ES Stock Recent News

The infrastructure sector is set for strong growth in the coming years. However, there are numerous attractive opportunities in the sector right now. I discuss five of them.

Long-term rates have risen, creating potential buying opportunities for utilities like AEP, AWK, AWR, BKH, ES, EVRG, SJW, WEC, WTRG, and XEL. These utilities have strong fundamentals, attractive valuations, and investment-grade balance sheets, offering potential total returns of 20% to 56% by 2025. Despite rate sensitivity, these utilities are well-positioned for long-term growth with secure dividends and robust balance sheets.

BOSTON--(BUSINESS WIRE)--With a focus on helping to enable Massachusetts' unprecedented clean energy transition while ensuring safe, reliable service for customers across New England, Eversource has acquired a 26-acre portion of the Mystic property from Constellation Energy. Eversource has not developed specific plans for the site at this time, but its strategic location, historic use, and existing infrastructure uniquely position it as a potential multi-use energy interconnection hub for large.

HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--For the sixth year in a row, Eversource Energy (NYSE: ES) has again been recognized by Newsweek and Statista Inc. as one of America's Most Responsible Companies for 2025. The prestigious award highlights the energy company's excellence in environmental, social, and corporate governance (ESG) initiatives – reaffirming Eversource's steadfast commitment to sustainability throughout its operations and a workplace culture that deeply embraces the values of.

Eversource Energy, an American utility holding company, is now a $24 billion (by market cap) major utility player. ES has increased its dividend for 26 consecutive years, with a 10-year dividend growth rate of 6.3%. Eversource Energy moved its revenue from $7.7 billion in FY 2014 to $11.9 billion in FY 2023, a compound annual growth rate of 5%.

HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource Energy will webcast a conference call with financial analysts on Tuesday, November 5, 2024, beginning at 9 a.m. Eastern Time, at which senior management will review the company's financial performance through the third quarter of 2024. This listen-only, live audio presentation will be accessible from the Investors section of the Eversource website at https://www.eversource.com/content/general/residential/about/investors/presentations-webcast.

ES' systematic capital investment plans and expansion of renewable operations should further improve its overall performance.

BOSTON & HARTFORD, Conn.--(BUSINESS WIRE)--Eversource Energy (NYSE: ES) today announced that it has completed the sale of its 50 percent interest in the 132-megawatt South Fork Wind project (South Fork Wind) and the 704-megawatt Revolution Wind project (Revolution Wind) to Global Infrastructure Partners (GIP). Adjusted gross proceeds from the transaction were $745 million. Adjusted gross proceeds from the sale were reduced by approximately $375 million as compared with the expected purchase pri.

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. Despite recent revenue declines, Eversource's operating income and EBITDA have shown promising growth, indicating stable performance amid a tough macro climate. The company's proactive approach includes substantial investments in new substations, electric distribution, and customer service modernization programs.

24/7 Wall St. Insights Interest rates are on the way lower, and dividend stocks are in favor.