The utility sector has seen a significant fluctuation, with Eversource Energy (ES) at the forefront. According to hedge funds, ES is among the top utility stocks to invest in, outperforming competitors, garnering a consensus rating of 'Hold' from analysts and being favored by institutional investors who own a considerable 84% stake. ES has made major moves by acquiring Mystic Property from Constellation and entering the renewable energy sector, underscoring its commitment to clean energy advancement. Even though the past three years haven't been profitable for ES investors, Wall Street remains bullish on the stock due to strategic investments and successful earnings quarters. This bullish sentiment has extended to online investors too, with Reddit users recommending this clean energy stock. In terms of dividends, Eversource Energy declared a dividend of $0.715, earning it a spot as one of America's most responsible companies despite a slight slump in the stock. The company seems poised for future growth and profitability due to their grid modernization ambition and strategic investments.
Eversource Energy ES News Analytics from Mon, 26 Feb 2024 15:23:17 GMT to Thu, 09 Jan 2025 19:44:40 GMT - Rating 5 - Innovation 6 - Information 7 - Rumor -3
