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Eversource Energy (ES)

- NYSE
  • Fri, Feb. 13, 12:59 PM
    • Northeast Utilities (NU -2.7%) is downgraded to Neutral from Outperform with a $56 price target at Credit Suisse, following Q4 earnings results that beat estimates but lowered earnings clarity for several months into 2015.
    • With NU's updated and extended 6%-8% growth rate, including the Northern Pass Transmission and Access Northeast projects, the firm says its estimates have retrenched modestly, and the timeline to finding confidence that these projects convert into expected earnings now extends over much of 2015.
    • Credit Suisse says it likes NU's strategy but prefers other high growth utilities that offer arguably better visibility today.
    | 2 Comments
  • Jul. 5, 2013, 10:58 AM
    Utilities stocks (XLU -1.2%) are under heavy selling pressure as interest rates soar: EXC -1.7%, EIX -2%, FE -1.9%, PCG -1.5%, ED -1.4%, D -1.2%, PEG -1.3%, DUK -1.2%, NU -1.7%, SO -1%, NEE -1%, NRG -1.3%, SRE -1.6%, ETR -2.3%, XEL -1.7%, AEP -1.3%.
    | 7 Comments
  • May. 30, 2013, 11:17 AM
    Utilities are getting a bit of a reprieve after taking a beating over the past few days. Option implied volatility has been increasing as investors rotate out of high dividend yield positions in the wake of a rise in treasury yields: AEE +1.7%, D +0.3%, DTE +1.9%, EIX +0.6%, ETR +1.3%, EXC +0.7%, FE +0.9%, NEE +1.7%, PEG +0.8%, PPL +0.5%, SRE +1.3%, TE +0.5%, AEP +0.8%, DUK +0.6%, ED NU +1.6%, PCG +1.2%, SO +0.4%, XEL +1.3%.
    | 5 Comments
  • Jan. 4, 2012, 3:34 PM
    The proposed $4.3B merger between Northeast Utilities (NU -1.7%) and Nstar (NST -3.7%) will be reviewed by utility regulators in Connecticut, reversing the state's decision last year not to review the transaction, the Hartford Courant reports. The preliminary decision throws a new barrier in the way of the deal that would create a $17.5B utility, just three months before the deal expires.
    | Comment!
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Company Description
Northeast Utilities is a public utility holding company, which is engaged in the energy delivery business through its subsidiaries.
Sector: Utilities
Country: United States