Eversource Energy, a leading utility company, has been underperforming in the past three years. Yet, strong revenue reports, increased electricity rates, and strategic investments in renewables have shown positive indicators. Wall Street analysts are varied, with some predicting the stock will climb while others rate ES as 'Underweight'. The company holds a considerable 4.6% yield, emerging as a top-ranked SAFE dividend stock, and is closing in on becoming a Dividend Aristocrat. Eversource has a strong institutional shareholder base owning 86% of the company. Further bullish news is the execution of a US$1.2 billion follow-on equity agreement. However, the company has faced regulatory developments and valuation concerns in recent times. JPMorgan and Scotiabank have downgraded the stock due to these issues and wind liability concerns. Regulatory risks pose challenges for Eversource however, it's trying to balance these with strategic financial measures. Future projections are cautiously optimistic since the demand for power is growing.
Eversource Energy ES News Analytics from Wed, 18 Sep 2024 07:00:00 GMT to Fri, 06 Jun 2025 19:28:27 GMT -
Rating 3
- Innovation 4
- Information 8
- Rumor -2
