was presented to Eversource leadership and members of the project team during the EBC APEX Awards Celebration held at the City Winery in Boston on Thursday, June 13, 2024. This press release features multimedia. View the full release here:
National recognition highlights energy company's achievements in reducing greenhouse gas emissions For a second consecutive year, Eversource Energy (NYSE:ES) has been recognized by USA TODAY and Statista Inc. as one of America's Climate Leaders for 2024. Ranked among the top utilities on the list, this distinction highlights the energy company's efforts to reduce its greenhouse gas emissions intensity which is rooted in an unwavering commitment to sustainability throughout its operations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240530948990/en/For a second consecutive year, Eversource Energy has been recognized by USA T
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. "
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
Announces Exploration of Sale of Water Distribution Business Eversource Energy (NYSE:ES) today reported a full-year 2023 loss of $(442.2) million, or $(1.26) per share, compared with full-year 2022 earnings of $1,404.9 million, or $4.05 per share. Eversource also reported a fourth quarter 2023 loss of $(1,288.5) million, or $(3.68) per share, compared with fourth quarter 2022 earnings of $320.2 million, or $0.92 per share. Results for the full year and the fourth quarter of 2023 include after-tax impairment charges of $1,953 million, or $5.58 per share, and $1,622 million, or $4.63 per share, respectively, related to Eversource Energy's offshore wind investment. In addition, results for
The Eversource Energy Board of Trustees declared a quarterly dividend of $0.715 per share, payable March 29, 2024, to shareholders of record as of March 5, 2024. Eversource also announced today that it will webcast a conference call with financial analysts on Wednesday, February 14, 2024, beginning at 9 a.m. Eastern Time, at which senior management will review the company's financial performance through 2023. 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 corpor
The Board of Trustees of Eversource Energy (NYSE:ES) today approved a quarterly dividend of $0.675 per share, payable on December 29, 2023, to shareholders of record as of the close of business on December 18, 2023. Eversource Energy operates New England's largest energy delivery company and is committed to safety, reliability, environmental leadership and stewardship, as well as expanding energy and sustainability options for approximately 4.4 million electric, natural gas and water customers in Connecticut, Massachusetts and New Hampshire. It has approximately 349 million common shares outstanding. View source version on businesswire.com: https://www.businesswire.com/news/home/20231205
Eversource Energy (NYSE:ES) today reported earnings of $339.7 million, or $0.97 per share, for the third quarter of 2023, compared with earnings of $349.4 million, or $1.00 per share, for the third quarter of 2022. Eversource Energy earnings totaled $846.2 million, or $2.42 per share, in the first nine months of 2023, compared with earnings of $1,084.7 million, or $3.13 per share, in the first nine months of 2022. Results for the first nine months of 2023 include an after-tax impairment charge of $331.0 million, or $0.95 per share, related to Eversource Energy's offshore wind investment. In addition, results for both years include transaction costs and other charges that totaled $6.9 mill
Eversource Energy will webcast a conference call with financial analysts on Monday, November 6, 2023, beginning at 9 a.m. Eastern Time, at which senior management will review the company's financial performance through the third quarter of 2023. 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 2023 and recognized as one of America's Most JUST Companies. Eve