UTRN - Eversource Energy: Solid Results Show Growth Positioned For Reasonable Return

• Eversource Energy reported very solid Q1 results that showed the earnings per share growth that we have come to expect from this company.
• This EPS growth was probably caused by the company's rate base being significantly higher than it was in Q1 2021.
• The company intends to continue investing money into its growth over the next five years and should be able to deliver an 8%-10% total return.
• The potential sale of the offshore wind JV is surprising, but it may be best for the shareholders since the leases that it owns might be overvalued.
• The 2.82% dividend yield is reasonable and appears to be quite secure.

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