Eversource Energy’s Stock Price Drops to $61.31, Witnessing a 3.71% Decline

Eversource Energy (ES)

61.31 USD -2.36 (-3.71%) Volume: 2.2M

Discover Eversource Energy’s stock price currently at 61.31 USD, experiencing a trading session decline of -3.71% with a trading volume of 2.2M, alongside a year-to-date percentage change of -0.66%, reflecting its recent market performance.

Latest developments on Eversource Energy

Eversource Energy (NYSE:ES) has been making headlines recently with a series of key events leading up to today’s stock price movements. The company was recently initiated with a Sell equivalent rating by Jefferies due to regulatory and credit risks. Despite this bearish note, Eversource Energy has continued to outperform its competitors in the market. Additionally, Eversource Capital announced a new $1 billion fund that received a commitment from the US DFC, driving a major investment push for the company. As Eversource Energy edges closer to becoming a Dividend Aristocrat, the company also provided tips for energy savings during the holidays, showcasing its commitment to efficiency and sustainability.

Eversource Energy on Smartkarma

Analysts at Baptista Research on Smartkarma have provided varying perspectives on Eversource Energy‘s recent strategic moves. In their report titled “Eversource Energy: Can Its Approval & Integration of Advanced Metering Infrastructure (AMI) Be A Game Changer? – Major Drivers,” the analysts lean bullishly. They highlight Eversource Energy‘s shift towards a regulated utility model after divesting its offshore wind projects, focusing on electric, natural gas, and water services. On the contrary, in their report “Eversource Energy: A Bear’s Perspective! – Major Drivers,” the analysts also from Baptista Research express a more cautious view. They acknowledge the company’s progress in realigning towards core utility operations but emphasize the challenges and risks associated with this transition.

Furthermore, Baptista Research initiated coverage on Eversource Energy with a positive outlook in their report “Eversource Energy: Initiation of Coverage – What Is Its Core Business Strategy? – Major Drivers.” The analysts highlight the company’s positive first-quarter performance and steady transition towards a regulated utilities business. With a focus on safe and reliable energy solutions, Eversource Energy‘s earnings growth in segments like Electric Transmission and Natural Gas Distribution is seen as promising for achieving its projected EPS guidance. Overall, the analyst coverage on Smartkarma provides investors with valuable insights into Eversource Energy‘s strategic direction and financial performance.

A look at Eversource Energy Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Eversource Energy is showing a strong outlook in terms of value and dividend. With a high score in these areas, the company is likely to provide good returns for investors and maintain a stable dividend payout. However, the scores for growth, resilience, and momentum are lower, indicating some potential challenges in these areas for Eversource Energy.

Eversource Energy, a public utility holding company, primarily serves customers in Connecticut, New Hampshire, and western Massachusetts with retail electric service. Additionally, the company distributes natural gas in Connecticut. While the company’s high scores in value and dividend are positive indicators, the lower scores in growth, resilience, and momentum suggest that Eversource Energy may face some obstacles in these aspects in the long term.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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