Declared Dividend • May 10
First quarter dividend of US$0.79 announced Shareholders will receive a dividend of US$0.79. Ex-date: 18th May 2026 Payment date: 30th June 2026 Dividend yield will be 4.6%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • May 08
Eversource Energy announces Quarterly dividend, payable on June 30, 2026 Eversource Energy announced Quarterly dividend of USD 0.7875 per share payable on June 30, 2026, ex-date on May 18, 2026 and record date on May 18, 2026. Buy Or Sell Opportunity • May 07
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at US$67.17. The fair value is estimated to be US$84.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 6.4% per annum over the same time period. Annonce • Apr 17
Eversource Energy to Report Q1, 2026 Results on May 06, 2026 Eversource Energy announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 06, 2026 Buy Or Sell Opportunity • Apr 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.4% to US$70.99. The fair value is estimated to be US$58.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period. Annonce • Mar 30
Eversource Energy, Annual General Meeting, May 06, 2026 Eversource Energy, Annual General Meeting, May 06, 2026. Location: ropes & gray llp, 800 boylston street, boston, massachusetts 02199, United States Upcoming Dividend • Feb 26
Upcoming dividend of US$0.79 per share Eligible shareholders must have bought the stock before 05 March 2026. Payment date: 31 March 2026. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 4.2%. Lower than top quartile of British dividend payers (5.3%). Higher than average of industry peers (3.7%). Reported Earnings • Feb 15
Full year 2025 earnings released: EPS: US$4.56 (vs US$2.27 in FY 2024) Full year 2025 results: EPS: US$4.56 (up from US$2.27 in FY 2024). Revenue: US$13.5b (up 14% from FY 2024). Net income: US$1.69b (up 109% from FY 2024). Profit margin: 13% (up from 6.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Annonce • Feb 13
Eversource Energy Provides Earnings Guidance for the Full Year of 2026 Eversource Energy provided earnings guidance for the full year of 2026. For the period, the company expects earnings is between $4.80 per share and $4.95 per share. Declared Dividend • Feb 01
Third quarter dividend increased to US$0.79 Dividend of US$0.79 is 4.7% higher than last year. Ex-date: 5th March 2026 Payment date: 31st March 2026 Dividend yield will be 4.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jan 28
Eversource Energy Approves Quarterly Dividend, Payable on March 31, 2026 The Board of Trustees of Eversource Energy approved a quarterly dividend of $0.7875 per share, payable on March 31, 2026, to shareholders of record as of the close of business on March 5, 2026. Annonce • Jan 23
Eversource Energy to Report Fiscal Year 2025 Results on Feb 12, 2026 Eversource Energy announced that they will report fiscal year 2025 results at 4:00 PM, US Eastern Standard Time on Feb 12, 2026 Declared Dividend • Dec 07
Third quarter dividend of US$0.75 announced Shareholders will receive a dividend of US$0.75. Ex-date: 17th December 2025 Payment date: 31st December 2025 Dividend yield will be 4.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (82% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Dec 06
Eversource Energy Announces Election of W. Robert “Bob” Mudge to Its Board of Trustees and Member of the Audit Committee and Finance and Risk Management Committee, Effective January 1, 2026 Eversource Energy announced the election of W. Robert “Bob” Mudge to its Board of Trustees effective January 1, 2026. Mudge was also appointed as a member of the Audit Committee and Finance and Risk Management Committee. Mudge is a proven C-suite leader and board member with deep expertise in technology innovation, system modernization, and operational transformation. He spent more than three decades at Verizon, including seven years as Chief Operating Officer and Executive Vice President, where he led a 40,000-person organization responsible for network operations and service delivery. He directed the transition to a fiber-based platform serving over 20 million homes and businesses and managed an annual capital budget ranging from $6-$8 billion. From 2021 to 2023, Mudge served as CEO of Brightspeed Communications, a $2 billion-plus telecom and internet service provider operating in 20 states. As CEO, he successfully led Brightspeed’s launch as an independent company, recruited its leadership team, and implemented an industry-leading fiber-optic network build. In addition, Mudge has significant governance experience, currently serving on the board of Unitek Global Services. He also previously served on the board of Windstream Communications, providing operational guidance immediately following its restructuring. Mudge holds a bachelor’s degree in business administration from North Adams State College, a Master of Business Administration from Suffolk University, and a professional certificate in telecommunications technology from Northeastern University. Annonce • Dec 04
