Eversource Energy (NYSE:ES) Posts Earnings Results, Hits Estimates

Eversource Energy (NYSE:ES) released 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 firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.99 billion. Eversource Energy had a net margin of 10.35% and a return on equity of 11.34%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. Eversource Energy updated its FY 2026 guidance to 4.570-4.720 EPS.

Eversource Energy Price Performance

Shares of NYSE ES traded down $2.08 during trading hours on Friday, reaching $71.76. 5,275,425 shares of the stock traded hands, compared to its average volume of 1,967,265. The company has a market capitalization of $26.99 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 5.45 and a beta of 0.70. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.62. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.57. The company’s 50-day simple moving average is $71.83 and its two-hundred day simple moving average is $70.76.

Eversource Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, May 18th were issued a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, May 18th. Eversource Energy’s dividend payout ratio (DPR) is currently 67.31%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Bank of America reissued a “buy” rating and set a $72.00 price objective on shares of Eversource Energy in a research note on Wednesday, April 22nd. Capital One Financial set a $73.00 target price on Eversource Energy in a research note on Wednesday, July 1st. Wells Fargo & Company raised 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. Argus downgraded Eversource Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Scotiabank cut their price objective on Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating for the company in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $72.58.

Key Headlines Impacting Eversource Energy

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

• Positive Sentiment: Eversource reaffirmed its fiscal 2026 recurring, non-GAAP EPS guidance of $4.57 to $4.72, broadly consistent with analysts’ expectations. Management’s earnings call also reinforced the company’s focus on regulated utility operations and its planned portfolio repositioning. Eversource Energy Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Second-quarter recurring earnings were $0.87 per share, in line with the primary analyst consensus, while revenue increased 2.3% year over year to $2.90 billion. However, revenue was below the roughly $2.99 billion expected by analysts. Eversource Energy Reports Second Quarter 2026 Results
• Negative Sentiment: GAAP earnings fell sharply to $53.7 million, or $0.14 per share, from $352.7 million, or $0.96 per share, a year earlier. Results included a $111.4 million after-tax charge tied to the Aquarion Water sale and a $164.0 million after-tax charge related to offshore wind liabilities. Although largely nonrecurring, the charges highlight execution and balance-sheet risks. Eversource Energy Q2 GAAP Earnings Fall
• Negative Sentiment: Adjusted earnings declined from $0.96 per share last year, and some estimates viewed the $0.87 result as a slight miss. The earnings decline and lower-than-expected revenue are likely the main reasons for the stock’s weaker performance after the report. Eversource Energy Misses Q2 Earnings and Revenue Estimates

Insider Transactions at Eversource Energy

In other Eversource Energy news, VP Gregory B. Butler sold 7,000 shares of the company’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 sale, the vice president owned 56,179 shares of the company’s stock, valued at $3,925,788.52. This represents a 11.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Eversource Energy

Hedge funds have recently made changes to their positions in the business. Empowered Funds LLC raised its position in Eversource Energy by 8.9% in the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock worth $1,003,000 after purchasing an additional 1,319 shares during the period. Woodline Partners LP grew its stake in shares of Eversource Energy by 40.8% during the first quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after buying an additional 8,984 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Eversource Energy by 115.1% during the first quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock valued at $92,000 after buying an additional 801 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Eversource Energy by 87.9% in the second quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock worth $3,718,000 after buying an additional 27,332 shares during the period. Finally, Brown Advisory Inc. increased its holdings in shares of Eversource Energy by 4.6% in the second quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock worth $505,000 after buying an additional 349 shares during the period. 79.99% of the stock is currently owned by institutional investors.

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.