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.
infoEversource Energy is a large cap stock with a total market cap of 22.39B.
infoThey trade on the NYSE and had their IPO 50 years and 6 months ago.
infoEversource Energy currently employs 10000 people.
infoAs of Wednesday, Aug 23 2023, Eversource Energy’s share price is $64.13.
News Relating to Eversource Energy
InvestorPlace
The 7 Best Reddit Stocks to Buy Now
Tuesday Aug 15 2023 at 06:26
Reddit, often touted as “the front page of the internet,” has effectively evolved into a bustling hub for stock market enthusiasts. Several investing subreddits stand out among the various forums it offers, drawing in millions with their rich discussions on different market trends and predictions.
Zacks Investment Research
Eversource Energy (ES) Starts Drilling for a Geothermal Project
Monday Aug 14 2023 at 10:54
Eversource Energy (ES) begins drilling for a geothermal project in Framingham, MA. This will connect 140 customers across nearly 40 buildings.
Seeking Alpha
Eversource Energy (ES) Q2 2023 Earnings Call Transcript
Tuesday Aug 01 2023 at 13:34
Eversource Energy (NYSE:ES ) Q2 2023 Earnings Conference Call August 1, 2023 9:00 AM ET Company Participants Robert Becker – Investor Relations Director Joe Nolan – Chairman, President and Chief Executive Officer John Moreira – Executive Vice President and Chief Financial Officer Conference Call Participants Shah Pourreza – Guggenheim Partners Steve Fleishman – Wolfe Research Durgesh Chopra – Evercore ISI David Arcaro – Morgan Stanley Andrew Weisel – Scotiabank Gregg Orrill – UBS Rich Sunderland – JPMorgan Anthony Crowdell – Mizuho Julien Dumoulin-Smith – Bank of America Operator Hello, everyone, and welcome to Eversource Energy’s Second Quarter 2023 Earnings Call. My name is Emily, and I’ll be coordinating your call today.
Zacks Investment Research
Eversource (ES) Q2 Earnings Beat Estimates, Revenues Up Y/Y
Tuesday Aug 01 2023 at 10:25
Eversource Energy’s (ES) Q2 earnings benefit from the higher level of investments and favorable regulatory decisions.
Zacks Investment Research
Eversource Energy (ES) Q2 Earnings Beat Estimates
Monday Jul 31 2023 at 19:24
Eversource Energy (ES) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.86 per share a year ago.
Reuters
Eversource Energy beats Q2 profit estimates on lower costs
Monday Jul 31 2023 at 18:01
Utility firm Eversource Energy beat Wall Street estimates for second-quarter profit on Monday, helped by lower costs and a favorable regulatory decision.
Zacks Investment Research
Eversource Energy (ES) to Post Q2 Earnings: What’s in Store?
Wednesday Jul 26 2023 at 08:40
Eversource Energy’s (ES) second-quarter 2023 results are expected to benefit from increased investments, though higher interest expense might negatively impact the same.
Seeking Alpha
Eversource Energy: A Solid Utility Selling At An Attractive Valuation
Wednesday Jul 12 2023 at 18:28
Eversource Energy is one of the largest utilities in the United States, serving a sizable portion of the highly-populated New England region. The company enjoys remarkably stable cash flows, which is something that could prove advantageous as the consumer and economy weaken. The company is positioned to deliver a 9% to 11% total average annual return over the next five years.
CNBC
Saudi Arabia is seeking collaboration not competition with China, energy minister says
Sunday Jun 11 2023 at 20:53
Saudi Arabia is seeking more cooperation with China on trade investments and energy flows rather than competing with it, said Saudi’s energy minister.
Market Watch
Too much debt coming due and not much cash on hand: These 10 companies face a rough year ahead
Thursday Jun 01 2023 at 15:29
Jefferies & Co. offered a list of the top 10 companies with low cash and high near-term debt maturities this week that it’s advising investors to avoid.
Zacks Investment Research
Eversource (ES) Gains From Investments in Infrastructure
Tuesday May 30 2023 at 08:54
Eversource Energy’s (ES) systematic capital expenditures and inorganic assets are likely to boost its earnings. However, rising interest expenses and failure of operating equipment are concerns.
