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Eversource Energy's stock symbol is ES, and it's listed on the New York Stock Exchange (NYSE). The company is a leading energy company in the Northeastern United States.
As of our last update, the Eversource Energy stock price was around $79 per share. This price can fluctuate based on market conditions and other factors.
Investors looking for a steady dividend can consider Eversource Energy, with a dividend yield of around 3.5%. This makes it an attractive option for income-seeking investors.
On a similar theme: Stock Price
Financial Performance
Eversource Energy's stock price has seen its fair share of ups and downs over the years. The current share price is US$58.23, with a 52-week high of US$69.01 and a 52-week low of US$52.71.
The stock's beta is 0.63, indicating a relatively stable investment. In the past year, the stock has changed by 5.57%, with a 3-year change of -34.93% and a 5-year change of -36.99%.
Here's a brief look at the company's financial performance over the past decade:
Third Quarter Results
Eversource Energy will be discussing its third quarter results in a webcast conference call on November 5, 2024, starting at 9 a.m. Eastern Time.
The conference call is scheduled to take place on a specific date and time, allowing analysts to review and discuss the company's financial performance.
Eversource Energy will provide a platform for financial analysts to engage with senior management and gain insights into the company's third quarter results.
The webcast will likely be an important event for investors and analysts who want to stay up-to-date on the company's financial progress.
Discover more: Energy Stocks
Price History & Performance
Eversource Energy's share price has seen significant fluctuations over the years, with a current price of $58.23.
The company's 52-week high was $69.01, which is 18.5% above the current share price, while the 52-week low was $52.71, 9.5% below the current price.
Eversource Energy's share price has been relatively stable in the past three months, with a 1.59% increase in the last month and a 5.57% increase over the past year.
Here's a breakdown of Eversource Energy's share price performance over the past 52 weeks:
Eversource Energy's share price has been affected by various market and economic factors over the years, resulting in a 250.26% increase since its IPO.
Investment Analysis
Eversource Energy is a solid power utility stock with a market cap of $24 billion. Its impressive dividend growth record has seen it increase its dividend for 26 consecutive years.
The company is expected to see 5-7% annual diluted EPS growth due to electrification and economic vibrancy in the region. This growth potential makes Eversource an attractive investment opportunity.
Eversource plans to invest $23.1 billion in its business, which should further boost its financial performance and dividend payments.
Explore further: What Is a Value Stock vs Growth
Undervalued Power Utility
Eversource Energy is a solid power utility stock that's undervalued. It's a $24 billion market cap company with a long history of consistent dividend growth, having increased its dividend for 26 consecutive years.
The company plans to invest $23.1 billion in its business, which should drive 5%-7% annual diluted EPS growth due to electrification and economic vibrancy in New England.
Eversource Energy is heavily investing in grid modernization to address aging infrastructure and support future energy needs, positioning itself for long-term resilience and growth in the utility sector.
The company's dividend is a key aspect of its appeal, with a quarterly dividend of $0.715 per share, payable on December 31, 2024.
Analysts are cautiously optimistic about the stock, with an average rating of "Hold" and a 12-month stock price forecast of $66.31, representing a 14.92% increase from the latest price.
Here's a summary of the key facts about Eversource Energy:
Risk Analysis
As you dive into investment analysis, it's essential to consider the potential risks involved. Interest payments are not well covered by earnings, which can be a major red flag for investors.
This can lead to financial strain on the company, making it difficult to meet its financial obligations. In the case of the company in question, its dividend of 4.91% is also not well covered by earnings or free cash flows.
This means that the company may struggle to maintain its dividend payments, which can be a concern for investors relying on income from their investments.
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Frequently Asked Questions
Will Eversource stock go back up?
Eversource stock is forecasted to potentially increase by 19.26% to $68.38 or more, with a highest target of $79.00, based on 13 analysts' predictions. However, actual stock performance may vary, and it's always a good idea to do your own research before making investment decisions.
Who is the transfer agent for Eversource Energy stock?
The transfer agent for Eversource Energy stock is Computershare Trust Company, NA, a global market leader in transfer agency services. They handle stock transfers, recordkeeping, and dividend payments for Eversource common stock.
What is eversource energy symbol?
The Eversource Energy stock symbol is ES. This symbol is used to identify the company's stock on various financial platforms and exchanges.
Is Eversource Energy a good stock to buy?
Eversource Energy has a consensus rating of Hold, but its average 12-month price target is $66.50, suggesting potential growth. Consider researching analyst opinions and market trends before making a decision.
What is the full form of ES stock?
The full form of ES stock is Eversource Energy, a leading American energy company providing electricity and natural gas services.
Sources
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