Eversource Energy Approves a Quarterly Dividend, Payable on December 31, 2025 The Board of Trustees of Eversource Energy approved a quarterly dividend of $0.7525 per share, payable on December 31, 2025, to shareholders of record as of the close of business on December 15, 2025. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: US$0.99 (vs US$0.33 loss in 3Q 2024) Third quarter 2025 results: EPS: US$0.99 (up from US$0.33 loss in 3Q 2024). Revenue: US$3.22b (up 5.1% from 3Q 2024). Net income: US$367.5m (up US$485.6m from 3Q 2024). Profit margin: 11% (up from net loss in 3Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annonce • Nov 05
Eversource Energy Reaffirms Earnings Guidance for the Year Ending December 31, 2025 Eversource Energy reaffirmed earnings guidance for the year ending December 31, 2025. For the year, the company reaffirms its expected compound annual earnings per share growth rate within the range of 5% to 7% from a 2024 base of $4.57 per share. As announced in October, the company now in 2025 recurring earnings per share guidance to the range of $4.72 to $4.80 per share to a higher midpoint and reaffirming longer-term EPS growth rate of 5% to 7% off of the 2024 non-GAAP EPS base. Annonce • Oct 16
Eversource Energy to Report Q3, 2025 Results on Nov 04, 2025 Eversource Energy announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 04, 2025 Declared Dividend • Sep 15
Second quarter dividend of US$0.75 announced Shareholders will receive a dividend of US$0.75. Ex-date: 22nd September 2025 Payment date: 30th September 2025 Dividend yield will be 4.5%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (125% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 39% to bring the payout ratio under control. EPS is expected to grow by 48% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Aug 01
Second quarter 2025 earnings released: EPS: US$0.96 (vs US$0.95 in 2Q 2024) Second quarter 2025 results: EPS: US$0.96 (up from US$0.95 in 2Q 2024). Revenue: US$2.84b (up 12% from 2Q 2024). Net income: US$352.7m (up 5.2% from 2Q 2024). Profit margin: 12% (in line with 2Q 2024). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Annonce • Jul 10
Eversource Energy to Report Q2, 2025 Results on Jul 31, 2025 Eversource Energy announced that they will report Q2, 2025 results at 4:00 PM, US Eastern Standard Time on Jul 31, 2025 Annonce • May 31
Eversource Energy has filed a Follow-on Equity Offering in the amount of $1.2 billion. Eversource Energy has filed a Follow-on Equity Offering in the amount of $1.2 billion.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Declared Dividend • May 04
First quarter dividend of US$0.75 announced Shareholders will receive a dividend of US$0.75. Ex-date: 15th May 2025 Payment date: 30th June 2025 Dividend yield will be 5.0%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is not covered by earnings (125% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 39% to bring the payout ratio under control. EPS is expected to grow by 47% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: US$1.50 (vs US$1.49 in 1Q 2024) First quarter 2025 results: EPS: US$1.50 (up from US$1.49 in 1Q 2024). Revenue: US$4.12b (up 24% from 1Q 2024). Net income: US$550.8m (up 5.5% from 1Q 2024). Profit margin: 13% (down from 16% in 1Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Annonce • Mar 11
Eversource Energy, Annual General Meeting, May 01, 2025 Eversource Energy, Annual General Meeting, May 01, 2025. Location: ropes & gray llp, 800 boylston street, massachusetts 02199, boston United States Upcoming Dividend • Feb 25
Upcoming dividend of US$0.75 per share Eligible shareholders must have bought the stock before 04 March 2025. Payment date: 31 March 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.8%. Lower than top quartile of British dividend payers (5.7%). In line with average of industry peers (4.8%). Reported Earnings • Feb 12
Full year 2024 earnings released: EPS: US$2.27 (vs US$1.27 loss in FY 2023) Full year 2024 results: EPS: US$2.27 (up from US$1.27 loss in FY 2023). Revenue: US$11.9b (flat on FY 2023). Net income: US$811.7m (up US$1.25b from FY 2023). Profit margin: 6.8% (up from net loss in FY 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Declared Dividend • Feb 03
Third quarter dividend increased to US$0.75 Dividend of US$0.75 is 5.2% higher than last year. Ex-date: 4th March 2025 Payment date: 31st March 2025 Dividend yield will be 5.0%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Annonce • Jan 30
Eversource Energy Declares Quarterly Dividend, Payable on March 31, 2025 The Board of Trustees of Eversource Energy 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. Declared Dividend • Dec 09