Investopedia
Markets Jump on Debt Ceiling Optimism, More Positive AI News
Friday May 26 2023 at 16:55
Markets gain on Friday, May 26, 2023 on optimism about debt ceiling talks, more positive AI news
Reuters
Eversource Energy to sell stake in offshore wind site to JV partner Ørsted
Thursday May 25 2023 at 18:11
Eversource Energy on Thursday agreed to sell its 50% stake in a wind development site off the south coast of Massachusetts to joint venture partner Ørsted for $625 million in cash.
Reuters
Exclusive: Vanguard overcomes Republican challenge to US utility stakes
Monday May 08 2023 at 17:11
Vanguard Group, the largest provider of mutual funds, has secured regulatory approval to continue to own big stakes in U.S. power utilities, overcoming Republican concerns over its environmental, social and governance (ESG) policies.
Market Watch
International Consolidated Airlines lifts guidance after swinging to profit
Friday May 05 2023 at 03:41
International Consolidated Airlines Group said Friday it beat consensus as it reported a swing to operating profit for the first quarter, and raised its guidance for the year.
Zacks Investment Research
Eversource Energy (ES) Q1 Earnings & Sales Beat Estimates
Thursday May 04 2023 at 16:43
Eversource Energy’s (ES) first-quarter 2023 earnings are better than expected. The company continues to invest steadily to strengthen its operations.
Seeking Alpha
Eversource Energy (ES) Q1 2023 Earnings Call Transcript
Thursday May 04 2023 at 14:04
Eversource Energy (NYSE:ES ) Q1 2023 Earnings Conference Call May 4, 2023 9:00 PM ET Company Participants Joe Nolan – Chairman, President & CEO John Moreira – EVP & CFO Jay Buth – VP & Controller Bob Becker – Director, IR Jeff Kotkin – VP, IR Conference Call Participants Shahriar Pourreza – Guggenheim Partners Paul Patterson – Glenrock Associates Steve Fleishman – Wolfe Research Rich Sunderland – JPMorgan Paul Zimbardo – Bank of America Ryan Levine – Citigroup Travis Miller – Morningstar Operator Good morning, and thank you for attending today’s Eversource Energy First Quarter 2023 Earnings Call. My name is Jason, and I’ll be the moderator for today’s call.
Zacks Investment Research
Eversource Energy (ES) Q1 Earnings and Revenues Top Estimates
Wednesday May 03 2023 at 19:46
Eversource Energy (ES) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.36 per share. This compares to earnings of $1.30 per share a year ago.
Zacks Investment Research
Why Eversource Energy (ES) Might Surprise This Earnings Season
Tuesday May 02 2023 at 09:53
Eversource Energy (ES) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Zacks Investment Research
Eversource Energy (ES) to Post Q1 Earnings: What’s in Store?
Monday May 01 2023 at 07:37
Eversource Energy’s (ES) first-quarter 2023 results are expected to benefit from increased investments and implementation of new rates.
Seeking Alpha
Eversource Energy: Debt Concerns Result In A Good Entry Point For This 3.67%-Yielder
Thursday Mar 23 2023 at 16:24
Eversource Energy is a major utility serving most of New England. The company enjoys remarkably stable cash flows, which can be a real advantage today.
Seeking Alpha
24 Upcoming Dividend Increases
Thursday Feb 23 2023 at 16:33
All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 9.5% and a median increase of 6.5%.
Seeking Alpha
Walmart, Home Depot Among 15 Companies To Announce Dividend Increases In Second Half Of February
Sunday Feb 19 2023 at 20:50
When it comes to annual dividend increases, February is the highlight of the year. There were at least 27 dividend boosts that were announced from a wide variety of companies. Widely held companies 3M, PepsiCo, and Coca-Cola all boosted their dividends in the first half of the month, with Pepsi announcing a 10% increase.
Zacks Investment Research
Eversource Energy (ES) Q4 Earnings Miss Estimates, Sales Beat
Tuesday Feb 14 2023 at 15:03
Eversource Energy (ES) plans to invest $21.5 billion over the next five years to further strengthen its infrastructure.
Seeking Alpha
Eversource Energy (ES) Q4 2022 Earnings Call Transcript
Tuesday Feb 14 2023 at 14:08
Eversource Energy (NYSE:ES ) Q4 2022 Earnings Conference Call February 14, 2023 9:00 AM ET Company Participants Jeff Kotkin – Vice President, Investor Relations Joe Nolan – Chairman, President & Chief Executive Officer John Moreira – Executive Vice President & Chief Financial Officer Conference Call Participants Durgesh Chopra – Evercore Nick Campanella – Credit Suisse Angie Storozynski – Seaport Global Gregg Orrill – UBS Paul Patterson – Glenrock Ryan Levine – Citi Paul Zimbardo – Bank of America David Paz – Wolfe Travis Miller – Morningstar Operator Hello, everyone, and welcome to the Eversource Energy Q4 and Full Year 2022 Earnings Call. My name is Nadia, and I’ll be coordinating the call today.
