Eversource Energy (ES) Positions for Long-Term Growth With Utility Investments

Eversource Energy (NYSE:ES) is included among the Dividend Growth Stocks: 25 Aristocrats.

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Eversource Energy (NYSE:ES) supplies electricity, natural gas, and water to about 4.6 million customers across Connecticut, Massachusetts, and New Hampshire. As a regulated utility, its rates are set by federal and state regulators, giving the company a clear path to recover costs through routine rate cases. It does not own power generation assets. Instead, it meets customer demand by securing energy through long-term contracts and procurement agreements.

The company has built a solid earnings record over time and stands to benefit from scheduled rate increases, ongoing transmission upgrades, and continued investment in clean energy projects. Eversource has also exited its US commercial-scale offshore wind business. That move simplifies the story and leaves the company focused entirely on its regulated utility operations.

With economic development across its service territory remaining supportive, management expects to invest about $24.2 billion between 2025 and 2029 to modernize and expand its infrastructure. There is also room for an additional $1.5 billion to $2 billion in incremental projects over the same period.

Taken together, those investments underpin the company’s outlook for 5% to 7% annual non-GAAP EPS growth over the forecast window. On the income side, Eversource Energy (NYSE:ES) recently raised its quarterly dividend by 4.7% to $0.7875 per share, extending its dividend growth streak to 26 consecutive years.

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Disclosure: None.