Eversource Energy (NYSE:ES) Issues Earnings Results, Hits Expectations

Eversource Energy (NYSE:ES) posted its quarterly earnings results on Thursday. The utilities provider reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87, FiscalAI reports. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 EPS. Eversource Energy updated its FY 2026 guidance to 4.570-4.720 EPS.

Eversource Energy Stock Down 1.3%

ES traded down $0.96 on Thursday, hitting $73.80. The company had a trading volume of 3,543,564 shares, compared to its average volume of 1,907,290. The stock has a fifty day simple moving average of $71.80 and a 200-day simple moving average of $70.75. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.65 and a quick ratio of 0.59. The firm has a market capitalization of $27.75 billion, a P/E ratio of 14.95, a P/E/G ratio of 5.51 and a beta of 0.70. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.57.

Eversource Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, May 18th were paid 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 dividend payout ratio is presently 67.31%.

Trending Headlines about Eversource Energy

Here are the key news stories impacting Eversource Energy this week:

• 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.

Wall Street Analyst Weigh In

ES has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Eversource Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Capital One Financial set a $73.00 target price on Eversource Energy in a research note on Wednesday, July 1st. Wells Fargo & Company boosted their price target on Eversource Energy from $75.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, July 2nd. Seaport Research Partners lowered Eversource Energy from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Finally, BMO Capital Markets dropped their price objective 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. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Eversource Energy presently has an average rating of “Hold” and a consensus price target of $72.58.

Insider Activity

In other news, VP Gregory B. Butler sold 7,000 shares of the firm’s 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 completion of the transaction, the vice president owned 56,179 shares in the company, valued at $3,925,788.52. This trade represents a 11.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Eversource Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in ES. State Street Corp grew its position in shares of Eversource Energy by 4.7% in the 4th quarter. State Street Corp now owns 28,013,053 shares of the utilities provider’s stock worth $1,886,119,000 after buying an additional 1,265,802 shares during the period. Morgan Stanley grew its holdings in Eversource Energy by 4.2% in the fourth quarter. Morgan Stanley now owns 5,879,604 shares of the utilities provider’s stock worth $395,874,000 after purchasing an additional 238,723 shares during the period. Zimmer Partners LP increased its stake in shares of Eversource Energy by 18.2% during the fourth quarter. Zimmer Partners LP now owns 3,843,997 shares of the utilities provider’s stock valued at $258,816,000 after purchasing an additional 591,697 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Eversource Energy by 28.2% during the fourth quarter. Wellington Management Group LLP now owns 3,241,896 shares of the utilities provider’s stock valued at $218,277,000 after purchasing an additional 712,508 shares during the last quarter. Finally, Amundi boosted its position in shares of Eversource Energy by 2.5% in the 4th quarter. Amundi now owns 2,380,030 shares of the utilities provider’s stock worth $160,247,000 after purchasing an additional 58,393 shares in the last quarter. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Company Profile

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.