Eversource Energy

ES

Market cap $25B

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HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Following this week's decision by the Connecticut Public Utilities Regulatory Authority (PURA) to reject the proposed sale of the Aquarion Water Company to the South Central Connecticut Regional Water Authority, Eversource Energy (NYSE: ES) issued the statement below from Eversource Executive Vice President, Chief Financial Officer and Treasurer John Moreira. “Given recent regulatory developments in Connecticut in the past few days, Eversource Energy i.

A regulator quashed the proposed sale of a water utility it owns. This was to be divested in a deal worth around $2.4 billion.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

The futures are trading higher after NVIDIA Inc. (NASDAQ: NVDA) blew out its fiscal third-quarter results and offered strong forward guidance, though perhaps not as robust as Wall Street had hoped.

Eversource Energy shares fell over 10% on Wednesday after Connecticut regulators rejected the company's proposal to sell its water utility business, dealing a setback to the utility's efforts to streamline operations and reduce debt.

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