Third quarter dividend of US$0.71 announced Shareholders will receive a dividend of US$0.71. Ex-date: 18th December 2024 Payment date: 31st December 2024 Dividend yield will be 4.7%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Annonce • Dec 05
Eversource Energy Declares Quarterly Common Dividend, Payable on December 31, 2024 The Board of Trustees of Eversource Energy 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. Reported Earnings • Nov 05
Third quarter 2024 earnings released: US$0.33 loss per share (vs US$0.97 profit in 3Q 2023) Third quarter 2024 results: US$0.33 loss per share (down from US$0.97 profit in 3Q 2023). Revenue: US$3.06b (up 9.7% from 3Q 2023). Net loss: US$118.1m (down 135% from profit in 3Q 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Declared Dividend • Sep 16
Second quarter dividend of US$0.71 announced Shareholders will receive a dividend of US$0.71. Ex-date: 23rd September 2024 Payment date: 30th September 2024 Dividend yield will be 4.2%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Annonce • Sep 13
Eversource Energy Approves Quarterly Dividend, Payable on September 30, 2024 The Board of Trustees of Eversource Energy approved a quarterly dividend of $0.715 per share, payable on September 30, 2024, to shareholders of record as of the close of business on September 23, 2024. Annonce • Aug 30
Eversource Names Rima Hyder as New VP of Investor Relations Eversource Energy reported Rima Hyder as the company's new Vice President of Investor Relations. The company said that Hyder brings more than 20 years of experience in finance, communications and investor relations, spanning several industries, to Eversource, where she will lead the company's investor relations strategy to develop and maintain strong relationships with the investment community and other key stakeholders. Matt Fallon will continue to support the Investor Relations team and other finance related corporate initiatives. According to a release, prior to joining Eversource, Hyder served as the Vice President of Investor Relations at Crane NXT, a premier industrial technology company and was the company's chief spokesperson to the global investor community. Prior to that, Hyder served as Senior Vice President of Investor Relations at Sportradar, a global sports technology company. Earlier in her career, she led investor relations for companies such as FactSet, Houghton Mifflin Harcourt and Energy Future Holdings. Hyder began her finance career in the utility industry at Exelon Corp. in various finance roles. Hyder earned a master's degree in organizational and social psychology from the London School of Economics in the United Kingdom and a bachelor's degree in accounting and finance with computers from the University of Kent at Canterbury, also in the UK. New Risk • Aug 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.8% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0.95 (vs US$0.044 in 2Q 2023) Second quarter 2024 results: EPS: US$0.95 (up from US$0.044 in 2Q 2023). Revenue: US$2.53b (down 3.6% from 2Q 2023). Net income: US$335.3m (up US$319.9m from 2Q 2023). Profit margin: 13% (up from 0.6% in 2Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Declared Dividend • May 06
First quarter dividend of US$0.71 announced Shareholders will receive a dividend of US$0.71. Ex-date: 15th May 2024 Payment date: 28th June 2024 Dividend yield will be 4.7%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$1.49 (vs US$1.41 in 1Q 2023) First quarter 2024 results: EPS: US$1.49 (up from US$1.41 in 1Q 2023). Revenue: US$3.33b (down 12% from 1Q 2023). Net income: US$521.8m (up 6.2% from 1Q 2023). Profit margin: 16% (up from 13% in 1Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Annonce • Mar 23
Eversource Energy, Annual General Meeting, May 01, 2024 Eversource Energy, Annual General Meeting, May 01, 2024, at 10:30 Eastern Standard Time. Location: Ropes & Gray LLP, 800 Boylston Street Boston Massachusetts United States Agenda: To consider Elect the nine nominees named in the proxy statement as Trustees to hold office until the 2025 Annual Meeting; Consider an advisory proposal approving the compensation of Named Executive Officers; Ratify the selection of Deloitte & Touche LLP as independent registered public accounting firm for 202; Consider a shareholder proposal titled “Simple Majority Vote,” if properly brought before the meeting;Consider other matters that may properly come before the meeting. Upcoming Dividend • Feb 26
Upcoming dividend of US$0.71 per share Eligible shareholders must have bought the stock before 04 March 2024. Payment date: 29 March 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.9%. Lower than top quartile of British dividend payers (6.3%). Lower than average of industry peers (6.0%). Reported Earnings • Feb 14
