The Board of Trustees of Eversource Energy (NYSEES) today approved a quarterly dividend of $0.7525 per share, payable on March 31, 2025, to shareholders of record as of the close of business on March 4, 2025.

This article will examine Eversource’s business model, growth prospects, and whether we are currently rating the stock as a buy, sell, or hold.

Eversource, along with representatives from BXP, community partners and state and local officials, today broke ground on construction of the Greater Cambridge Energy Program (GCEP), a first-of-its-kind transmission initiative to address the increased electric demand in the region, enhance the resiliency of the transmission system, and ensure a flexible grid to reliably serve customers while supporting electrification and decarbonization goals. The innovative project will also enable the interconnection of more new clean energy resources to support additional electric supply and increase the grid’s capacity as electrification continues to grow and more customers adopt clean technologies like EVs and heat pumps in the coming years.

Eversource to sell Aquarion Water for $2.4B to reduce debt and reinvest in core businesses. EPS growth target reaffirmed.

Eversource Energy (NYSEES) (“Eversource”) today announced that it has entered into a definitive agreement to sell Aquarion Water Company (“Aquarion”) to the Aquarion Water Authority (“AWA”), a quasi-public corporation and political subdivision of the State of Connecticut and a standalone, newly created water authority alongside the South Central Connecticut Regional Water Authority (“RWA”). Subject to certain closing adjustments, the aggregate enterprise value of the sale is approximately $2.4 billion, which includes approximately $1.6 billion in cash and $800 million of net debt that will be extinguished at closing. The aggregate value represents 1.7X rate base at December 2024. The proceeds from the sale will enable Eversource to pay down parent company debt while efficiently reinvesting capital into its core electric and natural gas businesses, enabling additional investments in reliability for customers and strengthening Eversource’s financial position. As a result of this transaction, Eversource expects to record a loss on the planned sale of Aquarion of approximately $300 million in its results for the fourth quarter of 2024. This loss on sale includes approximately $140 million of estimated income tax expense. Eversource reaffirms its long-term EPS growth target of between 5% and 7% through 2028.

HARTFORD, Conn. and BOSTON, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Eversource Energy will webcast a conference call with financial analysts on Wednesday, February 12, 2025, beginning at 9 a.m. Eastern Time, at which senior management will review the company’s financial performance through 2024.

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Eversource today announced the energization of the Sudbury to Hudson Transmission Reliability Project, which marks the completion of Eversource and National Grid’s Greater Boston and New Hampshire Solution to strengthen the resiliency of the region’s electric transmission system against extreme weather and improve reliability for customers. Sudbury to Hudson in eastern Massachusetts was the final project completed in a suite of 50 projects included in the broader regional suite of projects, which ISO New England selected as a preferred solution to enhance regional electric reliability, increase the capacity of the system and provide more grid flexibility during emergency events. Other major projects in the solution included the Merrimack Valley Reliability Project, Woburn to Wakefield, and Mystic to Woburn.

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Eversource Energy acquires 26-acre Mystic property from Constellation to enhance New England's clean energy infrastructure and grid reliability.

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-scale renewable energy sources – including onshore or offshore wind, hydro, battery storage and nuclear among others – with the capacity to support electrification and meet the reliability needs for major energy users in the region. Over the coming year, Eversource will collaborate closely with Massachusetts and Everett officials and other stakeholders to develop a plan for the property, which is adjacent to the site of the proposed soccer stadium in Everett, to improve electric reliability in New England while also helping to advance Massachusetts’ electrification and decarbonization goals.

For the sixth year in a row, Eversource Energy (NYSEES) 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 corporate and social responsibility.

The Board of Trustees of Eversource Energy (NYSEES) today approved a quarterly dividend of $0.715 per share, payable on December 31, 2024, to shareholders of record as of the close of business on December 18, 2024.

In recognition of its local collaboration, commitment to modernizing the electric system and support of clean energy goals, Eversource and its local partner BXP have been selected to receive a 2024 Cambridge Chamber of Commerce Annual Visionary Award for their partnership on the innovative Greater Cambridge Energy Program (GCEP), which includes the development of a first-of-its-kind underground electrical substation. The Visionary Awards & Gala took place on November 21 at 5:30 p.m. at the Hyatt Regency Hotel.

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Eversource (NYSEES) has been awarded the “New York Project of the Year” from the Engineering News-Record (ENR) for its leading efforts building the onshore infrastructure for the South Fork Wind project, the first commercial scale offshore wind project in the United States.

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Eversource Energy (NYSEES) today reported a loss of $(118.1) million, or $(0.33) per share, for the third quarter of 2024, compared with earnings of $339.7 million, or $0.97 per share, for the third quarter of 2023. Eversource Energy earnings totaled $739.1 million, or $2.08 per share, in the first nine months of 2024, compared with earnings of $846.2 million, or $2.42 per share, in the first nine months of 2023. For non-GAAP recurring earnings, Eversource Energy earned $405.9 million1, or $1.13 per share1 in the third quarter of 2024, compared with earnings of $339.7 million, or $0.97 per share, for the third quarter of 2023. Non-GAAP recurring earnings totaled $1.26 billion1, or $3.56 per share1, in the first nine months of 2024, and $1.18 billion1, or $3.38 per share1, in the first nine months of 2023.

As a strong reinforcement of its position as an energy industry leader, Eversource (NYSEES) has been listed in TIME’s ranking of the World’s Best Companies in 2024 which was curated in collaboration with global research and data firm Statista. Ranked #396 overall out of 1,000 companies and the #1 U.S. utility, this recognition highlights the energy company’s exceptional performance in three key categories, including employee satisfaction, revenue growth and environmental, social and governance (ESG) metrics.

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.