Management Meeting: Grid Upgrades, Offshore Wind Different Paths to Growth for Eversource
We are reaffirming our $56 per share fair value estimate after meeting with management at the American Gas Association Financial Forum. We are also reaffirming our no-moat and stable moat trend ratings.Grid modernization and offshore wind remain two major investment focuses for Eversource, each with much different implications for investors.
The Merrimack Valley gas explosion in the Boston area last year has accelerated the push to make safety investments and incorporate more automation on the ...
Eversource Energy is a public utility holding company. Through its subsidiaries, the company has four segments: electric distribution, which is engaged in the distribution of electricity to retail customers in Connecticut, Massachusetts and New Hampshire; electric transmission, which owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England; natural gas distribution, which distributes natural gas to communities in Massachusetts and cities and towns in Connecticut; and water distribution, which provides water services in towns and cities in Connecticut, Massachusetts and New Hampshire.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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