ES - Eversource Energy

NYSE - NYSE Delayed Price. Currency in USD
76.77
-1.63 (-2.08%)
At close: 4:02PM EDT
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Previous Close78.40
Open78.12
Bid72.50 x 1400
Ask90.21 x 1200
Day's Range76.74 - 78.53
52 Week Range57.49 - 78.53
Volume1,903,997
Avg. Volume1,618,311
Market Cap24.359B
Beta (3Y Monthly)0.27
PE Ratio (TTM)22.78
EPS (TTM)3.37
Earnings DateJul 29, 2019 - Aug 2, 2019
Forward Dividend & Yield2.14 (2.79%)
Ex-Dividend Date2019-05-22
1y Target Est77.91
Trade prices are not sourced from all markets
  • Want To Invest In Eversource Energy (NYSE:ES)? Here's How It Performed Lately
    Simply Wall St.3 days ago

    Want To Invest In Eversource Energy (NYSE:ES)? Here's How It Performed Lately

    Measuring Eversource Energy's (NYSE:ES) track record of past performance is a valuable exercise for investors. It...

  • New York Signs Biggest Offshore Wind Project Deal in the Nation
    Bloomberg3 days ago

    New York Signs Biggest Offshore Wind Project Deal in the Nation

    (Bloomberg) -- New York has signed the biggest-ever deals for offshore wind power in U.S. history, a key part of the state’s plan to get all of its power from emissions-free sources by 2040.On Thursday, Governor Andrew Cuomo awarded contracts for two projects off Long Island that will total 1,700 megawatts in capacity. Equinor ASA and a joint venture between Denmark’s Orsted A/S and Massachusetts-based Eversource Energy were chosen to build the farms, which will supply enough power to light up a million homes.Cuomo is counting on the wind projects to achieve the most aggressive clean energy goal in the U.S., and signed the state’s 100% renewable energy target into law right after announcing the wind contracts. New York’s ultimate plan is to get enough turbines erected off its shores to generate 9,000 megawatts by 2035.“The actions we take today will be the most consequential of my administration,” Cuomo said Thursday at a press conference, where he was joined on stage by former U.S. Vice President Al Gore. “They literally will determine the future, or the lack thereof.”The contracted wind farms will be completed by 2024, he said. Based on cost estimates from BloombergNEF, the projects may be valued at more than $5 billion.The Orsted-Eversource joint venture, Sunrise Wind, will provide 880 megawatts from a site about 30 miles (48 kilometers) east of Montauk Point -- adjacent to the South Fork Wind Farm and Revolution Wind projects the two companies are also jointly developing. Equinor will generate 816 megawatts from its Empire Wind project, about 20 miles south of Long Island, east of the Rockaways.Shares of Springfield, Massachusetts-based Eversource gained 1.3% to a record $78.40 at the close in New York.Construction will begin in the early 2020s pending permits, said Thomas Brostrom, chief executive officer of Orsted Americas. “We have to go flying out of the gates to have service by 2024,” he said. Siemens Gamesa Renewable Energy SA is set to supply the turbines for the Orsted-Eversource project, the company said in a statement.The contracts -- requiring utilities to buy power from the wind projects -- have proven crucial to the financing and development of offshore wind power in the U.S. Analysts have projected that the business could grow into a $70 billion industry along the East Coast, where states from New York to Massachusetts to New Jersey are holding auctions.New York’s contracts were so sought-after that project developers spent months wooing officials in the state with promises of jobs, training programs and port upgrades leading up to the auction results.Erecting wind mills in the ocean remains one of the most expensive ways to generate electricity. But costs are falling, and states see the technology as key in bringing clean energy to densely populated coastal areas. The U.S. government has leased more than a dozen sites to develop projects in the Atlantic from North Carolina to Massachusetts. New York’s request for bids drew offers from four developers who have building sites off Massachusetts, Rhode Island, New York and New Jersey.In June, New Jersey awarded a contract to Denmark-based Orsted to supply 1,100 megawatts of offshore wind at an initial cost of $98.10 a megawatt-hour. That’s roughly triple the average wholesale power cost in the region.Excluding subsidies, the cost of offshore wind power have plunged 64% since 2012 to a global average of $89 a megawatt-hour last year, according to BloombergNEF. That’s still more than double the $35 a megawatt-hour that New York City has paid on average for wholesale power over the past five years, according to data compiled by Genscape.\--With assistance from Christopher Martin.To contact the reporters on this story: Will Wade in New York at wwade4@bloomberg.net;Millicent Dent in New York at mdent13@bloomberg.netTo contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Will WadeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters4 days ago

    UPDATE 1-New York awards offshore wind contracts as governor signs climate bill

    New York on Thursday awarded two major offshore wind contracts to Norway's Equinor and a joint venture between Denmark's Orsted and U.S. utility Eversource, procuring more of the renewable power than it had planned as part of Governor Andrew Cuomo's ambitious plan to slash greenhouse gas emissions. Cuomo made the announcement at a New York City news conference just before signing into law a landmark climate bill to reduce the state's greenhouse gas emissions to zero by 2050.

  • Reuters4 days ago

    New York awards offshore wind contracts to Equinor, Orsted

    New York on Thursday awarded two major offshore wind contracts to Norway's Equinor and a joint venture between Denmark's Orsted and U.S. utility Eversource, a key milestone in Governor Andrew Cuomo's ambitious plan to slash the state's greenhouse gas emissions. The two contracts add up to 1700 MW of capacity, or enough to power 1 million homes, Cuomo said at a press conference in New York City.

