Eversource Energy - ES STOCK NEWS

Eversource Energy (NYSE: ES) reported first quarter 2021 earnings of $366.1 million, or $1.06 per share, a rise from $334.8 million, or $1.01 per share, in Q1 2020. The results included after-tax costs of $6.2 million from the acquisition of Columbia Gas of Massachusetts and a $30 million charge related to customer credits due to storm damage in 2020. While electric transmission earnings increased to $135.4 million, electric distribution earnings fell to $93.2 million. The company reaffirmed a long-term EPS growth rate of 5-7% and adjusted its 2021 EPS guidance to $3.81-$3.93.

Eversource Energy will host a conference call on May 10, 2021, at 9 a.m. EDT to discuss its Q1 2021 financial performance, accessible via their Investors section online. Eversource serves about 4.3 million customers across Connecticut, Massachusetts, and New Hampshire, recognized as a leader in corporate citizenship and energy efficiency. The company is committed to fostering a clean energy future, integrating solutions like solar and offshore wind into its operations. For further updates, visit their website or follow them on social media.

Aquarion Company has announced a definitive agreement to acquire New England Service Company (NESC), making NESC a wholly-owned subsidiary. This tax-free stock-for-stock transaction will see NESC shareholders receive 0.51208 shares of Eversource Energy for each NESC share, valuing the deal at $44.90 per NESC share. The merger will expand Aquarion's customer base by nearly 10,000, enhancing its ability to deliver regulated water services in Connecticut, Massachusetts, and New Hampshire. The transaction is subject to shareholder and regulatory approvals, with an anticipated closing by the end of 2021.

Eversource Energy (NYSE: ES) has announced a leadership change, effective May 5, 2021. Jim Judge will transition from Chairman, President, and CEO to Executive Chairman of the Board. Joe Nolan, who has been with Eversource since 2012 in various leadership roles, will step up as President and CEO. This change is part of a carefully planned succession strategy aimed at continuing Eversource's success in clean energy and customer relations. Nolan's extensive background positions him well to advance the company’s clean energy vision amidst a pivotal moment for the energy sector.

Eversource Energy (NYSE: ES) reported a 2020 net income of $1.205 billion ($3.55 per share), up from $909.1 million ($2.81 per share) in 2019. Key fourth-quarter earnings reached $271.9 million ($0.79 per share), marking an increase from $250 million ($0.76 per share) a year earlier. Despite costs of $32.1 million linked to Columbia Gas acquisition, long-term EPS growth is projected at 5-7% through 2025. The electric distribution segment earned $544 million, aided by higher revenues, although offset by increased storm restoration costs.

Eversource (NYSE: ES) will host a webcast on February 17, 2021, at 9 a.m. ET for financial analysts to discuss the 2020 results and the 2021 outlook. The presentation can be accessed via the company’s investor section. Eversource provides electricity, natural gas, and water to approximately 4.4 million customers in Connecticut, Massachusetts, and New Hampshire, and is recognized as a leader in energy efficiency and corporate responsibility.

The Board of Trustees of Eversource Energy (NYSE:ES) has announced a quarterly dividend of $0.6025 per share, which will be payable on March 31, 2021. Shareholders must be on record by the close of business on March 4, 2021.

Eversource Energy serves around 4.3 million customers across New England, focusing on safety, reliability, and environmental leadership, and has approximately 343 million common shares outstanding.

Eversource Energy (NYSE: ES) has received an unsolicited mini-tender offer from TRC Capital Corporation to purchase up to 1.5 million shares at $88.00 each, which is 4.54% below the market price of $92.19 as of October 9, 2020. Eversource Energy does not endorse this offer and advises shareholders against tendering their shares, emphasizing that the offer lacks adequate investor protections typical of larger tender offers. The company operates New England's largest energy delivery system, serving approximately 4.3 million customers across Connecticut, Massachusetts, and New Hampshire.