| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 4/6 |
ES Stock Overview
Eversource Energy, a public utility holding company, engages in the energy delivery business.
Rewards
Risk Analysis
Eversource Energy Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$91.65 |
| 52 Week High | US$94.63 |
| 52 Week Low | US$77.07 |
| Beta | 0.46 |
| 1 Month Change | 9.47% |
| 3 Month Change | 3.07% |
| 1 Year Change | 1.92% |
| 3 Year Change | 18.78% |
| 5 Year Change | 45.94% |
| Change since IPO | 305.08% |
Recent News & Updates
Eversource Energy: Expensive Valuation With A History Of Earnings Misses
The Utilities sector was a popular play through much of 1H22 as investors found stability in the value theme. Eversource Energy is a steady, dividend-paying, firm, but looks expensive given a high P/E ratio. Ahead of Q2 earnings on Thursday, the market expects a somewhat small move on this rangebound stock. The Utilities sector had a remarkable first half of 2022 compared to the S&P 500’s weak start. Investors found some safety in the relative stability of power generation companies that also pay out steady dividends. Moreover, the value theme featured significant alpha relative to growth through mid-June. Lately, however, high-duration plays have made a comeback. The Utilities Select Sector SPDR Fund (XLU) has retreated on both an absolute and relative basis since late in Q2 and earlier this month. Utilities Giving Up Relative Strength Stockcharts.com Within the “utes” space is Eversource Energy (ES). According to Bank of America Global Research, Eversource is a regulated utility company providing electric and gas distribution as well as electric transmission services to customers in CT, MA, and NH. It also owns a water utility (Aquarion) which serves the same three states. According to The Wall Street Journal, the $30 billion market cap stock features a dividend yield of 3.0%. Eversource is not a cheap stock – like so many utility companies at the moment. According to data from Koyfin Charts, its forward P/E ratio is above 20. That’s significantly above the stock’s 20-year average valuation which is near 16-times next 12-month earnings. ES's Price-to-Earnings Multiple History: Richly Valued Today Koyfin Charts Analysts at BofA see steady growth in Eversource's earnings per share. Assuming 6% to 7% annual earnings increases through 2024, if the stock price stays the same, its earnings multiple would contract to 19 – still high. Its yield is forecast to be steady around 3%. Unfortunately, free cash flow may be negative through the next two full calendar years. Eversource Energy's EPS, Valuation, Dividend Yield Forecasts BofA Global Research Corporate event data from Wall Street Horizon shows a confirmed earnings date of Thursday, July 28, AMC with a conference call the following morning. Eversource's Corporate Event Calendar: Earnings Date On Tap Wall Street Horizon Earnings Calendar Wall Street Horizon
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Shareholder Returns
| ES | US Electric Utilities | US Market | |
|---|---|---|---|
| 7D | 0.9% | 2.1% | 1.2% |
| 1Y | 1.9% | 7.1% | -11.6% |
Return vs Industry: ES underperformed the US Electric Utilities industry which returned 7.7% over the past year.
Return vs Market: ES exceeded the US Market which returned -13.5% over the past year.
Price Volatility
| ES volatility | |
|---|---|
| ES Average Weekly Movement | 3.4% |
| Electric Utilities Industry Average Movement | 3.4% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: ES is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: ES's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 9,227 | Joe Nolan | https://www.eversource.com |
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.
Eversource Energy Fundamentals Summary
| ES fundamental statistics | |
|---|---|
| Market Cap | US$31.75b |
| Earnings (TTM) | US$1.33b |
| Revenue (TTM) | US$10.96b |
24.0x
P/E Ratio2.9x
P/S RatioIs ES overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ES income statement (TTM) | |
|---|---|
| Revenue | US$10.96b |
| Cost of Revenue | US$5.84b |
| Gross Profit | US$5.12b |
| Other Expenses | US$3.79b |
| Earnings | US$1.33b |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.83 |
| Gross Margin | 46.69% |
| Net Profit Margin | 12.09% |
| Debt/Equity Ratio | 140.8% |
How did ES perform over the long term?
See historical performance and comparison