Eversource Energy (D/B/A) (ES) Stock Price & How to Invest
Last updated July 2026
Short answer
Eversource Energy (ES) is now a pure-play regulated electric and gas utility across Connecticut, Massachusetts, and New Hampshire, so investors tend to treat it as a rate-base-growth income holding rather than a growth story, with a dividend near 4% and mid-single-digit earnings growth tied to approved capital spending.
ES stock price
As of 2026-07-24, Eversource Energy (D/B/A) (ES) last closed at $74.91, up 12.4% over the past year. Over the past 52 weeks it has traded between $62.86 and $76.21.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Eversource Energy (D/B/A)'s investor relations page. Walnut is informational, not investment advice.
What does Eversource Energy (D/B/A) (ES) do?
Eversource Energy is a public utility holding company that delivers electricity and natural gas to roughly 4 million customers across Connecticut, Massachusetts, and New Hampshire. Its earnings come almost entirely from regulated electric distribution, electric transmission, and gas distribution, where allowed returns and rate base (the capital investment regulators let it earn on) drive results. After several turbulent years, the company completed its exit from offshore wind in 2024 and closed the ~$2.4 billion sale of its Aquarion Water business in mid-2026, repositioning itself as a pure-play regulated utility focused on wires and pipes.
The investment picture is the classic regulated-utility trade-off: relatively predictable, rate-base-linked earnings and a meaningful dividend in exchange for modest growth and sensitivity to interest rates and regulatory outcomes. Eversource targets a $26.5 billion capital plan for 2026 through 2030, weighted toward electric distribution and transmission, which underpins its reaffirmed 5 to 7 percent long-term EPS growth rate. The Aquarion proceeds are being used to pay down debt, addressing a balance sheet that had been a persistent investor concern. The offset is regulatory friction, including a FERC transmission ROE reduction, and the leftover cost-sharing exposure from the wind exit.
What's driving Eversource Energy (D/B/A) (ES)?
1. Rate-base growth from a large capital plan
Eversource has laid out roughly $26.5 billion of capital spending for 2026 through 2030, weighted toward electric distribution (about 42 percent) and electric transmission (about 27 percent). Because a regulated utility earns an allowed return on that invested capital, this plan is the primary engine behind the reaffirmed 5 to 7 percent long-term EPS growth rate through 2030.
2. Simplified pure-play regulated profile
The completed exit from offshore wind and the mid-2026 sale of Aquarion Water leave Eversource as a focused regulated electric and gas utility. Removing the volatile, capital-intensive wind exposure narrows the range of outcomes, which is generally how utility investors prefer these businesses to look.
3. Debt reduction and balance-sheet repair
The Aquarion sale generated about $1.7 billion of adjusted net equity proceeds earmarked to displace Eversource debt. Lowering leverage matters for a capital-heavy utility that must continually access debt markets, and a healthier balance sheet supports both the credit profile and the funding of the capital plan.
4. Dividend and transmission franchise
Eversource carries a dividend yielding roughly 4 percent, a core part of the total-return case, and operates a large regulated transmission network (estimated transmission rate base above $11 billion). Transmission investment tends to be a steadier, FERC-regulated growth avenue that complements state-regulated distribution earnings.
What are the risks to Eversource Energy (D/B/A) (ES)?
Regulatory outcomes are the central risk: a FERC reduction to the base transmission ROE is expected to lower after-tax earnings by roughly $70 million in 2026 and contributed to a downward revision of full-year guidance. State rate cases in Connecticut and Massachusetts have at times been contentious, which can pressure allowed returns and cost recovery. As a capital-intensive utility, Eversource is sensitive to interest rates, since higher rates raise financing costs and make its dividend yield less competitive versus bonds. Residual cost-sharing obligations from the offshore wind exit (up to roughly $240 million of potential overrun exposure shared with the buyer) remain an overhang. Finally, executing a multi-billion-dollar capital plan while managing leverage leaves limited room for operational or weather-related surprises.
How is Eversource Energy (D/B/A) (ES) valued? (approximate, JULY 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Eversource Energy (D/B/A)'s investor relations page or your broker.
