eversource stock: Eversource Energy (ES) Guide

This guide explains eversource stock (ticker ES): where it trades, Eversource’s regulated utility businesses, financial and operational metrics, dividend history, regulatory drivers, risks, recent ...

2024-07-09 00:54:00

By Lily Wong

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Eversource Energy (ticker: ES)

This article covers eversource stock in detail for investors and beginners seeking a clear, sourced overview of the company, its shares, and the factors that affect valuation and shareholder returns.

In the first 100 words: eversource stock refers to common equity in Eversource Energy, a U.S.-based regulated utility holding company listed on the New York Stock Exchange under the ticker ES. This guide explains ticker details, core businesses, financials, dividends, regulatory drivers, analyst coverage, risks, and where to find official filings and quotes.

Ticker and trading identifiers

Primary ticker symbol: ES
Exchange listing: New York Stock Exchange (NYSE)
Common identifiers: CUSIP and ISIN are assigned for institutional reference (consult the company’s SEC filings or major data providers for the exact numbers).
Trading conventions: ES trades during regular U.S. equity hours (normal session) and also appears in extended hours quotes; liquidity is concentrated in regular session trading.
Typical quote sources: Yahoo Finance, Morningstar, CNBC, MarketWatch, and Reuters provide widely used real‑time and delayed quotes and historical charts.

As of 2024-06-01, per Yahoo Finance, eversource stock had market data regularly reported on those platforms, including market capitalization, average volume, and dividend yield; readers should check the latest data provider pages for time‑stamped figures.

Note: for trading execution and custody, consider exchanges and platforms that meet your regulatory, custodial and fee preferences. For users of Bitget services, Bitget provides listing and trading infrastructure to access U.S.-listed equities where available and compliant with regional regulations.

Company overview

Eversource Energy is a regulated utility holding company that delivers electricity, natural gas, and water services across parts of the Northeastern United States. The company operates primarily in Connecticut, Massachusetts, and New Hampshire.

Core features:

Regulated utility business model: Eversource operates under state regulatory frameworks that approve rates, capital programs, and allowed returns.
Customer base: residential, commercial, and industrial customers in its service territories — numbering millions of end customers across the three states.
Headquarters and founding: Eversource traces corporate lineage to Northeast Utilities; the company rebranded to Eversource Energy following corporate restructurings and mergers. The company is headquartered in the Northeastern U.S. (company filings list the official corporate address).
Role in regional grids: Eversource is a material operator within regional transmission organizations and interacts with regional grid operators on reliability, planning and transmission projects.

Eversource’s regulated utility model provides predictable cash flows driven largely by rate plans approved by state public utility commissions, tempered by capital spending cycles and regulatory decisions.

Business segments and operations

Eversource organizes operations around regulated electric, natural gas, and water services, along with non‑regulated or ancillary activities related to energy infrastructure.

Electric distribution and transmission

Eversource’s electric business includes both distribution and transmission operations.

Distribution: The company serves end customers through local distribution networks across designated service territories in Connecticut, Massachusetts and New Hampshire.
Transmission: Eversource owns and operates transmission lines that support reliability and interstate power flows in the region. The company coordinates with regional transmission operators to integrate generation and manage congestion.
Service territories: Eversource’s electric footprint is concentrated in population centers of New England; service territory specifics are detailed in company regulatory filings and customer maps.
Role in regional grids: Eversource participates in planning for capacity, transmission upgrades and interconnection for new resources, including renewables.

Natural gas distribution

Natural gas assets: Eversource manages distribution networks delivering natural gas to residential, commercial and industrial customers in its regulated territories.
Customer segmentation: The gas distribution business serves heating and process markets, with seasonality in volumes (higher in winter months) and rate structures set by state commissions.
Regulatory features: Gas rates, pipeline safety investments, and infrastructure modernization are subject to state oversight and rate cases.

Water distribution and other operations

Water utilities: Eversource expanded into water when acquiring certain regional water utilities as part of growth or portfolio diversification strategies. Water operations are regulated by state and local authorities with their own ratemaking frameworks.
Ancillary businesses: The company may have non‑regulated or minimally regulated businesses such as energy services or transmission project contracting in support of core utilities, though the bulk of earnings are typically from regulated operations.

Renewable energy and infrastructure initiatives

Eversource has prioritized renewable energy integration and infrastructure modernization as strategic initiatives.

