Eversource Energy stock hits 52-week high at 69.98 USD

Eversource Energy stock reached a significant milestone, hitting a 52-week high of 69.98 USD, marking a remarkable 25.9% gain year-to-date. With a substantial market capitalization of $25.93 billion, the utility giant continues to reward shareholders through a notable 4.31% dividend yield. InvestingPro data reveals the company has maintained dividend payments for an impressive 26 consecutive years. This marks a notable achievement for the company, reflecting investor confidence and market strength. Trading at a P/E ratio of 29.79, the stock appears to be trading above its Fair Value according to InvestingPro analysis, which offers 7 additional key insights about the company’s financial health and prospects. The company’s stock performance highlights its resilience and ability to navigate market fluctuations, drawing attention from investors looking for stable returns. For a deeper understanding of Eversource Energy’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

In other recent news, Eversource Energy has seen several notable developments. The U.S. District Court in the District of Columbia has issued an injunction on the stop work order for the Revolution Wind project, allowing offshore construction to resume. This legal decision is viewed positively by UBS, which has reiterated its Buy rating and maintained a price target of $77.00 for Eversource Energy. Meanwhile, Jefferies has raised its price target for the company to $54.00, citing improved cash flows expected in the first half of 2025 and benefits from Connecticut securitization, although the firm maintains an Underperform rating.

Additionally, Eversource Energy has approved a quarterly dividend of $0.7525 per share, payable on September 30, 2025, to shareholders of record on September 22, 2025. However, the company faces challenges as the Trump administration has moved to halt the Maryland Offshore Wind Project, which could impact similar projects. In connection with this, Eversource Energy’s stock fell after the Trump administration blocked construction of Orsted’s Revolution offshore wind farm. Despite having sold the project to Global Infrastructure Partners, Eversource remains liable for additional costs related to the Revolution project.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.