S&P 500 Futures (ES)

Eversource Energy 株価情報 (NYSE: ES)

最新ニュース Eversource Energy (NYSE:ES) 株価情報

Eversource Energy

Eversource Energy is a diversified holding company with subsidiaries that provide rate-regulated electric and gas distribution service to more than 4 million customers in the Northeast US. The company plans to sell its water utility, Aquarion, in 2025. Eversource expanded its service territories with acquisitions of NStar (2012), Aquarion (2017), and Columbia Gas (2020). In 2024 Eversource exited its 50% partnership with European utility Orsted to develop 2 gigawatts of offshore wind projects in the Northeast US. The company exited most of its unregulated businesses in 2006.

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SJW Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NASDAQ">SJW</a>) improved its financial and regulatory execution, which provides "a clear and achievable growth story," according to BofA Securities.
The SJW Group Analyst: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e6f86a05f2b9b000114a9e2/ross-fowler">Analyst Ross Fowler</a> upgraded the rating for SJW Group from Neutral to Buy, while cutting the price target from $59 to $55.
The SJW Group Thesis: The stock is currently trading at a 15% discount to peers, representing the lowest multiple "of any pure-play U.S. water utility," Fowler said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
"We think the company&#8217;s improved EPS consistency and constructive regulatory outcomes set up SJW to execute against its long-term 5%-7% EPS guidance range," he added.
Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>) announced it will proceed with a sale of Aquarion to the state of Connecticut, which "bodes well for SJW as it removes a near-term overhang and should allow for multiple expansion," the analyst stated.
"We think SJW ultimately would benefit for added scale and the team showed its discipline in the Aquarion process, but the risk of future M&amp;A may be higher for SJW than some of its peers," he further wrote.
SJW Price Action: Shares of SJW Group had risen by 2.63% to $51.55 at the time of publication on Monday.
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SJW Group Has A 'Clear And Achievable Growth Story,' Says Bullish Analyst

On Monday, Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>) inked a deal to sell Aquarion Water Company to the newly created Aquarion Water Authority for $2.4 billion, including $1.6 billion in cash <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b43254744/eversource-energy-announces-sale-of-aquarion-water-company" rel="noreferrer noopener">and $800 million in net debt</a>.
The sale, valued at 1.7x the December 2024 rate base, will help Eversource reduce parent company debt and reinvest in its core electric and natural gas businesses.
The company expects to record a $300 million loss on the sale in the fourth quarter of 2024, including $140 million in estimated taxes, but it reaffirmed its 5%- 7% EPS <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">growth target through 2028</a>.
The sale is subject to regulatory approvals from utility commissions in Connecticut, Massachusetts, and New Hampshire and other customary conditions. The transaction is expected to close in late 2025.
Eversource Chairman, President and CEO Joe Nolan said, &#8220;Since our acquisition of Aquarion in 2017, we have built on Aquarion&#8217;s longstanding track record of superior customer service, industry-leading reliability and operational success to help them become the largest investor-owned water utility in New England and seventh largest in the country.&#8221;
&#8220;This transaction reinforces our commitment to our core electric and natural gas operations as the largest regulated utility in New England, allowing us to optimize our portfolio and strengthening our balance sheet while reinvesting capital to benefit our customers.&#8221;
Eversource expects to release fourth-quarter <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">results on February 12, 2025</a>.
Investors can gain exposure to the stock via BNY Mellon ETF Trust BNY Mellon Global Infrastructure Income ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BKGI#BATS">BKGI</a>) and DBX ETF Trust Xtrackers S&amp;P ESG Dividend Aristocrats ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/SNPD#BATS">SNPD</a>).
Price Action: ES shares are up 0.53% at $58.54 premarket at the last check Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42675448/eversource-acquires-mystic-property-from-constellation-to-support-clean-energy-transition" target="_blank" rel="noreferrer noopener">Eversource Acquires Mystic Property from Constellation to Support Clean Energy Transition</a></li>
</ul>
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Eversource Strengthens Focus on Electric, Gas Business with $2.4 Billion Aquarion Sale