Zacks Investment Research
Eversource Energy (ES) Lags Q4 Earnings Estimates
Monday Feb 13 2023 at 19:34
Eversource (ES) delivered earnings and revenue surprises of -2.13% and 13.68%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Zacks Investment Research
Eversource Energy (ES) to Report Q4 Earnings: What to Expect
Thursday Feb 09 2023 at 08:17
Eversource Energy (ES) fourth-quarter earnings are likely to have benefited from rate increases and acquisition, while increase in operation and maintenance expenses may offset some positives.
Business Wire
Eversource Energy Declares Dividend, Schedules Webcast to Discuss Fourth Quarter Results
Wednesday Feb 01 2023 at 16:00
HARTFORD, Conn. & BOSTON–( BUSINESS WIRE )–The Eversource Energy Board of Trustees declared a quarterly dividend of $0.675 per share, payable March 31, 2023, to shareholders of record as of March 2, 2023.
Seeking Alpha
3 Dividend Kings Among 22 Companies To Announce Annual Dividend Increases In First Half Of February
Sunday Jan 29 2023 at 20:33
There is a slew of dividend increases coming in February, including from dividend kings Genuine Parts, 3M, and PepsiCo in the first half of the month. Other popular stocks that traditionally announce annual increases in early February are Sherwin-Williams and Cisco.
Seeking Alpha
Eversource Energy: Strong Renewable Credentials Make For A Somewhat Pricey Stock
Monday Jan 09 2023 at 19:32
Eversource Energy is a large electric utility serving the heavily populated New England region. The company is positioned to provide investors with an 8% to 10% total return over the next three years.
Eversource Energy Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
Learn more at Investopediaopen_in_new
Eversource Energy’s Altman Z-score is 0.1 which is in the distress zone. This indicates a higher risk of financial distress and potential bankruptcy for the company. It can serve as a warning sign of significant financial challenges, requiring careful consideration by potential investors.
Derived from SEC.GOV filing dataopen_in_new
Eversource Energy Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
Learn more at Investopediaopen_in_new
Over the last 3 months, 1 insider has sold $963.79K of common stock in Eversource Energy on the stock market with no insider buying.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
Learn more at WallStreetPrepopen_in_new
Eversource Energy’s Income Quality of 1.78 is greater than its Industry Group of 1.44 (23.6% greater)
Eversource Energy’s Income Quality of 1.78 is greater than its Major Industry Group of 1.54 (15.6% greater)
Eversource Energy’s Income Quality of 1.78 is greater than its Sector of 1.39 (28.1% greater)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
Learn more at Investopediaopen_in_new
Eversource Energy’s Current Ratio of 0.64 is in line with its Industry Group of 0.7 (-8.6% lower)
Eversource Energy’s Current Ratio of 0.64 is lower than its Major Industry Group of 0.86 (-25.6% lower)
Eversource Energy’s Current Ratio of 0.64 is lower than its Sector of 1.18 (-45.8% lower)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
Learn more at Investopediaopen_in_new
Eversource Energy’s PE Ratio of 19.03 is greater than its Industry Group of 5.76 (230.4% greater)
Eversource Energy’s PE Ratio of 19.03 is greater than its Major Industry Group of 10.91 (74.4% greater)
Eversource Energy’s PE Ratio of 19.03 is greater than its Sector of 6.18 (207.9% greater)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
Learn more at Investopediaopen_in_new
Cannot compute a percentage difference when there are zeros in the calculation
Cannot compute a percentage difference when there are zeros in the calculation
Cannot compute a percentage difference when there are zeros in the calculation
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
Learn more at Investopediaopen_in_new
Cannot compute a percentage difference when there are zeros in the calculation
Cannot compute a percentage difference when there are zeros in the calculation
Cannot compute a percentage difference when there are zeros in the calculation
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Learn more at Investopediaopen_in_new
Cannot compute a percentage difference when there are zeros in the calculation
Cannot compute a percentage difference when there are zeros in the calculation
Cannot compute a percentage difference when there are zeros in the calculation
Derived from SEC.GOV filing dataopen_in_new