Professional
Added to YB: 2023-12-26
Pitch date: 2023-12-26
ES [bullish]
Eversource Energy
+20.9%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$22.5B
Pitch Price
$56.55
Price Target
85.00 (+25%)
Dividend
4.89%
EV/EBITDA
12.41
P/E
27.11
EV/Sales
4.30
Sector
Electric Utilities
Category
value
Eversource Energy: Maintaining BUY with shares trading on favorable valuation metrics
$ES Buy $85PT Argus: Cheap at 13.3x'24E P/E<5yr avg w/ strong 4.4% div. $21.5B capex to'27 w/o offshore wind risk. 5-7% LT EPS guide, headwinds: slow growth, storm costs. IG debt, carbonneutral'30 goal. Solid income & moderate upside potential.
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