Subject to certain closing adjustments, the aggregate enterprise value of the sale is approximately $2.4 billion, which includes approximately $1.6 billion in cash and $800 million of net debt that will be extinguished at closing.&nbsp;
The proceeds from the sale will enable Eversource to pay down parent company debt while efficiently reinvesting capital into its core electric and natural gas businesses, enabling additional investments in reliability for customers and strengthening Eversource's financial position.
&nbsp;As a result of this transaction, Eversource expects to record a loss on the planned sale of Aquarion of approximately $300 million in its results for the fourth quarter of 2024. This loss on sale includes approximately $140 million of estimated income tax expense. Eversource reaffirms its long-term EPS growth target of between 5% and 7% through 2028.

Eversource Energy Enters Definitive Agreement To Sell Aquarion Water Company; Aggregate Enterprise Value Of Sale Is  $2.4B

WIIM

Eversource Energy shares are trading lower after Barclays cut its price target on the stock from $72 to $69.

Barclays analyst Eric Beaumont maintains Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>) with a Equal-Weight and lowers the price target from $72 to $69.

Barclays Maintains Equal-Weight on Eversource Energy, Lowers Price Target to $69

On Tuesday, Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>) announced its acquisition of a 26-acre portion of the Mystic property from Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>).
This acquisition is part of Eversource&#8217;s broader plan to support Massachusetts&#8217; clean energy transition while maintaining <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42671838/eversource-acquires-mystic-property-from-constellation" rel="noreferrer noopener">reliable service across New England.</a>
The Mystic site, located in Everett, holds significant potential to become a multi-use energy interconnection hub for large-scale renewable sources like offshore wind, hydro, battery storage, and even nuclear energy.
The existing infrastructure and its strategic location make it an ideal site for electrification and addressing the region&#8217;s energy reliability needs.
Eversource has yet to outline specific plans for the property but aims to collaborate with Massachusetts, Everett officials, and other stakeholders to develop a plan for next year.
Also Read: <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/24/12/42671903/investors-aggressively-bought-stocks-etfs-despite-fed-volatile-week-bank-of-america-reveals-largest-inflows-since-2017" rel="noreferrer noopener">Investors Aggressively Bought Stocks, ETFs In Volatile Fed Week: Bank Of America Reveals Largest Inflows Since 2017</a>
The site, adjacent to a proposed soccer stadium, could play a critical role in improving electric reliability in New England, helping Massachusetts meet its electrification and decarbonization goals.
Eversource&#8217;s Chairman, Joe Nolan, emphasized that the acquisition would provide a unique opportunity to support economic development, create jobs, and drive forward clean energy initiatives.
The purchase of the Mystic property also offers a chance to enhance grid reliability, mitigate potential congestion in the regional transmission system, and ease the integration of renewables. However, the transaction will not immediately impact customer bills, allowing Eversource to plan and develop the site without additional financial burdens on consumers.
Price Action: ES shares closed higher by 0.17% to $57.28 on Tuesday.
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General

Eversource Acquires Mystic Property from Constellation to Support Clean Energy Transition

Strategic location offers unique opportunity to ensure reliability for the New England region and advance Massachusetts&#39; clean energy transition by interconnecting multiple renewable energy sources
With a focus on helping to enable Massachusetts&#39; unprecedented clean energy transition while ensuring safe, reliable service for customers across New England, Eversource has acquired a 26-acre portion of the Mystic property from Constellation Energy. Eversource has not developed specific plans for the site at this time, but its strategic location, historic use, and existing infrastructure uniquely position it as a potential multi-use energy interconnection hub for large-scale renewable energy sources &ndash; including onshore or offshore wind, hydro, battery storage and nuclear among others &ndash; with the capacity to support electrification and meet the reliability needs for major energy users in the region. Over the coming year, Eversource will collaborate closely with Massachusetts and Everett officials and other stakeholders to develop a plan for the property, which is adjacent to the site of the proposed soccer stadium in Everett, to improve electric reliability in New England while also helping to advance Massachusetts&#39; electrification and decarbonization goals.

Eversource Acquires Mystic Property From Constellation Energy; No Financial Terms Disclosed

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector.
<h3 class="wp-block-heading">Clearway Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWEN#NYSE">CWEN</a>)</h3>
<ul>
<li>Dividend Yield: 6.44%</li>
<li>Jefferies analyst Julien Dumoulin-Smith initiated coverage on the stock with a Buy rating and a price target of $35 on Sept. 20. This analyst has an accuracy rate of 66%.</li>
<li>Morgan Stanley analyst Robert Kad upgraded the stock from Equal-Weight to Overweight and increased the price target from $25 to $36 on July 31. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: On Nov. 25, Clearway Energy entered into binding agreement to acquire Operational Tuolumne Wind Project from Turlock Irrigation District.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122424&amp;t=be2bearmibe3na1">CWEN news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="898" height="822" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24085933/image-199.png" alt="" class="wp-image-706052" style="width:532px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24085933/image-199.png 898w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24085933/image-199-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24085933/image-199-768x703.png 768w" sizes="(max-width: 898px) 100vw, 898px" /></a></figure>
<h3 class="wp-block-heading">Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>)</h3>
<ul>
<li>Dividend Yield: 5.00%</li>
<li>BMO Capital analyst James Thalacker maintained a Market Perform rating and cut the price target from $74 to $72 on Oct. 15. This analyst has an accuracy rate of 68%.</li>
<li>Barclays analyst Eric Beaumont maintained an Equal-Weight rating and raised the price target from $69 to $72 on Oct. 15. This analyst has an accuracy rate of 71%.</li>
<li>Recent News: On Nov. 4, Eversource Energy posted upbeat quarterly earnings.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122424&amp;t=be2bearmibe3na1">latest ES news</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="921" height="862" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24090018/image-200.png" alt="" class="wp-image-706055" style="width:555px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24090018/image-200.png 921w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24090018/image-200-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24090018/image-200-768x719.png 768w" sizes="(max-width: 921px) 100vw, 921px" /></a></figure>
<h3 class="wp-block-heading">Spire Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>)</h3>
<ul>
<li>Dividend Yield: 4.71%</li>
<li>Mizuho analyst Gabriel Moreen upgraded the stock from Neutral to Outperform and raised the price target from $65 to $76 on Dec. 20. This analyst has an accuracy rate of 77%.</li>
<li>Janney Montgomery analyst Michael Gaugler initiated coverage on the stock with a Neutral rating and a price target of $73 on Dec. 17. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On Nov. 20, Spire reported a loss for the fourth quarter.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122424&amp;t=be2bearmibe3na1">SR stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent122424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="906" height="851" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24090059/image-201.png" alt="" class="wp-image-706056" style="width:671px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24090059/image-201.png 906w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24090059/image-201-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24090059/image-201-768x721.png 768w" sizes="(max-width: 906px) 100vw, 906px" /></a></figure>
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Dividends

Pre-Market Outlook

CWEN

Wall Street's Most Accurate Analysts Give Their Take On 3 Utilities Stocks With Over 4% Dividend Yields

Scotiabank analyst Andrew Weisel downgrades Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>) from Sector Perform to Sector Underperform and lowers the price target from $66 to $56.

