Oil prices rebound sharply on smaller-than-feared OPEC+ output hike
Eversource Energy stock has reached a 52-week high, touching 68.41 USD. With a market capitalization of $24.7 billion and an attractive 4.71% dividend yield, the utility giant demonstrates stable performance, supported by a low beta of 0.66. According to InvestingPro analysis, the stock appears slightly overvalued at current levels. The stock’s recent ascent to its highest point in a year underscores investor confidence and the company’s consistent operational performance. While the 1-year performance has been flat, the stock has delivered an impressive 14% return year-to-date. InvestingPro data reveals two key strengths: the company’s 26-year track record of dividend increases and historically low price volatility. Subscribers can access 5 additional ProTips and a comprehensive research report for deeper insights.
In other recent news, Eversource Energy announced a quarterly dividend of $0.7525 per share, payable on September 30, 2025, to shareholders of record as of September 22, 2025. This development comes amid significant activity involving the company’s offshore wind projects. The Trump administration has moved to halt the Maryland Offshore Wind Project, impacting Eversource Energy due to its financial liabilities in the Revolution offshore wind farm, which has also faced a halt in construction. Despite these challenges, DA Davidson reaffirmed its Buy rating on Eversource Energy with a price target of $77.00. Jefferies also adjusted its price target for Eversource Energy, increasing it to $54.00 from $47.00, while maintaining an Underperform rating. The adjustment was attributed to improved cash flows anticipated in the first half of 2025 and benefits from Connecticut securitization. These recent developments highlight the dynamic environment in which Eversource Energy operates.
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