ES - Eversource Energy
| Previous Close | 70.92 |
| Open | 71.07 |
| Bid | 0.00 x 1100 |
| Ask | 74.00 x 800 |
| Day's Range | 70.00 - 71.12 |
| 52 Week Range | 52.76 - 71.96 |
| Volume | 1,690,452 |
| Avg. Volume | 1,892,820 |
| Market Cap | 22.252B |
| Beta (3Y Monthly) | 0.43 |
| PE Ratio (TTM) | 21.60 |
| EPS (TTM) | 3.25 |
| Earnings Date | Apr 30, 2019 - May 6, 2019 |
| Forward Dividend & Yield | 2.14 (3.00%) |
| Ex-Dividend Date | 2019-03-04 |
| 1y Target Est | 70.47 |
- InvestorPlace•8 days ago
7 Stocks to Buy With High ESG Momentum
[Editor's note: This story was previously published in January 2019. It has since been updated and republished.]Environmental, social and governance (ESG) investing continues to gain the interest of investors looking for stocks to buy to produce market-beating results. But are you familiar with the concept of ESG Momentum? I wasn't until I saw a recent InvestmentNews article on the subject. It turns out that Truvalue Labs, a San Francisco-based artificial intelligence company, has developed the "Truvalue Platform," which uses ESG data and analytics to help investors evaluate a stock's intangibles. InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhatever it takes, remember?ESG stands for environment, social and governance. There is evidence that evaluating these factors -- along with the traditional metrics investors have always used -- leads to better performance over time.Therefore, ESG Momentum rates companies on how much ESG improvement they've made from one period to the next. So, you might have an oil and gas company with an ESG Momentum ranking of 85, which demonstrates that even though it might rank poorly in the entire S&P 500 universe regarding its ESG rating, it's improved recently, compared with its peers. "Improvements in governance scores are a significant factor in producing superior returns," Eoin Murray, head of Investment at Hermes, a £30 billion London-based asset manager, said in March 2018. "Investors should always look for evidence of improvement as it is the change in ESG metrics that is the key."Also studies suggest that companies with excellent ESG ratings tend to do better in corrections. Given many experts are predicting lower annual returns over the next few years, layering ESG Momentum rankings on top of whatever ESG analytics you use to evaluate stocks could deliver a winning portfolio. * The 10 Best Stocks to Buy for the Bull Market's Anniversary For those who buy the idea that ESG factors do play a role in better stock performance, here are seven stocks to buy from companies winning through ESG. Stocks to Buy: Berkshire Hathaway (BRK.A, BRK.B)Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) owns too many companies to list them all in one sitting. Naturally, that makes rating it for ESG factors a complicated task. "We have a fiduciary obligation to our clients in almost all cases to outperform, and ESG's most important claim is that doing good will drive better returns. That argument is weakened by inconsistent ratings," CFA Christopher Merker wrote in July 2018. "As James Mackintosh recently observed, Warren Buffett's Berkshire Hathaway was ranked dead last in the S&P 500 by one ratings firm and in the middle of the pack by another. That's too much dispersion."He's not wrong. That's always been a weakness of ESG methodologies. However, I managed to find a Truvalue screen from October of the top ten S&P 100 stocks regarding ESG Momentum, and Berkshire Hathaway made the list. "Berkshire's short-term Pulse Score hit its highest mark for the past year in May 2018 with the announcement that a Berkshire Hathaway electricity utility serving six Western states won't build new gas or coal, instead it is planning to add gigawatts of wind and solar capacity," Truvalue Labs blog stated Oct. 10, 2018.You don't have to do much arm twisting to convince me BRK is an excellent stock to buy. The ESG shout out is just icing on the cake. Stocks to Buy: Costco (COST)Like Berkshire Hathaway, Costco (NASDAQ:COST) made Truvalue Labs' list from October 2018. It did so because of several new initiatives including introducing compostable coffee pods in its warehouses, a new policy regarding the use of chemicals, and a commitment to install solar panels at its stores.Anyone who's followed the warehouse club for a reasonable amount of time is likely aware of the company's treatment of its employees. In October, Amazon (NASDAQ:AMZN) announced it was raising its minimum wage for U.S. workers to $15, one dollar more than Costco. However, the actual wage of the typical Costco employee is more like $22.50 per hour, well above any other retailer operating nationally. And the benefits are better than most. "The best part is all the perks -- guaranteed hours, benefits, time and a half on Sundays, free turkeys at Thanksgiving, four free memberships, a livable wage," a Costco employee with six years of experience told Business Insider in April 2018. * The 10 Best Stocks to Buy for the Bull Market's Anniversary I shop at Costco a lot and I've