Downgrades

Scotiabank Downgrades Eversource Energy to Sector Underperform, Lowers Price Target to $56

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector.
<h3 class="wp-block-heading">Clearway Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWEN#NYSE">CWEN</a>)</h3>
<ul>
<li>Dividend Yield: 5.94%</li>
<li>Jefferies analyst Julien Dumoulin-Smith initiated coverage on the stock with a Buy rating and a price target of $35 on Sept. 20. This analyst has an accuracy rate of 65%.</li>
<li>Morgan Stanley analyst Robert Kad upgraded the stock from Equal-Weight to Overweight and raised the price target from $25 to $36 on July 31. This analyst has an accuracy rate of 80%.</li>
<li>Recent News: On Nov. 25, Clearway Energy entered into binding agreement to acquire Operational Tuolumne Wind Project from Turlock Irrigation District.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121024&amp;t=be2bearmibe3na1">latest CWEN new</a>s </li>
</ul>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="676" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10073411/image-75-1024x676.png" alt="" class="wp-image-685059" style="width:676px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10073411/image-75-1024x676.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10073411/image-75-300x198.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10073411/image-75-768x507.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10073411/image-75.png 1312w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">The AES Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>)</h3>
<ul>
<li>Dividend Yield: 5.07%</li>
<li>Mizuho analyst Anthony Crowdell maintained an Outperform rating and cut the price target from $24 to $16 on Nov. 21. This analyst has an accuracy rate of 64%.</li>
<li>Barclays analyst Nicholas Campanella maintained an Overweight rating and raised the price target from $22 to $23 on Oct. 21. This analyst has an accuracy rate of 66%.</li>
<li>Recent News: On Dec. 6, AES announced a 2% increase in quarterly dividend.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121024&amp;t=be2bearmibe3na1"> latest AES new</a>s </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10045308/image-72.png" alt="" class="wp-image-684843" style="width:719px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10045308/image-72.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10045308/image-72-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10045308/image-72-768x708.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
<h3 class="wp-block-heading">Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>)</h3>
<ul>
<li>Dividend Yield: 4.75%</li>
<li>Jefferies analyst Paul Zimbardo initiated coverage on the stock with an Underperform rating and a price target of $52 on Dec. 3. This analyst has an accuracy rate of 77%.</li>
<li>Barclays analyst Eric Beaumont maintained an Equal-Weight rating and raised the price target from $69 to $72 on Oct. 15. This analyst has an accuracy rate of 70%.</li>
<li>Recent News: On Nov. 4, Eversource Energy posted upbeat quarterly earnings.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121024&amp;t=be2bearmibe3na1">trend in ES stoc</a>k. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="900" height="848" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10045400/image-73.png" alt="" class="wp-image-684844" style="width:680px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10045400/image-73.png 900w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10045400/image-73-300x283.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10045400/image-73-768x724.png 768w" sizes="(max-width: 900px) 100vw, 900px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
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<li><a href="https://www.benzinga.com/24/12/42405361/sp-500-nasdaq-retreat-from-record-highs-investor-sentiment-declines-fear-greed-index-remains-in-neutral-zone">S&amp;P 500, Nasdaq Retreat From Record Highs As Nvidia Declines Over Chinese Antitrust Concerns: Fear &amp; Greed Index Remains In &#8216;Neutral&#8217; Zone</a></li>
</ul>

Wall Street's Most Accurate Analysts Spotlight On 3 Utilities Stocks Delivering High-Dividend Yields

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/63b4193ec6cb260001d7903e/paul-zimbardo">Jefferies analyst Paul Zimbardo</a> initiated coverage on Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>) with an Underperform rating and announced a price target of $52. Eversource Energy shares closed at $63.67 on Monday. <a href="https://www.benzinga.com/quote/ES/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein analyst Alexia Howard initiated coverage on Lamb Weston Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) with a Market Perform rating and announced a price target of $85. Lamb Weston shares closed at $78.34 on Monday. <a href="https://www.benzinga.com/quote/lw/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley analyst Angel Castillo initiated coverage on AGCO Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGCO#NYSE">AGCO</a>) with an Equal-Weight rating and announced a price target of $101. AGCO shares closed at $101.50 on Monday. <a href="https://www.benzinga.com/quote/AGCO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Bernstein analyst Nadine Sarwat initiated coverage on Coca-Cola Europacific Partners PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCEP#NASDAQ">CCEP</a>) with a Market Perform rating and announced a price target of $82. Coca-Cola Europacific shares closed at $76.40 on Monday. <a href="https://www.benzinga.com/quote/CCEP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank analyst Lee Horowitz initiated coverage on Maplebear Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) with a Hold rating and announced a price target of $37. Maplebear shares closed at $43.51 on Monday. <a href="https://www.benzinga.com/quote/CART/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying ES stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="586" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03074110/image-19-1024x586.png" alt="" class="wp-image-674313" style="width:624px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03074110/image-19-1024x586.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03074110/image-19-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03074110/image-19-768x440.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03074110/image-19.png 1128w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/24/12/42282639/honeywell-salesforce-and-3-stocks-to-watch-heading-into-tuesday">Honeywell, Salesforce And 3 Stocks To Watch Heading Into Tuesday</a></li>
</ul>

