Eversource Energy (ES)
- Previous Close
60.35 - Open
59.63 - Bid 56.20 x 800
- Ask 64.00 x 900
- Day's Range
59.44 - 61.05 - 52 Week Range
52.03 - 79.43 - Volume
1,593,143 - Avg. Volume
2,812,074 - Market Cap (intraday)
21.338B - Beta (5Y Monthly) 0.60
- PE Ratio (TTM)
-- - EPS (TTM)
-1.27 - Earnings Date May 1, 2024
- Forward Dividend & Yield 2.86 (4.74%)
- Ex-Dividend Date Mar 4, 2024
- 1y Target Est
66.44
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 241,000 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 was incorporated in 1927 and is headquartered in Springfield, Massachusetts.
www.eversource.com10,171
Full Time Employees
December 31
Fiscal Year Ends
Sector
Utilities - Regulated Electric
Industry
Recent News: ES
Performance Overview: ES
Trailing total returns as of 4/24/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: ES
Valuation Measures
Market Cap
21.17B
Enterprise Value
47.87B
Trailing P/E
--
Forward P/E
13.07
PEG Ratio (5yr expected)
2.06
Price/Sales (ttm)
1.77
Price/Book (mrq)
1.49
Enterprise Value/Revenue
4.02
Enterprise Value/EBITDA
34.29
Financial Highlights
Profitability and Income Statement
Profit Margin
-3.71%
Return on Assets (ttm)
2.91%
Return on Equity (ttm)
-2.90%
Revenue (ttm)
11.91B
Net Income Avi to Common (ttm)
-442.24M
Diluted EPS (ttm)
-1.27
Balance Sheet and Cash Flow
Total Cash (mrq)
53.87M
Total Debt/Equity (mrq)
187.59%
Levered Free Cash Flow (ttm)
-3.24B
Research Analysis: ES
Company Insights: ES
Fair Value
Dividend Score
Hiring Score
Insider Sentiment Score
Research Reports: ES
Mid Cap U.S. Pick List April 2024
This pick list highlights constituents of the Morningstar US Mid Cap Index that we believe offer investors the best risk-adjusted return prospects. The market capitalization range for U.S. mid-caps typically falls between $1 billion and $8 billion and represents 20% of the total capitalization of the U.S. equity market.
Analyst Report: Eversource Energy
Eversource Energy is largely a pure-play transmission and distribution business. It provides electric service and natural gas to 4.4 million customers in Massachusetts, Connecticut, and New Hampshire. The utility has almost 60,000 circuit miles of transmission lines, of which about 30% are underground. Eversource's core subsidiaries are: Connecticut Light & Power, which serves most of Connecticut; Yankee Gas Services Co.; Public Service Co. of New Hampshire, which serves three-quarters of New Hampshire; NSTAR Electric, which serves eastern Massachusetts; NSTAR Gas, which serves customers in Boston and eastern Massachusetts; and Aquarian Water Co., which serves part of southern Connecticut. We note that many residences in Eversource's service region continue to use heating oil to heat their homes, which tightens the utility's demographic growth. In 2023, electricity transmission accounted for 42% of earnings, distribution for 40%, natural gas for 15%, and water distribution accounted for 2%. Eversource recently completed a strategic review of its offshore wind investments, and is selling three wind assets and looking for a buyer for its water business. It is targeting carbon neutrality by 2030, in line with other pure-play transmission utilities. The company's market cap is $20.4 billion.
RatingPrice TargetMarket Digest: BJ, LH, MCD, MDU, ES, UTHR
Monday Tee Up: A Short but Busy Week
Analyst Report: Eversource Energy
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). Eversource is exiting 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.
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