never seen a grumpy employee. The company takes the "S" in ESG seriously. Stocks to Buy: Eversource Energy (ES)When it comes to ESG, Eversource Energy (NYSE:ES) gets a lot of compliments. In 2016, Eversource's Massachusetts' utility was named the most energy-efficient utility provider in the U.S. In 2017, the American Council for an Energy-Efficient Economy (ACEEE) named Eversource the most efficient utility in the U.S. by saving 3% of their annual sales through energy efficiency initiatives. I haven't heard about its 2018 awards as of yet, but I'm sure they'll arrive soon enough. As far as sustainability goes, Eversource also ranks high among its utility peers. No less than five different organizations have rated it anywhere from first to sixth in sustainability among U.S. utilities. If you're concerned about the sustainability of the utility whose stock you will buy, Eversource is the right one for you. More importantly, Eversource's good deeds have resulted in outstanding shareholder returns, Over the last year, Eversource has generated a total return of over 25%, Stocks to Buy: Keysight Technologies (KEYS)I had never even heard of Keysight Technologies (NYSE:KEYS) until I saw it on Sustainalytics Research's list of the 30 Most Sustainable and Ethically Responsible Companies. Eversource is also on the latest ranking.Not only did the company make Sustainalytics Research's top 30; it also finished 21st in Just Capital's 2018 list of America's most just companies. To rank highly on Just Capital's list, companies must pay their workers well, be actively studying gender pay gaps, offer flexible work hours, set diversity targets, employ a lot of people, etc. As for Keysight, it turns out it is the electronics measurement spinoff of Agilent Technologies (NYSE:A). Independent since November 2014, Keysight provides hardware and software solutions for measuring stuff in various industries including automotive, communications, and even the government.In the four years since going public, KEYS has close to tripled in value. * The 10 Best Stocks to Buy for the Bull Market's Anniversary It's not easy being a large company with all the different responsibilities involved, but Keysight seems to have figured out how to do it. I'll be paying more attention to it in the future. Stocks to Buy: McCormick (MKC)I wonder if McCormick (NYSE:MKC) is concerned about ESG matters because it owns Billy Bee honey? I'm sure it's worried about the well-being of bees. However, I only asked that in jest. Dig a little deeper and you'll find it cares a great deal about sustainability.In 2018, McCormick was named the 23rd most sustainable company on the Corporate Knights Global 100 Sustainability Index. The index is a group of companies that are leaders in their respective industries from a sustainability perspective. To make the list, a company must have a market cap of at least $2 billion. Each company is ranked for 12 different sustainability indicators. "This honor validates our efforts to embed sustainability throughout our operations, to provide transparency to our stakeholders and to positively impact communities where we live, source and work," stated CEO Lawrence Kurzius about the recognition. In 2017, McCormick committed to improve the world around us, arguing that how it performs as a company is directly related to how it acts as a global citizen. I wonder if President Trump has made the same commitment.McCormick has set all kinds of goals, both business and community-based, which sets it apart from a lot of big companies. I've recommended its stock several times in the past year. Given how much the company cares, I like it even more. Stocks to Buy: Prologis (PLD)If you know anyone big in e-commerce, he or she has probably heard about Prologis (NYSE:PLD). As of the end of the third quarter of 2018, PLD owned or had an interest in 768 million square feet of logistics real estate across 19 different countries, including the U.S. Over the five years that ended in 2018, Prologis generated core FFO growth of 9%, 400 basis points higher than the S&P 500 and 200 basis points higher than REITs as a whole. Like most ESG-focused companies, sound financials and stock performance are the byproducts of caring about things besides making a buck. As a result, PLD has achieved a lot of firsts in its industry including being the first logistics real estate company to issue green bonds on a global basis.The company's sustainability objectives include making its buildings as energy efficient as possible. To that end, 82% of its operating portfolio has efficient lighting with 40% of them operating cool roofs to reduce energy consumption. Perhaps that's why it's received 304 sustainable building certifications covering 112 million square feet. And I'm sure there are more on the way. * The 10 Best Stocks to Buy for the Bull Market's Anniversary E-commerce sometimes gets a dirty name for adding to the carbon footprint, but Prologis is doing its part to reverse the tide. That's great news if you own PLD stock. Stocks to Buy: Telus (TU)I couldn't help but save the best for last. I say this because Telus (NYSE:TU) is based in Vancouver and I'm Canadian. However, on a serious note, as telecom companies go, TU is a good one. It, too, makes Sustainability Analytics' top 30. Before getting into the ESG aspects of its business, I'm a fan of Telus stock because it's one of the few pure-play telecom companies left in North America, devoted entirely to wireless and broadband with no media interests to get in the way and slow profits. Verizon (NYSE:VZ) could take a hint. Telus has been a big proponent of sustainability for some years. Here's what one of its CSR analysts said in a 2013 company blog post:"The true essence of sustainability is to ensure future generations have what they need. Unless we 'make the sustainability case' hand in glove with the business case, we can't truly be sustainable. I'd say that this is key for us to make change beyond our borders," wrote Dom Repta. "While many people in business truly want to do something, they are challenged to know how to do so when they work within a conventional return on investment model."Actions speak louder than words. In 2018, Telus was named by Montreal-based non-profit The Finance and Sustainability Initiative as having the best sustainability rating in the Canadian technology and communications sector. Companies like Telus are recognized for having weaved ESG into their financial and investment practices. If you want to own a safe telecom company with an excellent yield to boot, Telus is your play. As of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy Under 15x Earnings * 7 Dark Horse Stocks That Deserve Your Attention in 2019 * 5 Disruptive Technologies That Are Moving Too Fast Compare Brokers The post 7 Stocks to Buy With High ESG Momentum appeared first on InvestorPlace.
- Markit•8 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 negative * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for ES with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ES. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold ES had net inflows of $4.35 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. ES credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative 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.
- Zacks•12 days ago
American Water's Unit Acquires Charlestown Water for $13.4M
American Water (AWK) continues to expand its footprint across the United States through systematic acquisitions and investments to strengthen its existing assets.
- Simply Wall St.•15 days ago
Should You Be Worried About Insider Transactions At Eversource Energy (NYSE:ES)?
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also plenty of examples of share prices declining precipitously after insidersRead More...
- Reuters•20 days ago
India's Eversource, NIIF join hands with UK's CDC Group in green push
Eversource Capital along with National Investment and Infrastructure Fund (NIIF) of India have partnered with the UK government's CDC Group to invest a cumulative $330 million in CDC's Ayana Renewable Power platform, the three said in a joint statement on Thursday. Ayana was launched to develop utility scale solar and wind generation projects across growth states in India. It is currently constructing 500 megawatt of solar generation capacity with a strong future pipeline of renewable energy opportunities, the statement said.
- Thomson Reuters StreetEvents•22 days ago
Edited Transcript of ES earnings conference call or presentation 21-Feb-19 2:00pm GMT
Q4 2018 Eversource Energy Earnings Call
- Bloomberg•26 days ago
Group Requests Ethics Inquiry Into Interior Officials
Under rules issued by Trump in January 2017, administration appointees are barred from participating for two years in particular matters with former employers or clients. Among the officials named in the complaint are Assistant Secretary for Insular and International Affairs Doug Domenech, Senior Deputy for Intergovernmental and External Affairs Benjamin Cassidy, and Vincent DeVito, former counselor to the secretary for energy policy who now works for Cox Oil Offshore LLC. The complaint alleges that all six officials participated in meetings with groups they worked for within two years of their appointments. Timothy Williams, deputy director of the Office of Intergovernmental and External Affairs took part in a video conference with his former employer, Americans for Prosperity, to discuss shared priorities.
- American City Business Journals•26 days ago
Eversource nears solar milestone
Eversource is on track to deliver 62 megawatts of carbon-free, renewable energy to Massachusetts residents and businesses.
Motley Fool•26 days agoEversource Energy (ES) Q4 2018 Earnings Conference Call Transcript
ES earnings call for the period ending December 31, 2018.
- Zacks•27 days ago
Eversource Energy (ES) Misses on Q4 Earnings, Beats Revenues
Although Eversource Energy's (ES) fourth-quarter earnings and revenues lag estimates, the company distributes higher volumes of natural gas in the reported quarter.
