Joseph Nolan - Eversource Energy President
| ES Stock | USD 60.84 0.49 0.81% |
President
Mr. Joseph R. Nolan Jr. is Executive Vice PresidentCustomer and Corporationrationrate Relations of Eversource Energy and Eversource Service. Mr. Nolan has served as Executive Vice PresidentCustomer and Corporationrationrate Relations of Eversource Energy and Eversource Service since August 8, 2016. Mr. Nolan has served as a Director of Eversource Service since November 27, 2012. Previously Mr. Nolan served as Senior Vice PresidentCorporationrate Relations of Eversource Energy from May 4, 2016 until August 8, 2016 of Eversource Service from April 10, 2012 to August 8, 2016 of NSTAR Electric and NSTAR Gas from April 10, 2012 until September 29, 2014 and of CLP, PSNH and Yankee Gas from November 27, 2012 until September 29, 2014. Mr. Nolan previously served as a Director of CLP, PSNH and Yankee Gas from April 10, 2012 until September 29, 2014 and of NSTAR Electric and NSTAR Gas from November 27, 2012 until September 29, 2014. Mr. Nolan has served as a Director of Eversource Energy Foundation, Inc. since April 10, 2012, and as Executive Director of Eversource Energy Foundation, Inc. since October 15, 2013. He has served as a Trustee of the NSTAR Foundation since October 1, 2000. since 2021.
| Age | 60 |
| Tenure | 3 years |
| Address | 300 Cadwell Drive, Springfield, MA, United States, 01104 |
| Phone | 800 286 5000 |
| Web | https://www.eversource.com |
Eversource Energy Management Efficiency
The company has Return on Asset (ROA) of 0.0291 % which means that for every $100 of assets, it generated a profit of $0.0291. This is way below average. Likewise, it shows a return on total equity (ROE) of (0.029) %, which implies that it produced no returns to current stockholders. Eversource Energy's management efficiency ratios could be used to measure how well Eversource Energy manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to gain to -0.0082 in 2024. Return On Capital Employed is likely to drop to 0.04 in 2024. At this time, Eversource Energy's Total Assets are comparatively stable compared to the past year. Non Current Assets Total is likely to gain to about 53.9 B in 2024, whereas Total Current Assets are likely to drop slightly above 2.1 B in 2024.Similar Executives
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Management Performance
| Return On Equity | -0.029 | ||||
| Return On Asset | 0.0291 |
Eversource Energy Leadership Team
Elected by the shareholders, the Eversource Energy's board of directors comprises two types of representatives: Eversource Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eversource. The board's role is to monitor Eversource Energy's management team and ensure that shareholders' interests are well served. Eversource Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Eversource Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sanford Cloud, Lead Independent Trustee | ||
| James Judge, Chairman of the Board of Trustee ,President, Chief Executive Officer | ||
| Joseph Nolan, Executive Vice President-Customer and Corporate Relations of Eversource Energy and Eversource Service | ||
| John Clarkeson, Independent Trustee | ||
| Dennis Wraase, Independent Trustee | ||
| Susan Sgroi, Executive Technology | ||
| John Moreira, Senior Vice President Treasurer | ||
| Paul Camera, Independent Trustee | ||
| Steve Sullivan, President Company | ||
| James Muntz, President Transmission | ||
| Charles Gifford, Independent Trustee | ||
| Frederica Williams, Independent Trustee | ||
| Jeffrey Kotkin, Vice Relations | ||
| David Long, Independent Trustee | ||
| Patrick McGrath, Executive Officer | ||
| Kenneth Leibler, Independent Trustee | ||
| Cotton Cleveland, Independent Trustee | ||
| Gregory Esq, Executive Counsel | ||
| William Faasen, Lead Independent Trustee | ||
| Werner Schweiger, Chief Operating Officer, Executive Vice President | ||
| James DiStasio, Independent Trustee | ||
| Francis Doyle, Independent Trustee | ||
| Gregory Butler, Executive Vice President, General Counsel | ||
| Duncan MacKay, Chief Counsel | ||
| Craig Hallstrom, Regional Massachusetts | ||
| David McHale, Chief Admin. Officer and Executive VP | ||
| Penelope Conner, Executive Vice President - Customer Experience and Energy Strategy | ||
| Christine Carmody, Executive Vice President-Human Resources and Information Technology of Eversource Energy and Eversource Service | ||
| James Hunt, Executive Vice President - Corporate Relations and Sustainability, Secretary | ||
| Paul III, Executive COO | ||
| Thomas May, Chairman, CEO and President and Chairman of Executive Committee | ||
| James III, Executive Secretary | ||
| Jay Buth, Chief Accounting Officer, Vice President Controller | ||
| Leon Olivier, Executive Vice President-Enterprise Energy Strategy and Business Development of Eversource Energy and Eversource Service | ||
| Linda Forry, Independent Trustee | ||
| Philip Lembo, Executive Vice President and Chief Financial Officer | ||
| John Kim, Independent Trustee | ||
| Barbara Nieman, IR Contact Officer | ||
| Gregory Jones, Independent Trustee |
Eversource Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Eversource Energy a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | -0.029 | ||||
| Return On Asset | 0.0291 | ||||
| Profit Margin | (0.04) % | ||||
| Operating Margin | 0.22 % | ||||
| Current Valuation | 48.09 B | ||||
| Shares Outstanding | 350.73 M | ||||
| Shares Owned By Insiders | 0.27 % | ||||
| Shares Owned By Institutions | 83.47 % | ||||
| Number Of Shares Shorted | 4.74 M | ||||
| Price To Earning | 20.33 X |
Pair Trading with Eversource Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Eversource Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Eversource Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Eversource Stock
| 0.86 | D | Dominion Energy Earnings Call This Week | PairCorr |
| 0.8 | FE | FirstEnergy Earnings Call Tomorrow | PairCorr |
Moving against Eversource Stock
| 0.74 | HE | Hawaiian Electric Financial Report 14th of May 2024 | PairCorr |
| 0.56 | EDN | Empresa Distribuidora Financial Report 9th of May 2024 | PairCorr |
The ability to find closely correlated positions to Eversource Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eversource Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Eversource Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Eversource Energy to buy it.
The correlation of Eversource Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eversource Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eversource Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Eversource Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eversource Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For more information on how to buy Eversource Stock please use our How to Invest in Eversource Energy guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Eversource Stock analysis
When running Eversource Energy's price analysis, check to measure Eversource Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eversource Energy is operating at the current time. Most of Eversource Energy's value examination focuses on studying past and present price action to predict the probability of Eversource Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eversource Energy's price. Additionally, you may evaluate how the addition of Eversource Energy to your portfolios can decrease your overall portfolio volatility.
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Is Eversource Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eversource Energy. If investors know Eversource will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eversource Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.03) | Dividend Share 2.7 | Earnings Share (1.27) | Revenue Per Share 34.071 | Quarterly Revenue Growth (0.11) |
The market value of Eversource Energy is measured differently than its book value, which is the value of Eversource that is recorded on the company's balance sheet. Investors also form their own opinion of Eversource Energy's value that differs from its market value or its book value, called intrinsic value, which is Eversource Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eversource Energy's market value can be influenced by many factors that don't directly affect Eversource Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eversource Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eversource Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eversource Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.