Welcome to our dedicated page for Eversource Energy news (Ticker: ES), a resource for investors and traders seeking the latest updates and insights on Eversource Energy stock.
Eversource Energy (NYSE:ES) is a distinguished Fortune 500 and S&P 500 energy company based in Connecticut, Massachusetts, and New Hampshire. As the operator of New England’s largest energy delivery system, Eversource Energy serves over 3.7 million electric and natural gas customers. The company is steadfast in its commitment to safety, reliability, environmental leadership, and expanding energy options.
Founded with a commitment to customer satisfaction and community service, Eversource Energy has grown through strategic acquisitions, including NStar in 2012, Aquarion in 2017, and Columbia Gas in 2020. This expansion has enabled the company to provide rate-regulated electric, gas, and water distribution services to more than 4 million customers in the Northeast U.S.
In recent developments, Eversource Energy is in the process of exiting its 50% partnership with European utility Ørsted to develop 2 gigawatts of offshore wind projects in the Northeast U.S. This move is part of the company's broader strategy to focus on its core regulated businesses. Eversource had previously exited most of its unregulated businesses in 2006.
At the heart of Eversource Energy’s success are its dedicated employees. The company prides itself on fostering a diverse, talented team that values teamwork, collaboration, and safety. This engaged workforce is essential to delivering reliable energy services and achieving the company’s goals.
Financially, Eversource Energy remains robust, with ongoing projects aimed at improving infrastructure and expanding renewable energy sources. The company’s dedication to environmental stewardship is evident through its initiatives to enhance energy efficiency and sustainability.
Recent news highlights the dynamic nature of Eversource’s operations:
- Partnership exit with Ørsted for offshore wind projects.
- Ongoing infrastructure improvements.
- Commitment to environmental sustainability.
Aquarion Company has announced its plan to acquire The Torrington Water Company (TWC) in a stock-for-stock transaction approved by both companies' boards. TWC shareholders will receive Aquarion's parent company shares, Eversource Energy, valued at approximately $92.81 per share, based on Eversource's recent closing price. The acquisition will expand Aquarion's customer base by adding about 10,100 customers to its existing 226,000. The deal is subject to TWC shareholder approval and regulatory review, with expected completion by the end of 2022.
Eversource Energy reported full-year 2021 earnings of $1,220.5 million, translating to $3.54 per share, slightly down from $3.55 in 2020. The fourth-quarter earnings were $306.7 million or $0.89 per share, up from $271.9 million or $0.79 per share in the previous year. Notable after-tax acquisition-related charges totaled $23.6 million for the year. The company anticipates 2022 earnings between $4.00 and $4.17 per share. Eversource aims for a 5-7% annual growth in earnings per share through 2026, with a focus on clean energy initiatives and operational efficiency.
Eversource Energy (NYSE: ES) has announced a conference call scheduled for February 17, 2022, at 8 a.m. Eastern Time. During the call, senior management will address the company's financial performance for 2021 and offer insights into the outlook for 2022. This live audio presentation will be available on the Eversource website in the Investors section. The company serves approximately 4.4 million customers across Connecticut, Massachusetts, and New Hampshire, focusing on providing reliable energy and water delivery while promoting a clean energy future.
The Board of Trustees of Eversource Energy (NYSE:ES) has approved a quarterly dividend of $0.6375 per share. This dividend will be payable on March 31, 2022, to shareholders of record as of the close of business on March 3, 2022. Eversource Energy, the largest energy delivery company in New England, serves approximately 4.4 million customers across Connecticut, Massachusetts, and New Hampshire, with around 344 million common shares outstanding.
The Board of Trustees of Eversource Energy (NYSE:ES) has declared a quarterly dividend of $0.6025 per share, with a payment date set for December 31, 2021. Shareholders on record as of the close of business on December 17, 2021 will be eligible. Eversource Energy serves approximately 4.3 million customers across electric, natural gas, and water sectors in Connecticut, Massachusetts, and New Hampshire, and has around 344 million common shares outstanding.
South Fork Wind, New York's first offshore wind farm, has achieved a major milestone by receiving its Record of Decision from the U.S. Department of the Interior's Bureau of Ocean Energy Management. This approval allows the project to move forward, with construction expected to start soon. The wind farm, a joint venture between Ørsted and Eversource, is designed to produce 132 megawatts of clean energy, powering approximately 70,000 homes on Long Island by late 2023. This project is anticipated to create jobs and is pivotal in advancing New York’s climate goals.
Willdan Group, Inc. (NASDAQ: WLDN) announced that Eversource will implement LoadSEER software in Massachusetts for enhanced load forecasting and grid planning. This enterprise software license enables Eversource to analyze distributed energy resource adoption and perform scenario analyses on grid impacts from electric vehicles and solar energy. LoadSEER's new data scrubber feature improves data accuracy, reducing processing costs. Willdan's support aims to improve grid reliability as energy patterns evolve. The press release highlights the software's potential for accurate forecasting and effective grid planning.
Eversource Energy (NYSE: ES) reported third-quarter earnings of $283.2 million, or $0.82 per share, down from $346.3 million, or $1.01 per share, in Q3 2020. For the first nine months of 2021, earnings totaled $913.8 million, or $2.65 per share, compared to $933.2 million, or $2.76 per share, last year. The results include acquisition-related charges and significant regulatory settlement costs that impacted earnings. Eversource reaffirmed its 2021 EPS projection of $3.81 to $3.93, with a long-term EPS growth rate of 5-7%. The company serves 4.3 million customers across New England.
Eversource Energy (NYSE: ES) will hold a conference call for financial analysts on November 3, 2021, at 9 a.m. Eastern Daylight Time. The call will focus on the company's financial performance through the third quarter of 2021. Interested parties can access the live webcast through the Investors section of the Eversource website. Eversource delivers electricity, natural gas, and water to approximately 4.3 million customers across Connecticut, Massachusetts, and New Hampshire and is recognized for its commitment to corporate citizenship and energy efficiency.
Eversource Energy (NYSE:ES) has declared a quarterly dividend of
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