Offshore wind partnerships and projects: Eversource has been involved in offshore wind projects and partnerships that aim to develop large‑scale renewable generation and associated transmission. These efforts can require multi‑year investments and regulatory approvals.
Grid modernization: Investment programs include distribution automation, smart grid technologies, undergrounding in storm‑prone areas, and enhanced outage management systems.
Capital investment programs: Eversource typically runs multi‑billion dollar capital spending plans over multi‑year periods to maintain reliability and meet regulatory and policy objectives for clean energy integration.

These initiatives affect long‑term growth prospects and capital needs, and they are frequently discussed in investor presentations and rate case testimony.

Corporate history and notable transactions

Early history and name changes: The company’s roots are in earlier regional utilities (Northeast Utilities and others). Northeast Utilities rebranded to Eversource Energy to reflect a broader energy services identity following consolidation of legacy companies.
Major acquisitions: In recent corporate history Eversource completed acquisitions to grow its customer base and diversify operations — notable transactions include purchases of regional utilities and water systems. Examples in public reporting include the acquisition of NStar (a Massachusetts utility) as part of regional consolidation, and the acquisition of Aquarion Water Company to expand water operations.
Divestitures and strategic changes: The company has at times sold or repositioned non‑core assets while focusing on regulated utility operations and strategic infrastructure investments.
Strategic initiatives: Eversource has invested in transmission expansion and offshore wind partnerships to align with state renewable goals.

These milestones are documented in the company’s annual reports, proxy statements and SEC filings and provide context for the current corporate structure and strategy.

Financial overview

This section outlines the common financial metrics and how analysts and investors evaluate eversource stock.

Key financial metrics

Investors commonly review these metrics for eversource stock:

Market capitalization: total equity market value.
Revenue: total operating revenue from electric, gas, water and other segments.
Net income: bottom‑line profitability after expenses, taxes and non‑operating items.
Earnings per share (EPS): GAAP or adjusted EPS is used to measure per‑share profitability.
Price-to-earnings (P/E) ratio: a valuation measure comparing price to EPS.
Dividend yield and payout: indicated annual dividend divided by share price; payout ratio relates distributions to earnings or cash flow.
Debt levels: long‑term debt and leverage metrics such as debt/EBITDA or debt/equity.
Free cash flow: operating cash flow minus capital expenditures, important for dividend coverage and capital programs.

Regulated utilities like Eversource are often evaluated on stable cash flows, dividend sustainability, and the ability to finance large capital programs at reasonable rates.

Recent financial performance

As of 2024-06-01, periodic quarterly and annual reports showed that eversource stock performance and investor perception are influenced by:

Revenue trends driven by rate cases, weather variability (affecting gas/energy usage) and customer growth.
Profitability and EPS comparisons with prior periods, often reflecting one‑time items or regulatory adjustments.
Cash flow dynamics as capital spending increases for transmission, distribution and renewables projects.

Investors track quarterly 10‑Q releases and the annual 10‑K for comprehensive reconciliations, segment disclosures and management’s discussion and analysis that explain near‑term drivers.

Balance sheet and capital structure

Leverage: Utilities typically carry meaningful regulated utility debt used to finance infrastructure. Long‑term debt is a central part of capital structure.
Liquidity: Cash, short‑term investments and committed credit facilities are disclosed in filings and are important to cover working capital and near‑term maturities.
Financing implications: Because regulated returns and rate case outcomes influence allowed returns, utility companies often secure long‑term debt and equity financing aligned with multi‑year capital programs.

Eversource’s balance sheet metrics and credit ratings are regularly discussed in investor presentations and rating agency reports, and they inform cost of capital assumptions used by regulators and the market.

Dividends and shareholder returns

Eversource has historically been characterized as a dividend‑paying utility. Key points:

Dividend policy: The company targets consistent dividend payments, often with gradual growth over time aligned with cash flow and rate case outcomes.
Dividend history: Eversource has a record of regular quarterly dividends; the company’s dividend growth and payout consistency are important to income-focused investors.
Dividend reinvestment plan (DRIP): Many utilities offer DRIPs through transfer agents, allowing shareholders to reinvest dividends into additional shares; check company investor relations for availability and plan terms.
Dividend yield: Yield varies with share price; investors monitor yield relative to peers and credit metrics to assess sustainability.

Dividend performance is examined alongside earnings coverage and free cash flow to understand how durable distributions are, especially during high capital spending cycles.

Stock performance and market data

This section covers how eversource stock has performed historically and the trading metrics investors use.

