With the U.N. Climate Change Conference, otherwise known as COP28, starting this week, we are reasserting our view that the market underappreciates utilities' critical role in limiting global warming.
Eversource raised its dividend to $2.70 per share annualized for 2023, maintaining a string of 6% dividend increases that we think can continue for several more years.
High energy prices in the Northeast can lead regulators to allow lower infrastructure returns, which would depress Eversource's earnings growth.
|
Metric
|
ES
|
AGR
|
PEG
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.13 | 21.38 | 17.44 |
Price/Book Value | 1.34 | 0.64 | 2.05 |
Price/Sales | 1.72 | 1.53 | 2.65 |
Price/Cash Flow | 10.10 | 8.20 | 12.31 |
|
Metric
|
ES
|
AGR
|
PEG
|
|---|---|---|---|
Quick Ratio | 0.24 | 0.38 | 0.32 |
Current Ratio | 0.56 | 0.78 | 0.63 |
Interest Coverage | 2.75 | 2.09 | 5.98 |
|
Metric
|
ES
|
AGR
|
PEG
|
|---|---|---|---|
Return on Assets (Normalized) | 4.83% | 1.42% | 2.75% |
Return on Equity (Normalized) | 16.75% | 3.02% | 9.37% |
Return on Invested Capital (Normalized) | 7.98% | 2.91% | 5.26% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|
NEE
| NextEra Energy Inc | Vgfdx | $122.8 Bil | |
SO
| Southern Co | Mnydpy | $78.1 Bil | |
DUK
| Duke Energy Corp | Wwrwm | $72.8 Bil | |
NGG
| National Grid PLC ADR | Ygmwd | $49.4 Bil | |
PCG
| PG&E Corp | Bdbg | $44.2 Bil | |
AEP
| American Electric Power Co Inc | Zypqy | $42.2 Bil | |
D
| Dominion Energy Inc | Gltnl | $39.5 Bil | |
EXC
| Exelon Corp | Rgnzthh | $39.2 Bil | |
XEL
| Xcel Energy Inc | Gfjqgv | $34.0 Bil | |
ED
| Consolidated Edison Inc | Gwfnm | $31.9 Bil |
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