NSTAR Electric Company (NSARO) Stock
NSTAR Electric Company operates as a regulated electric utility, primarily engaged in the procurement, transmission, distribution, and sale of electricity to a diverse client base, including residential, commercial, and industrial consumers, throughout Massachusetts. The company also manages and operates 70 megawatts of solar generation capacity.
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About NSTAR Electric Company
NSTAR Electric Company operates as a regulated electric utility, primarily engaged in the procurement, transmission, distribution, and sale of electricity to a diverse client base, including residential, commercial, and industrial consumers, throughout Massachusetts. The company also manages and operates 70 megawatts of solar generation capacity. As of December 31, 2021, NSTAR's reach extended to approximately 1.46 million customers across an expansive service territory of about 3,200 square miles. This comprehensive coverage includes the city of Boston, 140 additional municipalities in both eastern and western Massachusetts, and prominent locations such as Cape Cod, Martha's Vineyard, and the wider Springfield metropolitan area. The company maintains its headquarters in Boston, Massachusetts, and ultimately operates as a subsidiary under the umbrella of Eversource Energy.
NSTAR Electric Company is headquartered in US.
NSTAR Electric Company (NSARO) stock trades at $79.00 with a market capitalization of $29.12B. The stock is valued at a price-to-earnings (P/E) ratio of 31.10, price-to-book of 3.83, price-to-sales of 3.06. Over the past 52 weeks the stock has ranged between $76.56 and $86.95, and currently trades 9.1% below its 52-week high. It pays a dividend yielding 6.05%.
On profitability, NSTAR Electric Company generates a return on equity (ROE) of 0.01%, return on capital employed of 0.00%, an operating margin of 21.45%, a net profit margin of 10.04%.
In its most recent fiscal year, NSTAR Electric Company reported annual revenue of $4.0B, net profit of $631.0M, revenue has compounded at 6.3% a year over the last five years, profit at 7.2% a year. Profit growing faster than revenue points to expanding margins.
The balance sheet shows a debt-to-equity ratio of 1.28, a current ratio of 0.80, total assets of $20.5B, $135.0M in cash and equivalents.
NSARO has an average daily trading volume of 88 shares, a beta of 0.08 (less volatile than the overall market).
Official website: www.eversource.com