Historical price performance

Long‑term trend: Over multi‑year horizons, regulated utilities like Eversource often show steady, dividend‑augmented returns with less volatility than the broader market, though they can lag or lead depending on interest rate cycles and regulatory outcomes.
Notable periods: Utility stocks can underperform in rising interest rate periods and outperform in stable or declining rate environments; company‑specific events (large project announcements, regulatory setbacks, acquisitions) also drive stock moves.
Volatility: Eversource stock generally exhibits lower volatility relative to growth equities, but it is not immune to short‑term swings around earnings, rate cases or macroeconomic shifts.

Trading statistics

Key market liquidity and sentiment indicators include:

Average daily volume: Tracks liquidity and how easily shares trade.
Shares outstanding and public float: Used to calculate market capitalization and for ownership analysis.
Short interest: Indicates the portion of shares sold short and can reflect market sentiment.

As of 2024-06-01, major quote providers routinely published these trading statistics for eversource stock; consult those time‑stamped data pages for precise figures.

Valuation commentary

Common valuation comparisons for eversource stock include:

P/E ratio: Versus peers in the regulated utility sector.
Price/Book and Price/Sales: Useful for cross‑company comparisons where regulatory asset bases differ.

Analysts interpret valuation metrics in the context of allowed returns, growth in rate base from capital programs, and relative credit quality. Because utilities reinvest capital and have regulated returns, valuation multiples often trade within a narrower band relative to the market, and deviations are explained by growth expectations, regulatory risk and financing cost outlooks.

Analyst coverage and investor sentiment

Coverage: Eversource is typically covered by multiple sell‑side equity analysts and independent research platforms that publish earnings estimates, fair‑value ranges and commentary.
Consensus ratings: Analyst consensus ratings can range from buy/hold/sell, often converging to hold/buy given the utility profile, but ratings shift with rate case outcomes, capital spending surprises or macro adjustments.
Themes: Analysts commonly cite regulatory risk, the pace and cost of capital spending, offshore wind and renewables exposure, and balance sheet leverage as primary themes in coverage of eversource stock.

Investor sentiment is also tracked through institutional repositioning, ETF inclusion and short interest changes.

Major shareholders and ownership

Institutional investors: Large mutual funds, pension funds and asset managers commonly hold stakes in regulated utilities, including Eversource. Institutional ownership percentages are reported in proxy statements and data providers.
Insider holdings: Officers and directors may hold shares whose levels are disclosed in proxy filings.
ETF ownership: Eversource is often included in utility sector ETFs and dividend or income‑focused ETFs; such ETFs can be sizable holders and influence passive flows into or out of the stock.

For the most current ownership tables, consult the company’s proxy statement and major data platforms that list top institutional holders and ETF ownership.

Regulatory environment and rate proceedings

Regulation is the central driver of revenue and returns for eversource stock.

State regulatory decisions: Connecticut, Massachusetts and New Hampshire public utility commissions determine allowed rate design, capital recovery, and often the allowed return on equity for utility rate bases.
Rate cases: Periodic rate cases adjust customer rates to recover prudently incurred costs and to allow companies to earn returns on approved investments. Outcomes materially affect revenue and investor cash flows.
Allowed returns on equity (ROE): The ROE established by commissions affects profitability and the allowed cost of capital. Regulators balance consumer interests against the need for utilities to attract capital.
Energy policy: State and regional clean energy mandates, grid modernization requirements, and offshore wind procurements create investment opportunities but also increase capital demands.

Regulatory risk includes timing and scope of approvals, disallowances, and contested positions in rate proceedings — all of which can affect the outlook for eversource stock.

Risks and controversies

Principal investment and operational risks that affect eversource stock include:

Regulatory risk: Unfavorable rate case outcomes, lower allowed ROEs, or regulatory disallowances can reduce revenue and earnings.
Leverage and maturities: Elevated debt levels or near‑term debt maturities increase refinancing risk, particularly if credit spreads widen.
Execution risk: Large capital programs (for transmission upgrades or offshore wind) carry execution and cost‑overrun risks that can pressure cash flow.
Commodity exposure: While regulated distribution businesses have limited direct commodity market exposure, gas procurement, pass‑through fuel costs, and unregulated activities could carry some sensitivity.
Reputation and legal risk: Outages, safety incidents, environmental liabilities, or litigation can result in fines and reputational damage.

Eversource discloses known risks in its SEC filings; investors should read the risk factors in the most recent Form 10‑K for comprehensive disclosures.

