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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Eversource Energy (NYSE:ES) is included among the Top 15 Growth Stocks for Long-Term Investors.
Eversource Energy (NYSE:ES) provides electricity, natural gas, and water services to around 4.6 million customers across Connecticut, Massachusetts, and New Hampshire. As a regulated utility, the company operates under federal and state oversight, with service rates determined through regulatory proceedings that ensure cost recovery. While Eversource doesn’t own power generation assets, it manages energy supply through contracts and procurement to meet customer demand.
Eversource Energy (NYSE:ES) is moving forward with its updated investment plan of $23.7 billion for the 2024–2028 period, focusing on projects in transmission and electric distribution. The company expects to achieve earnings-per-share growth of 5% to 7% annually during this time, in line with its dividend growth goals.
Operating in a regulated sector provides the company with stability and predictable cash flows, making its earnings relatively consistent. This steady business model also helps Eversource Energy (NYSE:ES) remain resilient during economic downturns, allowing it to continue growing its dividends even through recessions. The company has raised its payouts for 25 consecutive years, which makes it one of the best dividend aristocrat stocks. Its quarterly dividend sits at $0.7525 per share for a dividend yield of 4.16%, as of October 12.
While we acknowledge the potential of ES as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 12 Most Promising Dividend Stocks According to Wall Street Analysts and 14 Best Food Dividend Stocks To Buy According to Analysts.
Disclosure: None.
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