15 Low Profile Dividend Champions to Buy

2. Eversource Energy (NYSE:ES)

Number of Hedge Fund Holders: 39

Eversource Energy (NYSE:ES), based in Boston, provides essential electric services to its customers. The company plans to improve its balance sheet by divesting Aquarion, a transaction expected to be completed by late 2025, while continuing to focus on its core regulated electric and natural gas utility operations. Despite some anticipated challenges in 2025, Eversource sees significant growth opportunities, particularly in system investments. This is evident in a 10% increase in its five-year investment plan through 2029, aimed at strengthening regional infrastructure and advancing clean energy. These initiatives are expected to play a vital role in achieving the company’s long-term growth target of 5 to 7 percent.

For the fourth quarter of 2024, Eversource Energy (NYSE:ES) reported $2.97 billion in revenue, marking a 10.2% increase from the previous year. The transmission segment alone generated $724.6 million, up from $643.4 million in 2023. The company reported operating income of $347.8 million and interest expenses of $288.7 million for the quarter.

Eversource Energy has recently joined the Dividend Aristocrat Index, and in January, the company raised its quarterly dividend by 5.2%, bringing it to $0.7525 per share. This increase marked the company’s 25th consecutive year of dividend growth. It currently offers a quarterly dividend of $0.7525 per share and has a dividend yield of 5.24%, as of April 17.