Full year 2023 earnings released: US$1.27 loss per share (vs US$4.05 profit in FY 2022) Full year 2023 results: US$1.27 loss per share (down from US$4.05 profit in FY 2022). Revenue: US$11.9b (down 3.1% from FY 2022). Net loss: US$442.2m (down 132% from profit in FY 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 13% per year. Declared Dividend • Feb 04
Third quarter dividend increased to US$0.71 Dividend of US$0.71 is 5.9% higher than last year. Ex-date: 4th March 2024 Payment date: 29th March 2024 Dividend yield will be 5.0%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Feb 01
Eversource Energy Declares a Quarterly Dividend, Payable on March 29, 2024 The Eversource Energy Board of Trustees declared a quarterly dividend of $0.715 per share, payable on March 29, 2024, to shareholders of record as of March 5, 2024. Buying Opportunity • Jan 10
Now 24% undervalued Over the last 90 days, the stock is up 6.9%. The fair value is estimated to be US$77.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Annonce • Jan 09
Eversource Energy in Talks to Sell Stakes in Wind Projects Eversource Energy (NYSE:ES) said it is in advanced negotiations to sell its stakes in South Fork Wind, Revolution Wind and Sunrise Wind to an unidentified buyer, which Eversource said is a private infrastructure investor. Buying Opportunity • Dec 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.2%. The fair value is estimated to be US$76.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Annonce • Dec 12
Eversource Energy Announces Executive Changes, Effective on January 8, 2024 Eversource Energy announced that Chris Carmody is retiring as Executive Vice President of Human Resources and Information Technology and Susan Sgroi has been elected as her successor, effective January 8, 2024. Carmody has been with Eversource and its predecessor companies for 27 years. She has served in her current role since 2016 and prior to that was the Senior Vice President of Human Resources for 15 years. Chris will continue to serve the company as a non-executive Senior Advisor into 2024. Sue Sgroi comes to Eversource from Blue Cross and Blue Shield of Massachusetts where she has been the Executive Vice President and Chief Human Resources Officer since 2015. Prior to that, Sue served as the Executive Vice President of Human Resources for Fidelity Investment’s Asset Management Company for nine years, and before that she was Executive Vice President of Human Resources for Citizens Bank Financial Group for six years. Sgroi’s experience includes business transformation, mergers and acquisitions, technology, organizational effectiveness, compensation and benefits, diversity, equity and inclusion, labor relations, culture change, talent management, and leadership succession across multiple businesses and geographies. She has a proven track record of aligning strategic and business objectives with organizational and workforce strategies. Sue holds a master’s degree in organizational development from American University and a bachelor’s degree in psychology from Bowdoin College. Sue serves on the Boards of Directors of Everett Bank and St. Francis House, the largest day shelter for the homeless in Boston. Ms. Carmody, 60, who has served in her position since August 2016, will continue to serve the Company as a Senior Strategic Advisor until July, 2024. It is anticipated that Ms. Sgroi will be formally elected as Executive Vice President-Human Resources and Information Technology and a director of Eversource Energy Service Company. Prior to assuming this new position, Ms. Sgroi, age 59, served as Executive Vice President and Chief Human Resources Officer of Blue Cross and Blue Shield of Massachusetts from 2015 until October 31, 2023. Previously, Ms. Sgroi served as Executive Vice President, Human Resources – Asset Management of Fidelity Investments from 2006 until 2015. She is a director of the Everett Bank in Everett, Massachusetts and serves on the Board of Directors of the St. Francis House in Boston, Massachusetts. Annonce • Dec 06
Eversource Energy Approves Quarterly Dividend, Payable on December 29, 2023 The Board of Trustees of Eversource Energy approved a quarterly dividend of $0.675 per share, payable on December 29, 2023, to shareholders of record as of the close of business on December 18, 2023. Reported Earnings • Nov 07
Third quarter 2023 earnings released: EPS: US$0.97 (vs US$1.01 in 3Q 2022) Third quarter 2023 results: EPS: US$0.97 (down from US$1.01 in 3Q 2022). Revenue: US$2.79b (down 13% from 3Q 2022). Net income: US$339.7m (down 2.8% from 3Q 2022). Profit margin: 12% (up from 11% in 3Q 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.3% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Buying Opportunity • Oct 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be US$71.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 3.7%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Buying Opportunity • Sep 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be US$77.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 3.7%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Annonce • Sep 19