- ACCESSWIRE•27 days ago
Eversource Energy to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / February 21, 2019 / Eversource Energy (NYSE: ES ) will be discussing their earnings results in their 2018 Fourth Quarter Earnings to be held on February 21, 2019 at 9:00:00 ...
- Zacks•27 days ago
Eversource Energy (ES) Q4 Earnings Lag Estimates
Eversource (ES) delivered earnings and revenue surprises of -2.67% and 11.91%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
- Associated Press•27 days ago
Eversource: 4Q Earnings Snapshot
On a per-share basis, the Springfield, Massachusetts-based company said it had profit of 73 cents. The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by ...
- Business Wire•27 days ago
Eversource Energy Reports Full Year 2018 Results
Eversource Energy today reported full-year 2018 earnings of $1.033 billion, or $3.25 per share, compared with earnings of $988 million, or $3.11 per share, in 2017. Full-year 2018 results include two items from the third quarter disclosed previously – a charge of $26 million, or $0.08 per share, associated with Eversource Energy’s investment in a natural gas pipeline project, and non-recurring tax ...
- Zacks•27 days ago
Solid Prospects for Water Utility Stocks Amid Aging Assets
Solid Prospects for Water Utility Stocks Amid Aging Assets
- Simply Wall St.•29 days ago
What Kind Of Investor Owns Most Of Eversource Energy (NYSE:ES)?
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! A look at the shareholders of Eversource Energy (NYSE:ES) canRead More...
- Zacks•29 days ago
Eversource Energy (ES) to Report Q4 Earnings: What in Store?
Eversource Energy (ES) will likely gain from new rates and water distribution segment's contribution when it reports fourth-quarter earnings on Feb 21.
- Reuters•last month
Equinor, 3 JVs vie for offshore wind power park in New York
New York State said on Thursday it had received proposals from Norway's Equinor and three joint ventures to build its first offshore wind power park of at least 800-megawatt capacity. New York state closed bidding https://on.ny.gov/2E54m5q for the park on Thursday, a part of its push to increase renewable energy production, and will choose a supplier in the spring.
- Reuters•last month
Three companies bids to supply New York with offshore wind power
Norway's Equinor ASA and a joint venture of Danish Orsted and Eversource Energy have submitted bids to supply offshore wind power to the New York State, the companies said on Thursday. New York state closed bidding https://on.ny.gov/2E54m5q on Thursday to provide 800-megawatts of offshore wind and will choose a supplier in the spring. If Equinor wins the bid, it will likely provide the power by developing a wind farm on 80,000 acres south of Long Island it won in a U.S. federal auction in 2016, with a potential capacity of up to 2 gigawatt (GW) offshore wind power.
- Reuters•last month
Orsted, Eversource Energy bid to supply New York offshore wind power
Denmark's Orsted and U.S.-based Eversource Energy have submitted a joint bid to build a wind farm offshore of New York state, the companies said on Thursday. The bid comes in response to New York's first solicitation to procure 800 megawatts of offshore wind power, with the state expected to choose the supplier in spring.
- Zacks•last month
Eversource Energy (ES) Q4 Earnings Preview: What's in the Cards?
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.
- Business Wire•last month
Eversource Energy to Discuss Fourth Quarter Results
Eversource Energy will webcast a conference call with financial analysts on Thursday, February 21, 2019, beginning at 9 a.m. Eastern Time, at which senior management will discuss the company's financial performance through the fourth quarter of 2018.
- Business Wire•last month
Eversource Energy Raises Common Dividend By 6%
The Board of Trustees of Eversource Energy (ES) today approved a quarterly dividend of $0.535 per share, payable on March 29, 2019, to shareholders of record as of the close of business on March 5, 2019. The March 2019 dividend represents an approximately 6 percent increase over the previous quarterly dividend level. “This increase illustrates the long-term soundness of our strategy to grow our business at an attractive rate through operational excellence, financial strength and meeting the rising clean energy needs of New England energy consumers,” said Jim Judge, chairman, president and chief executive officer of Eversource Energy.
- GuruFocus.com•last month
Mario Gabelli's Gabelli Utilities Fund 4th Quarter Commentary
Discussion of markets and holdings
