Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas. The company operates regulated water utilities that provide water services to residential, commercial, industrial, municipal and fire protection, and other customers in Connecticut, Massachusetts, and New Hampshire. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy was incorporated in 1927 and is headquartered in Springfield, Massachusetts.
Financial Outlook | Analysts project EPS of $4.44 for 2024, with a price target range of $68-$70, as Eversource reaffirms 5-7% EPS growth through 2028 |
Project Delays | Delve into the implications of the Revolution Wind project postponement, including $300 million in delayed revenue and strategic partnerships |
Regulatory Headwinds | Explore Eversource's navigation of complex regulatory challenges, particularly in Connecticut, and their potential impact on growth and valuation |
Strategic Divestiture | Eversource's sale of Aquarion segment for $2.4 billion reshapes its portfolio, promising improved financial flexibility and focused operations |
Metrics to compare | ES | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipESPeersSector | |
---|---|---|---|---|
P/E Ratio | 26.9x | 19.2x | 12.1x | |
PEG Ratio | 0.10 | 3.95 | 0.02 | |
Price / Book | 1.5x | 1.8x | 1.3x | |
Price / LTM Sales | 1.8x | 3.0x | 1.5x | |
Upside (Analyst Target) | 21.8% | 7.9% | 15.6% | |
Fair Value Upside | Unlock | −13.4% | 5.4% | Unlock |