Eversource Energy Appoints Paul Chodak as Executive Vice President and Chief Operating Officer, Effective November 13, 2023 Eversource Energy announced that Paul Chodak has been elected as Executive Vice President and Chief Operating Officer, effective November 13, 2023. Chodak has worked at American Electric Power in Operations roles for 22 years. He has served as AEP’s Executive Vice President of Generation since 2019 where he has been responsible for the safe and efficient operation and maintenance of AEP’s regulated power plants, including wind, solar, and hydro facilities. Previously, he was the Executive Vice President of Utilities and led seven utility companies within AEP’s footprint of 5 million customers in 11 states throughout the U.S. Midwest and Southern regions. Prior to that, he was the President and Chief Operating Officer for both Indiana Michigan and Southwestern Electric Power Companies and also held positions in engineering, environmental, project management and construction throughout his career with AEP. As Eversource Energy’s Chief Operating Officer, Chodak will lead the electric transmission and distribution, gas, water, electric engineering and grid modernization, enterprise emergency preparedness, offshore wind project execution, operations services, and safety organizations. Chodak holds a doctorate in nuclear engineering from Massachusetts Institute of Technology, a master’s degree in environmental engineering from Virginia Polytechnic Institute, and a bachelor’s degree in chemical engineering from Worcester Polytechnic Institute. He is also a veteran, having served 12 years in the US Navy, and has held Board roles in several community organizations and colleges. He was the executive sponsor of AEP’s Veteran’s Employee Resource Group from 2018-2022 and Pride Employee Resource Group since 2022. Annonce • Sep 15
Eversource Energy Approves Quarterly Dividend, Payable on September 29, 2023 The Board of Trustees of Eversource Energy approved a quarterly dividend of $0.675 per share, payable on September 29, 2023, to shareholders of record as of the close of business on September 25, 2023. Recent Insider Transactions • Aug 20
Executive VP & General Counsel recently sold US$964k worth of stock On the 16th of August, Gregory Butler sold around 15k shares on-market at roughly US$64.25 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.7m more than they bought in the last 12 months. Annonce • Aug 11
Eversource Energy Begins Drilling on First-in-the-Nation Geothermal Project Eversource Energy announced as part of its ongoing commitment to advance an all-encompassing approach to help facilitate the decarbonization of its natural gas system, Eversource started drilling this week on approximately 90 bore holes that are an essential component of its networked geothermal pilot program in Framingham, Massachusetts. Once completed, the energy company’s geothermal loop will connect 140 customers across nearly 40 buildings – including residential homes, a cabinet store, fire station, Framingham Housing Authority buildings and the community college – to provide an energy efficient and sustainable heating and cooling system regulated by the earth’s natural temperature. Eversource has worked in close coordination with municipal partners at the City of Framingham to minimize community and environmental impacts as construction on the loop continues. Drilling operations will happen within two city-owned parking lots and a Framing Housing Authority lot over the next few months. The energy company has partnered with a contractor that specializes in this type of drilling, and each well will be approximately 600-700 feet deep. Geothermal technology works by transferring heat to and from underground wells into homes and businesses using heat pumps. Participating homes and businesses will be connected to the loop through a new network of pipes that Eversource and its local contractor continue to build underground. Eversource expects its networked geothermal system to be complete and placed in service ahead of the 2023 heating season. As part of the pilot program’s 2020 approval by the Massachusetts Department of Public Utilities (DPU), the energy company will operate its geothermal system for two complete heating and cooling seasons, providing regular updates to the DPU. Using the two-year pilot, Eversource will evaluate whether the technology is a cost-effective option at utility scale to complement or replace delivered fuels like heating oil and propane or natural gas service. New Risk • Aug 07
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.9% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Aug 01
