Eversource Energy (ES) stock has ETF power on the bulls and bears side of the market. Notably, ES shares have surpassed the 5% yield mark, earning a spot among America's Most Responsible Companies six years in a row, despite underperforming relative to the S&P 500. The energy company has outperformed competitors even on loss days and has beat Q3 earnings and revenue estimates. Meanwhile, the decentralization of ownership shows strong institutional backing, with 83% ownership and sales from XTX Topco and Franklin Resources. ES has stood as an undervalued solid power utility stock with its shares offering more than what's seemingly apparent. Regulatory reliance and strategic divestments are noteworthy factors in the company's operations. Eversource Energy's transition to being a dividend aristocrat is notable, with the recent declarations of common and $0.715 dividends. However, news about the company being downgraded and selling off have emerged. Nevertheless, ES has been noted for its sustained growth in renewable energy, leveraging for increased or stagnant prices, grid modernization pursuits and responsible position in clean energy. Notably, ES' stock performance has not yet recovered from the three-year loss despite a strong recent week.
Eversource Energy ES News Analytics from Tue, 16 Apr 2024 07:00:00 GMT to Thu, 19 Dec 2024 22:12:00 GMT -
Rating 3
- Innovation 4
- Information 6
- Rumor -5
