Skip to Content

Eversource Energy ES

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Eversource Avoids Worst-Case Scenario With Settlement in Connecticut

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $70 per share fair value estimate for Eversource Energy after the company reached a settlement that will require it to return $75 million to Connecticut electric customers as a penalty for power outages during Tropical Storm Isaias in August 2020. We expect Connecticut regulators to approve the settlement this year. We are reaffirming our no-moat and stable moat trend ratings.

Read Full Analysis

Company Profile

Business Description

Eversource Energy is a diversified holding company with subsidiaries that provide regulated electric, gas, and water distribution service. With the addition of NStar's Massachusetts utilities in 2012, Aquarion in 2017, and Columbia Gas in 2020, the company's utilities now serve more than 4 million customers in the region. Eversource also plans to develop 2 gigawatts of offshore wind projects by 2025. The company exited most of its unregulated businesses in 2006.

Contact
300 Cadwell Drive
Springfield, MA, 1104
T +1 800 286-5000
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type Classic Growth
Employees 9,299

Related