Second quarter 2023 earnings released: EPS: US$0.044 (vs US$0.84 in 2Q 2022) Second quarter 2023 results: EPS: US$0.044 (down from US$0.84 in 2Q 2022). Revenue: US$2.63b (up 2.2% from 2Q 2022). Net income: US$15.4m (down 95% from 2Q 2022). Profit margin: 0.6% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.8% decline forecast for the Electric Utilities industry in Europe. Upcoming Dividend • May 11
Upcoming dividend of US$0.68 per share at 3.5% yield Eligible shareholders must have bought the stock before 17 May 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (4.8%). Annonce • May 05
Eversource Energy Approves a Common Dividend, Payable on June 30, 2023 Eversource Energy's Board of Trustees approved a common dividend of $0.675 per share, payable on June 30, 2023, to shareholders of record as of May 18, 2023. Reported Earnings • May 04
First quarter 2023 earnings released: EPS: US$1.41 (vs US$1.29 in 1Q 2022) First quarter 2023 results: EPS: US$1.41 (up from US$1.29 in 1Q 2022). Revenue: US$3.80b (up 9.3% from 1Q 2022). Net income: US$491.2m (up 11% from 1Q 2022). Profit margin: 13% (in line with 1Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 3.9% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 22
Upcoming dividend of US$0.68 per share at 3.4% yield Eligible shareholders must have bought the stock before 01 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (4.3%). Recent Insider Transactions • Feb 21
Independent Trustee recently sold US$153k worth of stock On the 16th of February, Frederica Williams sold around 2k shares on-market at roughly US$78.83 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.7m more than they bought in the last 12 months. Reported Earnings • Feb 14
Full year 2022 earnings released: EPS: US$4.05 (vs US$3.55 in FY 2021) Full year 2022 results: EPS: US$4.05 (up from US$3.55 in FY 2021). Revenue: US$12.3b (up 25% from FY 2021). Net income: US$1.40b (up 15% from FY 2021). Profit margin: 11% (down from 12% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annonce • Feb 02
Eversource Energy Declares Dividend, Payable on March 31, 2023 Eversource Energy Board of Trustees declared a quarterly dividend of $0.675 per share, payable March 31, 2023, to shareholders of record as of March 2, 2023. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$1.01 (vs US$0.82 in 3Q 2021) Third quarter 2022 results: EPS: US$1.01 (up from US$0.82 in 3Q 2021). Revenue: US$3.22b (up 32% from 3Q 2021). Net income: US$349.4m (up 23% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Sep 01
Executive VP & General Counsel recently sold US$457k worth of stock On the 29th of August, Gregory Butler sold around 5k shares on-market at roughly US$91.33 per share. This transaction amounted to 6.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.5m more than they bought in the last 12 months. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: US$0.84 (vs US$0.77 in 2Q 2021) Second quarter 2022 results: EPS: US$0.84 (up from US$0.77 in 2Q 2021). Revenue: US$2.57b (up 21% from 2Q 2021). Net income: US$291.9m (up 10% from 2Q 2021). Profit margin: 11% (down from 13% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 2.9%, compared to a 3.1% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • May 27
Insider recently sold US$367k worth of stock On the 24th of May, Penelope McLean-Conner sold around 4k shares on-market at roughly US$91.75 per share. In the last 3 months, there was an even bigger sale from another insider worth US$1.0m. Insiders have been net sellers, collectively disposing of US$3.1m more than they bought in the last 12 months. Upcoming Dividend • May 11
Upcoming dividend of US$0.64 per share Eligible shareholders must have bought the stock before 18 May 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of British dividend payers (4.9%). Lower than average of industry peers (4.3%). Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$1.29 (vs US$1.07 in 1Q 2021) First quarter 2022 results: EPS: US$1.29 (up from US$1.07 in 1Q 2021). Revenue: US$3.47b (up 23% from 1Q 2021). Net income: US$443.4m (up 21% from 1Q 2021). Profit margin: 13% (in line with 1Q 2021). Over the next year, revenue is forecast to stay flat compared to a 3.2% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Recent Insider Transactions • Mar 08
Independent Trustee recently sold US$156k worth of stock On the 4th of March, Cotton Cleveland sold around 2k shares on-market at roughly US$84.00 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.9m more than they bought in the last 12 months. Recent Insider Transactions • Feb 24
Insider recently sold US$60k worth of stock On the 22nd of February, Jay Buth sold around 725 shares on-market at roughly US$82.97 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.7m more than they bought in the last 12 months. Upcoming Dividend • Feb 23