Initiation

AGCO

CART

Coca-Cola European Partners plc Ordinary Shares

CCEP

This Eversource Energy Analyst Begins Coverage On A Bearish Note; Here Are Top 5 Initiations For Tuesday

Jefferies analyst Paul Zimbardo initiates coverage on Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>) with a Underperform rating and announces Price Target of $52.

Jefferies Initiates Coverage On Eversource Energy with Underperform Rating, Announces Price Target of $52

A new 13F filing from Viking Fund Management reveals which companies the fund bought and sold in the third quarter, including exiting some oil companies ahead of the 2024 election.
Third Quarter Exits: Viking Fund Management sold out of eight stocks completely in the third quarter, including positions in some of the largest oil companies.
Here are the positions exited, as <a href="https://13f.info/13f/000116906924000080/compare/000116906924000006">reported </a>by 13finfo:
<ul>
<li>Marathon Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>)</li>
<li>Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>)</li>
<li>SM Energy Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>)</li>
<li>Southern Copper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>)</li>
<li>Sociedad Quimica y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>)</li>
<li>Murphy USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUSA#NYSE">MUSA</a>)</li>
<li>Sanofi SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NYSE">SNY</a>)</li>
<li>Cactus Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHD#NYSE">WHD</a>)</li>
</ul>
Third Quarter New Positions: The following were the new stocks added to the fund in the third quarter, ranked in size by the dollar value at the end of the quarter.
<ul>
<li>Kodiak Gas Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGS#NYSE">KGS</a>)</li>
<li>EQT Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>)</li>
<li>HF Sinclair Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DINO#NYSE">DINO</a>)</li>
<li>Weatherford International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>)</li>
<li>NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>)</li>
<li>Vertiv Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>)</li>
<li>Chart Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NYSE">GTLS</a>)</li>
<li>Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</li>
<li>United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>)</li>
<li>Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>)</li>
<li>Portland General Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>)</li>
<li>Restaurant Brands International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>)</li>
<li>Nutrien (NTR.TO – Canada)</li>
</ul>
 Big Moves: The fund made several changes to its existing positions alongside the new positions and exited positions.
Here are the biggest additions in the quarter to existing stakes:
<ul>
<li>Civitas Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIVI#NYSE">CIVI</a>): +16,900%</li>
<li>Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>): +882%</li>
<li>LyondellBassell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>): +400%</li>
<li>Rio Tinto PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>): +386%</li>
<li>Dow Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>): +200%</li>
</ul>
Here are the biggest position cuts during the quarter to existing stakes:
<ul>
<li>Texas Pacific Land (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>): -60%</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): -50%</li>
<li>Haliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>): -40%</li>
<li>ExxonMobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>): -36%</li>
<li>Ovintiv (OVV.TO – Canada): -33%</li>
</ul>
Why It's Important: At the end of the quarter, these are the fund's largest positions ranked by dollar value and the percentage they make up of the fund:
<ul>
<li>Broadcom: $27.96 million, 4.5%</li>
<li>AbbVie Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>): $24.88 million, 4.0%</li>
<li>NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>): $22.65 million, 3.7%</li>
<li>Entergy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>): $16.27 million, 2.6%</li>
<li>BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>): $14.24 million, 2.3%</li>
</ul>
The fund added significantly to its position in Broadcom, which remains the largest holding.
The quarter saw the sale of several oil stocks, but the fund opened new positions in several energy names in the quarter.
Photo: Shutterstock