  • Markit13 days ago

    See what the IHS Markit Score report has to say about Eversource Energy.

    Eversource Energy NYSE:ESView full report here! Summary * Perception of the company's creditworthiness is positive * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for ES with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $8.25 billion over the last one-month into ETFs that hold ES are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. ES credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Is Eversource Energy's (NYSE:ES) Capital Allocation Ability Worth Your Time?
    Simply Wall St.19 days ago

    Is Eversource Energy's (NYSE:ES) Capital Allocation Ability Worth Your Time?

    Today we'll evaluate Eversource Energy (NYSE:ES) to determine whether it could have potential as an investment idea...

  • Morningstar24 days ago

    What Offshore Wind Means for U.S. Utilities

    After reviewing the latest developments in the U.S. offshore wind industry, we are reaffirming our fair value estimates, economic moat ratings, and moat trend ratings for the U.S. utilities we cover. Utilities under our coverage with the most offshore wind exposure include  Avangrid AGR ,  Eversource Energy ES ,  Dominion Energy D , and  Public Service Enterprise Group  PEG . European utility  Orsted's U.S. projects in part support our estimated 21% compound annual growth rate for the company's earnings per share through 2028.

  • GuruFocus.com26 days ago

    5 Companies Reach Yearly Highs

    Recently, multiple companies have managed to achieve 52 week highs

  • Here is What Hedge Funds Think About Eversource Energy (ES)
    Insider Monkey29 days ago

    Here is What Hedge Funds Think About Eversource Energy (ES)

    It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]

  • Here's Why We Think Eversource Energy (NYSE:ES) Is Well Worth Watching
    Simply Wall St.last month

    Here's Why We Think Eversource Energy (NYSE:ES) Is Well Worth Watching

    For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

  • Business Wirelast month

    Eversource Receives the Nation’s Highest Award for Supporting Employees in the Military

    Eversource Energy (ES) has been selected as a winner of the 2019 Defense Employer Support Freedom Award, the government’s highest honor for a company for its support of employees who participate in the U.S. National Guard and Reserves. Eversource is one of only 15 companies nationwide that were selected among more than 2,400 nominations. The award is the result of the perseverance of Bill Gelinas, a control room supervisor for Eversource in Berlin, Conn. Gelinas wanted to show his appreciation for the support he received from the company and its employees throughout his 15-year military service, which included four overseas deployments to Iraq and Afghanistan.

  • Moody's2 months ago

    Western Massachusetts Electric Company -- Moody's upgrades NSTAR Electric's senior unsecured ratings to A1 from A2, outlook is stable

    Moody's Investors Service, (Moody's) upgraded NSTAR Electric Company's long-term ratings, including the Issuer and Senior Unsecured Ratings to A1 from A2. In addition, Moody's upgraded Western Massachusetts Electric Company's (WMECO) senior unsecured rating to A1 from A2. WMECO's debt was assumed by NSTAR Electric when the two companies merged on 31 December 2017.

  • Here is the 30th Most Popular Stock Among Hedge Funds
    Insider Monkey2 months ago

    Here is the 30th Most Popular Stock Among Hedge Funds

    As we already know from media reports and hedge fund investor letters, many hedge funds lost money in fourth quarter, blaming macroeconomic conditions and unpredictable events that hit several sectors, with technology among them. Nevertheless, most investors decided to stick to their bullish theses and recouped their losses by the end of the first quarter. […]

  • Eversource (ES) Up 2.3% Since Last Earnings Report: Can It Continue?
    Zacks2 months ago

    Eversource (ES) Up 2.3% Since Last Earnings Report: Can It Continue?

    Eversource (ES) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Business Wire2 months ago

    Eversource Energy Prices Public Offering of 15,600,000 Common Shares

    Eversource Energy (ES) today announced that it has priced its public offering of 15,600,000 of its common shares at a price per share of $72.50. Eversource Energy is directly offering 3,640,000 of its common shares to the underwriters. In addition, at Eversource Energy’s request, the forward counterparty (as defined below) is borrowing from third parties and selling 11,960,000 Eversource Energy common shares to the underwriters in the offering in connection with the forward sale agreement described below.

  • Business Wire2 months ago

    Eversource Energy Announces Public Offering of 15,600,000 Common Shares

    Eversource Energy (ES) today announced that it plans to make a public offering of 15,600,000 of its common shares. Eversource Energy is directly offering 3,640,000 of its common shares to the underwriters. In addition, at Eversource Energy’s request, the forward counterparty (as defined below) expects to borrow from third parties and sell 11,960,000 Eversource Energy common shares to the underwriters in the offering in connection with the forward sale agreement described below.

  • Is Eversource Energy's (NYSE:ES) 9.2% ROE Better Than Average?
    Simply Wall St.2 months ago

    Is Eversource Energy's (NYSE:ES) 9.2% ROE Better Than Average?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • Trade War Slams Crude Oil, Stocks and Bond Yields
    Investopedia2 months ago

    Trade War Slams Crude Oil, Stocks and Bond Yields

    Crude oil had its worst day of 2019 as the S&P 500 barely avoided completing a bearish head and shoulders reversal.

  • Eversource (ES) Arm Issues Green Bonds to Finance Projects
    Zacks2 months ago

    Eversource (ES) Arm Issues Green Bonds to Finance Projects

    Eversource Energy's (ES) subsidiary NSTAR Electric Company issues $400 million Green Bonds to finance its green initiatives.