Upcoming dividend of US$0.64 per share Eligible shareholders must have bought the stock before 02 March 2022. Payment date: 31 March 2022. Payout ratio is a comfortable 68% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (4.5%). Lower than average of industry peers (4.6%). Reported Earnings • Feb 17
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$3.55 (down from US$3.56 in FY 2020). Revenue: US$9.86b (up 11% from FY 2020). Net income: US$1.22b (up 1.3% from FY 2020). Profit margin: 12% (down from 14% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.8%. Over the next year, revenue is forecast to grow 1.9%, compared to a 7.9% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Nov 03
Third quarter 2021 earnings released: EPS US$0.82 (vs US$1.01 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: US$2.46b (up 5.0% from 3Q 2020). Net income: US$283.2m (down 18% from 3Q 2020). Profit margin: 12% (down from 15% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 10% per year. Recent Insider Transactions • Aug 06
Independent Trustee recently sold US$55k worth of stock On the 4th of August, Linda Forry sold around 625 shares on-market at roughly US$87.79 per share. In the last 3 months, there was an even bigger sale from another insider worth US$986k. Insiders have been net sellers, collectively disposing of US$2.3m more than they bought in the last 12 months. Reported Earnings • Aug 02
Second quarter 2021 earnings released: EPS US$0.77 (vs US$0.75 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: US$2.12b (up 8.7% from 2Q 2020). Net income: US$264.5m (up 4.9% from 2Q 2020). Profit margin: 13% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jun 11
Executive VP & General Counsel recently sold US$986k worth of stock On the 4th of June, Gregory Butler sold around 12k shares on-market at roughly US$82.16 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.8m more than they bought in the last 12 months. Recent Insider Transactions • May 15
Independent Lead Trustee recently sold US$154k worth of stock On the 13th of May, William Van Faasen sold around 2k shares on-market at roughly US$85.15 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.4m more than they bought in the last 12 months. Upcoming Dividend • May 12
Upcoming dividend of US$0.60 per share Eligible shareholders must have bought the stock before 19 May 2021. Payment date: 30 June 2021. Trailing yield: 2.9%. Lower than top quartile of British dividend payers (4.0%). Lower than average of industry peers (3.7%). Reported Earnings • May 12
First quarter 2021 earnings released: EPS US$1.07 (vs US$1.01 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: US$2.83b (up 19% from 1Q 2020). Net income: US$366.1m (up 9.4% from 1Q 2020). Profit margin: 13% (down from 14% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 19
Full year 2020 earnings released: EPS US$3.56 (vs US$2.83 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$8.90b (up 4.4% from FY 2019). Net income: US$1.21b (up 33% from FY 2019). Profit margin: 14% (up from 11% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 19
Revenue beats expectations Revenue exceeded analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 6.5%, compared to a 14% growth forecast for the Electric Utilities industry in the United Kingdom. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorated over the past week After last week's 35% share price decline to US$57.47, the stock is trading at a trailing P/E ratio of 24.2x, down from the previous P/E ratio of 37x. This compares to an average P/E of 12x in the Electric Utilities industry in Europe. Total return to shareholders over the past year is a loss of 27%. Valuation Update With 7 Day Price Move • Nov 27
Market pulls back on stock over the past week After last week's 35% share price decline to US$57.47, the stock is trading at a trailing P/E ratio of 25x, down from the previous P/E ratio of 38.3x. This compares to an average P/E of 11x in the Electric Utilities industry in Europe. Total return to shareholders over the past year is a loss of 29%. Valuation Update With 7 Day Price Move • Nov 20
Market pulls back on stock over the past week After last week's 38% share price decline to US$57.47, the stock is trading at a trailing P/E ratio of 24.9x, down from the previous P/E ratio of 40.5x. This compares to an average P/E of 11x in the Electric Utilities industry in Europe. Total return to shareholders over the past year is a loss of 28%. Analyst Estimate Surprise Post Earnings • Nov 06
Revenue beats expectations Revenue exceeded analyst estimates by 2.2%. Over the next year, revenue is forecast to grow 6.4%, compared to a 16% growth forecast for the Electric Utilities industry in the United Kingdom. Reported Earnings • Nov 06
Third quarter 2020 earnings released: EPS US$1.01 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: US$2.34b (up 7.7% from 3Q 2019). Net income: US$346.3m (up 8.6% from 3Q 2019). Profit margin: 15% (in line with 3Q 2019). 