ABBV

AVGO

CIVI

DINO

GTLS

MUSA

SCCO

SHEL

TSLA

WFRD

Viking Fund Management Sells Big Oil Stocks In Q3, Cuts Tesla Position In Half, Adds To Largest Position Broadcom

Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $1.08 by 4.63 percent. The company reported quarterly sales of $3.063 billion which missed the analyst consensus estimate of $3.065 billion by 0.06 percent. This is a 9.73 percent increase over sales of $2.791 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Eversource Energy Q3 2024 Adj. EPS $1.13 Beats $1.08 Estimate, Sales $3.063B Miss $3.065B Estimate

Barclays analyst Eric Beaumont maintains Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>) with a Equal-Weight and raises the price target from $69 to $72.

Barclays Maintains Equal-Weight on Eversource Energy, Raises Price Target to $72

BMO Capital analyst James Thalacker maintains Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>) with a Market Perform and lowers the price target from $74 to $72.

BMO Capital Maintains Market Perform on Eversource Energy, Lowers Price Target to $72

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector.
<h3 class="wp-block-heading">UGI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>)</h3>
<ul>
<li>Dividend Yield: 6.27%</li>
<li>Wells Fargo analyst Sarah Akers maintained an Equal-Weight rating and cut the price target from $28 to $27 on May 3. This analyst has an accuracy rate of 70%.</li>
<li>Mizuho analyst Gabriel Moreen maintained a Neutral rating and raised the price target from $26 to $27 on April 17. This analyst has an accuracy rate of 76%.</li>
<li>Recent News: On Sept. 30, UGI appointed Melanie Ruiz and David Bingenheimer as directors of UGI Corporation, effective Nov. 1.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101124&amp;t=be2bearmibe3na1">latest UGI news</a>.</li>
</ul>
<figure class="wp-block-image is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101124&amp;t=be2bearmibe3na1"><img decoding="async" src="blob:https://editorial.benzinga.com/4c6d6424-5530-43a8-a30c-90b01ed66964" alt="" style="width:626px;height:auto" /></a></figure>
<h3 class="wp-block-heading">Avista Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVA#NYSE">AVA</a>)</h3>
<ul>
<li>Dividend Yield: 5.11%</li>
<li>Mizuho analyst Anthony Crowdell upgraded the stock from Underperform to Neutral and raised the price target from $32 to $36 on May 3. This analyst has an accuracy rate of 63%.</li>
<li>Guggenheim analyst Shahriar Pourrezza upgraded the stock from Sell to Neutral with a price target of $34 on Jan. 22. This analyst has an accuracy rate of 68%.</li>
<li>Recent News: Avista will hold its quarterly conference call to discuss third quarter results on Wednesday, Nov. 6.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101124&amp;t=be2bearmibe3na1">latest AVA news.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="891" height="870" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11082357/image-85.png" alt="" class="wp-image-591224" style="width:721px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11082357/image-85.png 891w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11082357/image-85-300x293.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11082357/image-85-768x750.png 768w" sizes="(max-width: 891px) 100vw, 891px" /></a></figure>
<h3 class="wp-block-heading">Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>)</h3>
<ul>
<li>Dividend Yield: 4.48%</li>
<li>BMO Capital analyst James Thalacker maintained a Market Perform rating and raised the price target from $70 to $74 on Oct. 3. This analyst has an accuracy rate of 74%.</li>
<li>Mizuho analyst Paul Fremont maintained an Outperform rating and boosted the price target from $62 to $73 on Oct. 2. This analyst has an accuracy rate of 63%.</li>
<li>Recent News: On Sept. 30, Eversource Energy completed the exit of offshore wind business.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101124&amp;t=be2bearmibe3na1">trend in ES stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="905" height="852" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11082441/image-86.png" alt="" class="wp-image-591228" style="width:628px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11082441/image-86.png 905w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11082441/image-86-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/11082441/image-86-768x723.png 768w" sizes="(max-width: 905px) 100vw, 905px" /></a></figure>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?start=1&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41286575/s-p-pulls-back-from-record-high-as-inflation-data-dents-investor-optimism-fear-index-remains-in-gre">S&amp;P Pulls Back From Record High As Inflation Data Dents Investor Optimism: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Wall Street's Most Accurate Analysts Weigh In On 3 Utilities Care Stocks With Over 4% Dividend Yields