- Revenue (TTM): ~$12.5B
- Market cap: ~$25B
- 2026 non-GAAP EPS guidance: ~$4.57 to $4.72
- Long-term EPS growth target: ~5 to 7% through 2030
- Dividend yield: ~4.3%
- P/E (approx.): ~15 to 16x
Eversource beat Q1 2026 estimates with revenue of about $4.5 billion and non-GAAP EPS of $1.73, but trimmed full-year non-GAAP guidance to roughly $4.57 to $4.72 (from $4.80 to $4.95) to reflect the FERC ROE reduction and the loss of Aquarion earnings. The valuation, a P/E in the mid-teens and a yield above 4 percent, is typical for a regulated utility where the stock trades on rate-base growth and interest rates more than on quarterly momentum.
Who competes with Eversource Energy (D/B/A) (ES)?
Regional Northeast utilities
Consolidated Edison and other Northeast operators share Eversource's exposure to densely populated, high-cost, and often stringent state regulatory environments, making them the closest comparables on local rate dynamics.
Large diversified regulated utilities
Duke Energy, Xcel Energy, WEC Energy Group, and Ameren are larger, multi-state regulated electric and gas utilities that compete for the same income-and-rate-base investor dollars, generally with broader geographic diversification than Eversource.
Income and defensive alternatives
Utility-sector ETFs, bond proxies, and other high-yield defensive equities compete for the same yield-seeking capital, so Eversource's relative appeal shifts with interest rates and its dividend versus peers.
How to invest in Eversource Energy (D/B/A) (ES)
There are three common ways to get ES exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so ES sits alongside other stocks that express the same thesis.
Walnut takes the basket route. Describe a thesis where ES fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on Eversource Energy (D/B/A) (ES)
ES is a rate-base-driven regulated utility that has shed its offshore wind and water distractions to refocus on steady, regulator-approved earnings growth and a sizable dividend.
More on Eversource Energy (D/B/A) (ES)
Whether ES is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is ES a buy?, and where the stock could go from here in the ES stock forecast.
For income investors, whether ES pays a dividend and how the payout looks is covered in does ES pay a dividend?
Build a basket around ES with Walnut
Use Eversource Energy (D/B/A) as one constituent in a thematic basket Walnut's AI helps you assemble. Describe a thesis you believe in, the AI proposes the holdings and weights, and you approve before any broker order.
FAQ
What does Eversource Energy do?
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Eversource is a regulated utility holding company that delivers electricity and natural gas to roughly 4 million customers across Connecticut, Massachusetts, and New Hampshire. Its earnings come from regulated electric distribution, electric transmission, and gas distribution operations.
Is Eversource still in the offshore wind business?
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No. Eversource completed its exit from offshore wind in 2024, selling its stakes in the South Fork and Revolution Wind projects to Global Infrastructure Partners. It retained limited cost-sharing obligations but no longer develops offshore wind, refocusing on its regulated utility operations.
Why did Eversource sell Aquarion Water?
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Eversource closed the roughly $2.4 billion sale of Aquarion Water in mid-2026 to simplify into a pure-play regulated electric and gas utility and to raise cash. The approximately $1.7 billion of net equity proceeds are being used to pay down debt.
Does Eversource pay a dividend?
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Yes. Eversource pays a quarterly dividend that yields roughly 4.3 percent as of mid-2026. The dividend is a central part of the investment case, funded by relatively stable regulated earnings, though it depends on continued regulatory and cash-flow support.
How fast is Eversource expected to grow earnings?
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Eversource reaffirmed a long-term EPS growth target of 5 to 7 percent through 2030, using a 2026 non-GAAP base near $4.65 per share. That growth is driven by its roughly $26.5 billion 2026 to 2030 capital plan expanding its regulated rate base.
What are the main risks with ES stock?
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Key risks include regulatory decisions such as the FERC transmission ROE reduction (expected to cut 2026 after-tax earnings by about $70 million), contentious state rate cases, interest-rate sensitivity from its capital-heavy model, and residual cost-sharing exposure from the offshore wind exit.
How is Eversource valued compared to peers?
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Eversource trades at a P/E in the mid-teens with a yield above 4 percent, in line with regulated-utility norms. With a market cap near $25 billion, it is smaller than diversified peers like Duke Energy and Xcel Energy but comparable to Northeast-focused operators.
Is Eversource a good stock for income investors?
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Eversource fits the profile many income-oriented investors look for: a regulated utility with a roughly 4 percent yield and mid-single-digit earnings growth. Whether it suits a given portfolio depends on interest-rate views, regulatory risk tolerance, and individual goals. Walnut is not an investment adviser.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Eversource Energy (D/B/A)'s investor relations page or your broker before making investment decisions.