Eversource Energy
Operator of New England electric, gas, and high-voltage transmission networks.
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Profile
Delivers regulated electricity and natural gas through distribution utilities and a high-voltage transmission network across Connecticut, Massachusetts, and New Hampshire. Earnings come from regulator-approved rates and returns on infrastructure investment; the completed Aquarion sale leaves a focused electric-and-gas portfolio.
Delivers electricity and natural gas across Connecticut, Massachusetts, and New Hampshire through regulated utility subsidiaries. Electric distribution runs through CL&P, NSTAR Electric, and Public Service of New Hampshire; gas service runs through Yankee Gas, NSTAR Gas, and Eversource Gas of Massachusetts. A separate electric transmission business owns and operates the high-voltage network.
Builds and maintains poles, wires, substations, pipelines, and grid technology to improve reliability, withstand severe weather, and accommodate rising demand. Earnings come mainly from approved returns on utility infrastructure and recovery of operating costs through customer rates.
After completing the Aquarion Water sale and previously exiting offshore wind investments, operations center on regulated electric and gas delivery. State regulators set distribution and gas rates, while FERC governs transmission returns.
Company facts
Categories
Key statistics
Year to date +4.1% · Average volume (30d) 2.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 3, 2026 | Mizuho Securities | Target | $75 | $74 | ||
| Jul 2, 2026 | Wells Fargo | Reiterate | Overweight | $78 | $76 | |
| Jul 1, 2026 | Capital One Financial | Target | $73 | |||
| Jun 11, 2026 | Argus Research | Downgrade | Buy | Hold | ||
| Apr 22, 2026 | Piper Sandler | Target | $72 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.87 | $0.87 | −0.3% | $2.99B | $2.90B | −2.9% | −3.05% |
| May 6, 2026Q1 FY26 | $1.63 | $1.73 | +6.1% | $4.21B | $4.50B | +7.1% | −2.16% |
| Feb 12, 2026Q4 FY25 | $1.10 | $1.12 | +1.8% | $2.71B | $3.37B | +24.2% | +4.32% |
| Nov 4, 2025Q3 FY25 | $1.15 | $1.19 | +3.5% | $3.17B | $3.22B | +1.7% | −1.23% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.12B | $2.84B | $3.22B | $3.37B | $4.50B | $2.90B | |
| Gross profit | $2.29B | $1.55B | $1.65B | $985.4M | $1.36B | $930.4M | |
| Operating income | $926.4M | $663.0M | $688.7M | $710.5M | $1.08B | $652.2M | |
| Net income | $550.8M | $352.7M | $367.5M | $421.3M | $606.8M | $53.7M | |
| Diluted EPS | $1.50 | $0.96 | $0.99 | $1.12 | $1.61 | $0.14 | |
| Gross margin | 55.6% | 54.7% | 51.3% | 29.2% | 30.3% | 32.0% | |
| Operating margin | 22.5% | 23.4% | 21.4% | 21.1% | 23.9% | 22.5% |
Fiscal years (4-quarter sums)FY21 $9.89B · FY22 $12.29B · FY23 $11.91B · FY24 $11.90B · FY25 $13.55B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.82B · Total debt $29.81B · Total assets $63.42B · Shareholders' equity $16.34B
Dividends
Raised for 26 straight years — most recently to $0.7875 from $0.7525 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 18, 2026 | May 18 | Jun 30 | $0.7875 | |
| Mar 5, 2026 | Mar 5 | Mar 31 | $0.7875 | raised from $0.7525 |
| Dec 17, 2025 | Dec 17 | Dec 31 | $0.7525 | |
| Sep 22, 2025 | Sep 22 | Sep 30 | $0.7525 | |
| May 15, 2025 | May 15 | Jun 30 | $0.7525 | |
| Mar 4, 2025 | Mar 4 | Mar 31 | $0.7525 | raised from $0.715 |
| Dec 18, 2024 | Dec 18 | Dec 31 | $0.715 | |
| Sep 23, 2024 | Sep 23 | Sep 30 | $0.715 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 376.08M · Float 375.51M · 99.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 42.71M | 11.36% | 13F | Aug 7, 2026 |
| State Street Corp | 28.48M | 7.57% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 24.54M | 6.53% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 20.23M | 5.38% | 13F | Aug 13, 2026 |
| Geode Capital Management, LLC | 11.54M | 3.07% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Penelope M. Conner | officer: EVP-Cust Exp & Energy Strategy | −1,500 | $71.50 |
| Aug 24, 2026 | Penelope M. Conner | officer: EVP-Cust Exp & Energy Strategy | −1,500 | $71.10 |
| Jun 4, 2026 | Gregory B. Butler | officer: Executive VP & General Counsel | −7,000 | $69.88 |
| May 8, 2026 | W. Robert Mudge | other: Trustee | +750 | $66.49 |
| Mar 4, 2026 | Penelope M. Conner | officer: EVP-Cust Exp & Energy Strategy | −1,400 | $75.00 |
Peers
- Exelon
Pure-play regulated T&D multi-utility; closest structural analog to ES post-2022
- Public Service Enterprise Group
NJ regulated T&D utility; close equity peer with parallel rate-base growth
- NextEra Energy
Top-tier regulated utility equity peer; FPL rate-base scale benchmarks ES capex
- Duke Energy
Largest SE regulated electric + gas utility; equity peer for capex benchmarking
- Edison International
CA-only regulated electric T&D; equity peer for wires-only rate-base strategy
- American Electric Power
Major regulated electric T&D; dominant FERC transmission formula-rate presence
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Eversource Energy | $70.84 | +0.02% | $26.64B | 18.4 | 15.1 | 1.9 | +2.3% |
| Exelon | $44.08 | +0.38% | $45.26B | 16.0 | 14.9 | 1.8 | +10.0% |
| Public Service Enterprise Group | $73.19 | −0.01% | $36.47B | 18.2 | 16.3 | 2.9 | −9.0% |
| NextEra Energy | $81.84 | +0.02% | $170.72B | 18.3 | 19.9 | 5.9 | +12.5% |
| Duke Energy | $120.20 | −0.02% | $93.75B | 18.1 | 17.7 | 2.8 | +1.1% |
| Edison International | $70.69 | +0.77% | $27.00B | 7.2 | 11.8 | 1.4 | −4.1% |
| American Electric Power | $125.76 | +2.84% | $66.59B | 21.2 | 18.4 | 3.0 | +7.0% |
| Median | 18.1 | 17.0 | 2.9 | +4.1% |