A hotter-than-expected September Consumer Price Index inflation report, combined with a surprising spike in weekly jobless claims, weighed on major stock indices in early New York trading Thursday, while sparking diverging performances <a href="https://www.benzinga.com/markets">among sectors</a>.
Technology and consumer discretionary stocks led the declines, while utilities outperformed, with the latter rebounding from significant losses earlier in the week.
<h3 class="wp-block-heading">Inflation Tops Estimates, Claims Likely Affected By Hurricane Helene</h3>
The annual headline inflation rate dipped slightly from 2.5% in August to 2.4% in September, but came in <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41270761/september-inflation-hotter-than-expected-jobless-claims-spike-the-most-in-over-a-">above economist forecasts of 2.3%</a>.
Despite this marking the sixth consecutive decline in annual inflation, core inflation — which excludes volatile food and energy — rose unexpectedly from 3.2% to 3.3%, marking its first increase since March 2023.
Monthly inflation readings also came in slightly above expectations for both headline and core metrics, though they showed no acceleration from August's growth pace.
With the Federal Reserve&#8217;s heightened focus on labor market dynamics, markets closely watched the latest jobless claims report, which revealed a surprising jump to 254,000, the highest since July 2023. 
Some experts, like Bill Adams, chief economist at Comerica Bank, attributed the spike to temporary disruptions caused by Hurricane Helene and said he anticipates similar effects from Hurricane Milton in the coming weeks.
Overall, the two key data releases pushed the S&amp;P 500 down from record highs reached the previous day while boosting expectations for a 25-basis-point rate cut in November. Notably, market-implied odds of a November rate cut inched up from 76% to 86% after the reports.
<h3 class="wp-block-heading">Thursday&#8217;s Sector Movers</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Sector</th>
<th>1-day % Chg</th>
</tr>
</thead>
<tbody>
<tr>
<td>Utilities</td>
<td>0.81%</td>
</tr>
<tr>
<td>Energy</td>
<td>0.46%</td>
</tr>
<tr>
<td>Real Estate</td>
<td>0.17%</td>
</tr>
<tr>
<td>Cons. Staples</td>
<td>0.02%</td>
</tr>
<tr>
<td>Financials</td>
<td>0.01%</td>
</tr>
<tr>
<td>Materials</td>
<td>0.01%</td>
</tr>
<tr>
<td>Health Care</td>
<td>-0.04%</td>
</tr>
<tr>
<td>Communications</td>
<td>-0.28%</td>
</tr>
<tr>
<td>Industrials</td>
<td>-0.59%</td>
</tr>
<tr>
<td>Cons. Discretionary</td>
<td>-0.61%</td>
</tr>
<tr>
<td>Technology</td>
<td>-0.77%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 9:55 a.m. ET</figcaption></figure>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
Stocks leading gains within the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) included NextEra Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>), Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) and Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>), up 2.5%, 1.5% and 1.4% respectively. 
Dragging down the tech sector, tracked by the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>), were First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), down 6.3%, Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), down 4.6%, and Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), down 3.3%. 
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Ross Stores Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) and Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) were the worst performers within the Consumer Discretionary&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>), down 2.8%, 1.7% and 1.5%, respectively. 
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