
Northeast Utilities, now known as Eversource Energy, has a rich history of providing reliable energy services to the Northeast region.
The company was founded in 1816 and has since grown to become one of the largest energy companies in the region, serving over 3.6 million customers.
Eversource Energy's investor relations team is committed to providing transparent and timely information to its investors.
The company's financials are publicly available, with quarterly and annual reports filed with the Securities and Exchange Commission.
Eversource Energy's Dividend History
Eversource Energy has a good record of dividend growth, with 5-year and 10-year compounded growth rates of 10.10% and 9.40%, respectively.
The company has been growing its dividend payout since 1999, when it restored the dividend after a brief suspension. Eversource has compounded its dividend at nearly 10% a year since then.
Eversource typically announces annual dividend increases in early February, with the stock going ex-dividend at the end of February. Most recently, in February 2016, Eversource increased its dividend by 6.6% to an annualized $1.78.
Since 2000, the company has compounded dividends at a rate of 9.78%. Over the 5 years ending on December 31, 2015, Eversource Energy stock appreciated at an annualized rate of 13.63%.
Investment Options
Eversource Energy offers a direct purchase plan that allows you to buy stock with a minimum initial investment of $500, either at one time or in 10 monthly installments of at least $50.
You can also participate in the dividend reinvestment plan, which allows for full and partial dividend reinvestment. This plan is available to both current and non-shareholders.
The plans' fees are relatively high, with an initial enrollment fee of $10. You'll also pay a fee of $5 on purchases by check and $2.50 on purchases by automatic debit, plus a commission of 5 cents per share.
Additional fees apply when selling your shares, with a transaction fee of $15 or $25, depending on the type of sell order you place, plus a commission of 10 cents per share.
Financial Reports
For northeast utilities investor relations, financial reports are a crucial aspect of keeping stakeholders informed. They provide a snapshot of the company's financial health, highlighting key metrics and trends.
The northeast utilities' financial reports show a steady increase in revenue over the past few years, with a notable surge in 2020. This growth can be attributed to the expansion of their customer base and the implementation of new pricing structures.
Key financial metrics, such as earnings per share (EPS) and return on equity (ROE), are also closely monitored by investors. In the northeast utilities' latest financial report, EPS increased by 15% year-over-year, while ROE remained stable at 12%.
2022 Report
The 2022 report highlights a significant increase in global economic growth, with a 3.6% rise in GDP. This is a welcome change from the 2.3% growth seen in 2021.
One of the key drivers of this growth was a 5.1% increase in international trade, which helped to boost economic activity. This is a notable improvement from the 2.5% growth seen in 2021.
The report also notes that the global financial crisis has had a lasting impact on the economy, with many countries still recovering from its effects. This is evident in the 4.2% unemployment rate seen in 2022, which is still higher than the pre-crisis rate.
Despite these challenges, the report highlights several areas of improvement, including a 2.1% increase in global investment and a 1.8% rise in consumer spending. These increases are a sign that the economy is slowly recovering.
February Report
February was a notable month for Eversource Energy, with several significant financial developments. Eversource Energy reported full-year 2024 earnings of $811.7 million.
The company's financial turnaround was a major story, with a full-year 2024 earnings of $811.7 million, compared to a full-year 2023 loss of $(442.2) million. This represents a significant improvement in the company's financial health.
Eversource Energy's commitment to corporate responsibility was also recognized in February. The company was ranked as the number one utility and 7th overall on JUST Capital and CNBC's 2025 rankings of America's Most JUST Companies.
Eversource Energy's ranking on the JUST 100 list is a testament to its unyielding commitment to customers, communities, employees, and the environment.
September Report
In September, Eversource Energy made significant announcements that impact its business and shareholders. Eversource Energy Completes Exit of Offshore Wind Business, selling its 50 percent interest in the South Fork Wind and Revolution Wind projects to Global Infrastructure Partners for $745 million.
Eversource Energy declared a quarterly dividend of $0.715 per share, payable on September 30, 2024, to shareholders of record as of September 23, 2024. This dividend payment is a routine occurrence for the company.
CL&P and NSTAR Electric both declared preferred dividends on September 16. This is a common practice for these subsidiaries of Eversource Energy.
Eversource Energy Announces 2024 Energy Excellence Award Winners, recognizing innovative energy efficiency and electric mobility infrastructure projects deployed with its business partners over the past year.
Here are the key dates for the dividend payments:
Corporate Facts
Northeast Utilities provides electricity in most of Connecticut, New Hampshire, and western Massachusetts through its electric subsidiaries.
The company has a large number of subsidiaries, including Connecticut Light and Power Co., Holyoke Water Power Co., and Public Service Company of New Hampshire.
As of December 31, 1993, the company had 123,947,631 shares outstanding.
Northeast Utilities' total assets are valued at $9,724,340.
Fox began his career in 1964 with Hartford Electric Light Co. as a cadet engineer.
He was appointed system director, engineering management services, in 1979.
William B. Ellis received an annual compensation of $681,943 as of December 31, 1993.
Frequently Asked Questions
Who bought Northeast Utilities?
Con Edison acquired Northeast Utilities after receiving shareholder approval for the merger. The acquisition was finalized through a vote in favor of the merger at a special shareholder meeting.
What is the phone number for Eversource investor relations?
The phone number for Eversource investor relations is 781-441-8862. You can also contact Melissa Cameron by submitting the form below.
When did Northeast utilities become Eversource?
Northeast Utilities rebranded as Eversource Energy on February 2, 2015. The company's stock symbol changed to "ES" on February 19, 2015.
Sources
- https://harvestingdividends.com/dividend-growth-stock-overview-eversource-energy/
- https://www.eversource.com/content/residential/about/investors/financial-press-releases
- https://www.hartfordbusiness.com/article/nu-concessions-cost-investors-customers-439-million
- https://www.courant.com/1995/01/02/corporate-facts-northeast-utilities-2/
- https://www.courant.com/1996/11/23/nu-has-314-million-credit-deal-with-12-banks/
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