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SPRINGFIELD, MA—Conner Penelope M, Executive Vice President of Customer Experience and Energy Strategy at Eversource Energy (NYSE:ES), recently sold 2,600 common shares of the company. The shares were sold at a price of $64.00 each, totaling $166,400, according to a filing submitted to the Securities and Exchange Commission for the transaction dated May 20, 2025. The sale comes as the $23.2 billion utility company trades near its InvestingPro Fair Value, with a FAIR financial health rating.
Following the sale, Conner retains direct ownership of 10,988 common shares, which includes restricted share units and dividend equivalents. Additionally, she holds 893 shares indirectly through a trust under the Eversource 401k Plan, as well as 16,565 phantom shares through the Eversource Deferred Compensation Plan. These phantom shares are nominally invested as common shares and are set to be distributed upon a future vesting event. Notably, Eversource has maintained dividend payments for 27 consecutive years, currently offering a 4.71% yield. Get deeper insights into ES’s financial health and more exclusive tips with InvestingPro.
In other recent news, Eversource Energy reported its first-quarter earnings for 2025, showing a mixed performance with a slight miss on earnings per share (EPS) but a significant revenue beat. The company posted an EPS of $1.50, which was just below the forecast of $1.51, while revenue surged to $4.12 billion, exceeding expectations of $3.57 billion. Despite the earnings miss, Eversource reaffirmed its full-year 2025 EPS guidance, projecting between $4.67 and $4.82. BofA Securities adjusted its outlook on Eversource, raising the price target to $62 from $61, while maintaining a Neutral rating. This revision followed Eversource’s earnings report, which highlighted increased electric and gas rates offset by higher expenses. Additionally, Eversource continues to project a 5 to 7 percent compound annual growth rate in EPS through 2029. The company is also focusing on infrastructure investments, including a $24.2 billion capital plan over five years. These recent developments reflect Eversource Energy’s strategic positioning and ongoing efforts to enhance its operational capabilities.
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