Recent developments (newsworthy items)

Framework for documenting newsworthy items for eversource stock:

Earnings releases: Quarterly and annual results, guidance updates and conference call transcripts.
SEC filings: 10‑K (annual) and 10‑Q (quarterly) filings contain audited financials and management discussion.
Strategic announcements: Large capital projects, partnerships (including offshore wind), acquisitions or divestitures.
Executive changes: CEO/CFO or other key management appointments or departures.
Material research: Major analyst reports or rating agency updates.

As of 2024-06-01, eversource stock updates were routinely reflected in the company’s investor relations news releases and in major financial outlets; when noting developments, always include a date and source (for example: “As of 2024-06-01, per the company’s Form 10‑Q, management updated guidance for capital expenditures”).

Investor relations and filings

Investors should rely on official resources for authoritative information about eversource stock:

Company investor relations: for press releases, investor presentations, dividend notices and webcast replays.
SEC filings: 10‑K, 10‑Q, 8‑K and proxy statements (Form DEF 14A) contain audited data, material developments, and governance details.
Transfer agent and dividend information: for dividend payment dates, DRIP enrollment and shareholder services.

When reviewing filings, note the filing date and the reporting period; historical context and forward guidance are best interpreted with the full filing documents.

Comparative peers and ETFs

Common peers for benchmarking eversource stock include other large U.S. regulated utilities and diversified energy companies such as NextEra Energy, Xcel Energy, Dominion Energy and Consolidated Edison.

ETFs and indexes: Eversource is often included in utility sector ETFs, dividend income ETFs, and broader U.S. large‑cap indexes that track utility weights. These ETFs can provide passive exposure and serve as comparative performance benchmarks.

References

This article is grounded in publicly available and verifiable sources. For price and market data, consult major financial data providers and the company’s filings.

Company SEC filings (10‑K, 10‑Q, 8‑K) and investor presentations (for audited financials, capital programs and official disclosures).
Financial news and data providers: Yahoo Finance, Morningstar, CNBC, MarketWatch, Reuters, Seeking Alpha and Barron’s for market commentary and quotes.

As of 2024-06-01, market data and coverage for eversource stock were available across these sources; always note the date and data provider when citing numerical market data.

External links (resource names — no URLs provided)

Eversource Energy investor relations page (search via your preferred browser or the company’s official site).
SEC EDGAR database (search for Eversource Energy filings by company name or ticker ES).
Yahoo Finance: ES quote page (for market cap, volume, dividend yield and historical charts).
Morningstar: ES company overview and rating.
Major financial news outlets (CNBC, Reuters, MarketWatch) for coverage and breaking news.

Notes on scope and sourcing

This article is constructed to rely on verifiable, time‑stamped sources such as SEC filings and major financial data providers for figures and statements.
Market data (price, market cap, yield) is time‑sensitive; always check the quoted provider page and note the timestamp when using any numerical metric.
The content above is neutral, informational and not investment advice. Readers should consult company filings and licensed advisors for personal investment decisions.

Additional practical guidance for readers

Where to find up‑to‑date quotes: use the financial data providers named above and check the timestamp on each page.
How to follow regulatory news: subscribe to state public utility commission dockets (Connecticut, Massachusetts, New Hampshire) and the company’s filings for rate case schedules and testimony filings.
Monitoring dividends and DRIP availability: review the company’s investor relations dividend notices and the transfer agent materials for enrollment instructions.

Further explore eversource stock by reading the latest Form 10‑K (annual) and recent 10‑Qs, comparing peer valuation metrics in sector reports, and following developments in state energy policy that affect allowed returns and capital programs.

Actionable next steps: To monitor eversource stock in real time, check your preferred quote provider and official filings. For trading access and a regulated platform, consider using Bitget’s trading services where available and compliant; for custody and on‑chain wallet needs, consider Bitget Wallet for Web3 interactions.

As of 2024-06-01, per Yahoo Finance, eversource stock continued to be widely covered by analysts and the company’s filings provided the authoritative disclosure for financial and operational metrics. For the most current numerical data (market cap, average daily volume, dividend yield), consult the time‑stamped quote pages on financial data providers and the latest SEC filings.

This guide aims to give a structured, sourced overview of eversource stock, its regulatory and financial context, and where to find the official documents and market data needed for informed analysis. Explore further resources and official filings to validate figures and dates before making any decisions.

The content above has been sourced from the internet and generated using AI. For high-quality content, please visit Bitget Academy.