Eversource Energy (ES) stock
Utilities · Electric Utilities
Eversource Energy (ES) is an Electric Utilities company in the Utilities sector, headquartered in Hartford, Connecticut. As of October 23, 2026, ES closed at $67.46, a market capitalization of $25.41 billion, the 359th largest company in the S&P 500. Over the last twelve months it generated $14.00 billion in revenue (+2% year over year) and $236.71 million in free cash flow. The stock trades at 17.5x trailing earnings and 13.7x forward earnings.
- 1-year total return: -4.5% (dividends reinvested)
- 5-year return: -0.9% a year
- 52-week range: $62.72 – $76.57
- Gross margin 52.8%, operating margin 23.9%
- Dividend yield: 4.67%, 25 straight years of increases
- FI Handbook report card: C- across 10 metrics
- 23rd largest of 31 Utilities stocks in the S&P 500
ES price chart
1Y price change: -8.7% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| ES | +3.9% | +3.7% | -4.5% | +13.9% | -0.9% | +5.9% | +6.5% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1973.
ES key statistics
- Market cap
- $25.4B
- #359 in S&P 500
- P/E (TTM)
- 17.5x
- Forward P/E
- 13.7x
- EPS (TTM)
- $3.86
- Revenue (TTM)
- $14.0B
- +2%
- Free cash flow
- $236.7M
- Gross margin
- 52.8%
- Operating margin
- 23.9%
- Return on equity
- 9.0%
- Dividend yield
- 4.67%
- 52-week range
- $62.72 – $76.57
- Beta
- 0.68
- Price / sales
- 1.8x
- EV / EBITDA
- 10.9x
- Debt / equity
- 1.81x
- Employees
- 10,731
ES report card
C-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth2.3%D
- Gross margin52.8%B
- Operating margin23.9%B
- FCF margin1.7%D
- Return on equity9.0%D
- Net debt / EBITDA5.7xF
- Forward P/E13.7xA
- PEG ratio2.3xD
- Shareholder yield4.7%B
- Share count change / yr1.8%D
Eversource Energy (D/B/A) financials
Revenue went from $7.6B in fiscal 2016 to $13.5B in fiscal 2025, growing 6.6% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.6B | $7.8B | $8.4B | $8.5B | $8.9B | $9.9B | $12.3B | $11.9B | $11.9B | $13.5B |
| Operating income | $1.8B | $1.9B | $1.7B | $1.6B | $2.0B | $2.0B | $2.2B | $2.4B | $2.4B | $3.0B |
| Net income | $949.8M | $995.5M | $1.0B | $916.6M | $1.2B | $1.2B | $1.4B | -$434.7M | $819.2M | $1.7B |
| EPS (diluted) | $2.96 | $3.11 | $3.25 | $2.81 | $3.55 | $3.54 | $4.05 | $-1.26 | $2.27 | $4.56 |
| Free cash flow | $231.4M | -$351.9M | -$739.4M | -$901.9M | -$1.3B | -$1.2B | -$1.0B | -$2.7B | -$2.3B | -$45.1M |
| Dividends paid | $564.5M | $602.1M | $640.1M | $663.2M | $744.7M | $805.4M | $860.0M | $919.0M | $1.0B | $1.1B |
| Diluted shares | 318.5M | 318.0M | 318.0M | 322.9M | 339.8M | 344.6M | 347.2M | 349.8M | 357.8M | 371.3M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into ES?
A reverse DCF asks what growth the current price requires. With an enterprise value of $53.4B and $236.7M of trailing free cash flow, Eversource Energy (D/B/A) needs to grow free cash flow about 79.5% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 14.8x vs. median 20.4x (10th–90th percentile 15.5x–28.3x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
ES dividend
- Dividend yield
- 4.67%
- Annual dividend
- $3.15
- Years of increases
- 25
- 5-yr dividend growth
- 5.8%
- per year
- Payout ratio
- 65%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
ES analyst price targets
13 analysts' average 12-month target is $71.69 (+6% vs. $67.46). Targets range from $49.00 to $85.00. 31% rate it a buy.
ES earnings
Next report: November 4, 2026.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 30, 2026 | $0.87 | $0.87 | -0.5% |
| May 6, 2026 | $1.63 | $1.73 | +6.2% |
| Feb 12, 2026 | $1.10 | $1.12 | +1.6% |
| Nov 4, 2025 | $1.15 | $1.19 | +3.6% |
| Jul 31, 2025 | $0.95 | $0.96 | +1.0% |
| May 1, 2025 | $1.51 | $1.50 | -0.7% |
| Feb 11, 2025 | $0.99 | $1.01 | +1.7% |
| Nov 4, 2024 | $1.08 | $1.13 | +4.3% |
Stocks like ES
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 SO Southern | -0.99% | -0% | $106.9B | 22.4x | Compare |
 DUK Duke Energy Corporation (Holdin | -0.33% | +2% | $97.4B | 18.8x | Compare |
 CEG Constellation Energy Corporatio | -0.69% | -30% | $89.8B | 24.8x | Compare |
 AEP American Electric Power | -0.73% | +15% | $70.6B | 22.5x | Compare |
 ETR Entergy | -0.79% | +15% | $51.3B | 27.5x | Compare |
 VST Vistra | -0.48% | -26% | $47.0B | 23.6x | Compare |
 EXC Exelon | -0.94% | -3% | $45.8B | 16.3x | Compare |
 WEC WEC Energy | -0.95% | -1% | $36.2B | 21.6x | Compare |
ES news
- Eversource Energy Wins 2026 Itron Innovator Award for Creating Blueprint for Utility Modernization · Oct 20, 2026
- Better Dividend Stock: Edison International vs. Eversource · Oct 16, 2026
- Earnings Preview: What to Expect From Eversource Energy's Report · Oct 16, 2026
- Eversource Energy Schedules Third Quarter Earnings Call · Oct 15, 2026
- Southern Company vs. Eversource: Which Dividend Stock Pays You More in 10 Years? · Oct 15, 2026
ES stock FAQ
What is ES's market cap?
Eversource Energy's market capitalization is $25.41 billion as of October 23, 2026, ranking 359th in the S&P 500.
What is ES's P/E ratio?
ES trades at a trailing price-to-earnings ratio of 17.5x and a forward P/E of 13.7x. Its median P/E over the period we track is 20.4x.
Does ES pay a dividend?
Yes. Eversource Energy pays $3.15 per share a year, a 4.67% yield. It has raised its dividend 25 years in a row. Dividends grew 5.8% a year over the last five years.
How much has ES stock returned?
Including reinvested dividends, ES returned -4.5% over one year, -0.9% a year over five years, +5.9% a year over ten years through October 23, 2026.
Is ES stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Eversource Energy must grow free cash flow about 80% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the ES price target?
13 analysts cover ES with an average 12-month price target of $71.69, +6% from the current price. 31% of them rate it a buy.
When does ES report earnings?
Eversource Energy is expected to report earnings on November 4, 2026.
How many employees does Eversource Energy have?
Eversource Energy has about 10,731 full-time employees, or $1.3 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology