Eversource Energy
ES (NYSE)
Eversource Energy serves over 4 million customers in the Northeast and offers an attractive dividend yield of 4.47%. Currently trading at an 8% discount, the stock has a 12-month price target averaging around $71, with some analysts suggesting it could rise as high as $81. Despite facing regulatory challenges in Connecticut, the stock has delivered a solid 21.29% return over the past year, making it a potential option for investors seeking reliable income.
Pros:
- Diversified utility with a large customer base
- Strong dividend yield
Cons:
- Recent negative long-term returns
- Regulatory uncertainties
Eversource Energy (ES) may be suitable for income-focused investors looking for stability in their portfolio, particularly those interested in utility stocks with a strong dividend yield. However, potential investors should remain cautious of the company's regulatory challenges and consider the long-term performance trends before making a decision.