Eversource Energy (NYSE:ES – Get Free Report) issued its quarterly earnings results on Thursday. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87, FiscalAI reports. The firm had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Eversource Energy had a return on equity of 11.59% and a net margin of 12.55%.The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. Eversource Energy updated its FY 2026 guidance to 4.570-4.720 EPS.
Eversource Energy Stock Performance
NYSE ES traded down $0.96 on Thursday, hitting $73.80. 3,543,564 shares of the company’s stock were exchanged, compared to its average volume of 1,907,290. The firm has a market cap of $27.75 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 5.51 and a beta of 0.70. The firm’s 50-day moving average price is $71.80 and its two-hundred day moving average price is $70.75. Eversource Energy has a fifty-two week low of $61.53 and a fifty-two week high of $76.57. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59.
Eversource Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, May 18th were issued a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, May 18th. Eversource Energy’s payout ratio is currently 67.31%.
Key Stories Impacting Eversource Energy
- Positive Sentiment: Eversource reaffirmed its fiscal 2026 recurring EPS guidance of $4.57–$4.72, broadly consistent with the analyst consensus of about $4.65. Management’s ability to maintain its forecast may help limit downside concerns. Eversource Energy Reaffirms 2026 Guidance Despite Earnings Decline
- Neutral Sentiment: Second-quarter non-GAAP recurring earnings were $0.87 per share, in line with some reported consensus estimates but $0.01 below the Zacks estimate. Revenue increased 2.3% year over year to $2.90 billion, though it fell short of the $2.99 billion consensus. Eversource Energy Misses Q2 Earnings and Revenue Estimates
- Neutral Sentiment: Institutional positioning was mixed in the latest quarter, with 527 investors adding Eversource shares and 384 reducing their holdings. This suggests differing views on the utility’s earnings outlook.
- Negative Sentiment: GAAP earnings fell sharply to $53.7 million, or $0.14 per diluted share, from $352.7 million, or $0.96 per share, a year earlier. Results included a $111.4 million after-tax charge related to the Aquarion Water sale and a $164.0 million after-tax charge tied to increased offshore-wind contingent liabilities. Eversource Energy Reports Second Quarter 2026 Results
- Negative Sentiment: The earnings decline from $0.96 per share last year, the revenue shortfall, and continuing offshore-wind liability risk are likely weighing on sentiment. Reported insider activity also showed eight sales and no purchases over the past six months, although those transactions may not directly reflect current operating expectations.
Analysts Set New Price Targets
Several research analysts have weighed in on ES shares. Scotiabank lowered their target price on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a research note on Tuesday, April 21st. Citigroup restated a “hold” rating and set a $81.00 price target on shares of Eversource Energy in a research note on Monday. BMO Capital Markets decreased their price target on Eversource Energy from $73.00 to $72.00 and set a “market perform” rating for the company in a report on Wednesday, July 22nd. Argus lowered shares of Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Weiss Ratings raised shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $72.58.
View Our Latest Stock Analysis on Eversource Energy
Insider Activity at Eversource Energy
In related news, VP Gregory B. Butler sold 7,000 shares of Eversource Energy stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $69.88, for a total value of $489,160.00. Following the sale, the vice president directly owned 56,179 shares in the company, valued at $3,925,788.52. The trade was a 11.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Eversource Energy
A number of institutional investors and hedge funds have recently made changes to their positions in ES. Garton & Associates Financial Advisors LLC purchased a new position in Eversource Energy in the fourth quarter valued at about $28,000. Johnson Financial Group Inc. raised its holdings in shares of Eversource Energy by 73.5% in the third quarter. Johnson Financial Group Inc. now owns 465 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 197 shares during the last quarter. BOKF NA lifted its position in shares of Eversource Energy by 23,700.0% in the third quarter. BOKF NA now owns 476 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 474 shares in the last quarter. DV Equities LLC acquired a new stake in shares of Eversource Energy during the fourth quarter valued at $35,000. Finally, Rossby Financial LCC increased its position in Eversource Energy by 218.7% during the 4th quarter. Rossby Financial LCC now owns 596 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 409 shares in the last quarter. 79.99% of the stock is owned by institutional investors and hedge funds.
About Eversource Energy
Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.
Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.
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