# Eversource Energy (ES)

> Source: Nexqual · https://nexqual.com/ES · data as of 2026-10-29 16:05 UTC · cite as "Nexqual, Eversource Energy (ES), nexqual.com/ES" · informational, not investment advice.

**Price:** USD 67.69 (+1.18% today) · US market open, as of October 29, 2026 at 16:05 UTC; quotes may be delayed. Prev close 66.9 · day 66.93–68.24 · 52w 62.72–76.57 · market cap $25.5B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $14.0B, net income $1.46B (10.4% margin), free cash flow $298M (SEC filings).
- Valuation: P/E 17.5x (avg 19.9x at the last 2 fiscal year-ends), EV/EBITDA 10.0x, net debt $27.3B.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $703K; 2 not under a Rule 10b5-1 plan ($703K); 1 by opportunistic insiders (1 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $50K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.94 on a 1–5 scale) (16 analysts), mean target USD 71.69 (range 49–85).
- Next earnings: 2026-11-04, EPS estimate USD 0.92, revenue estimate $3.15B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $9.86B | $12.3B | $11.9B | $11.9B | $13.5B | $14.0B |
| Operating income | $1.99B | $2.20B | $2.40B | $2.41B | $2.99B | $3.02B |
| Net income | $1.23B | $1.41B | -$435M | $819M | $1.70B | $1.46B |
| EPS (diluted) | $3.54 | $4.05 | -$1.26 | $2.27 | $4.56 | — |
| Free cash flow | -$1.21B | -$1.04B | -$2.69B | -$2.32B | -$45.1M | $298M |
| Operating margin | 20.2% | 17.9% | 20.1% | 20.2% | 22.1% | 21.5% |
| Net margin | 12.5% | 11.5% | -3.6% | 6.9% | 12.5% | 10.4% |
| Revenue growth | +10.8% | +24.6% | -3.1% | -0.1% | +13.8% | — |
| Cash + short-term investments | $66.8M | $375M | $53.9M | $26.7M | $135M | — |
| Total debt | $18.2B | $21.0B | $24.4B | $26.7B | $28.3B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 17.5x · P/S 1.8x · EV/EBITDA 10.0x · EV/Sales 3.8x · P/FCF 85.6x · P/B 1.6x · FCF yield 1.17% · Earnings yield 5.71% · Dividend yield (paid, TTM) 4.44% · Net debt $27.3B · EV $52.8B
P/E at fiscal year-ends: Dec 2025 14.7x, Dec 2024 25.1x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-24…2026-08-25 | Conner Penelope M | EVP-Cust Exp & Energy Strategy | 3,000 | $214K | 25.5% | No | Too little history (no open-market trades in 2023) |
| 2026-06-04 | Butler Gregory B | Executive VP & General Counsel | 7,000 | $489K | 9.7% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $50K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-08 | Mudge W Robert |  | 750 | $50K | 66.48 | Too little history (no open-market trades in 2023–2025) |

## Analysts
Consensus Hold (mean 2.94 on a 1–5 scale), 16 analysts; mean target USD 71.69 (low 49, high 85).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | HSBC | Initiated | Hold | $70 |
| 2026-10-19 | JP Morgan | Target lowered | Underweight | $73 → $68 |
| 2026-08-03 | Mizuho | Target raised | Neutral | $70 → $74 |
| 2026-07-22 | BMO Capital | Target lowered | Market Perform | $73 → $72 |
| 2026-07-02 | Wells Fargo | Target raised | Overweight | $75 → $76 |

## More
Full page: https://nexqual.com/ES · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.92 | $1.04 | -11.5% | $3.15B | 11 |
| Next quarter (ends 2026-12-31) | $1.09 | $0.97 | +12.5% | $3.50B | 8 |
| Current fiscal year (ends 2026-12-31) | $4.63 | $4.65 | -0.4% | $13.74B | 13 |
| Next fiscal year (ends 2027-12-31) | $4.93 | $4.92 | +0.1% | $14.40B | 14 |

## Earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | $0.87 | $0.87 | In line | — |
| — | Quarter ended Mar 31, 2026 | $1.73 | $1.63 | Beat +6.1% | — |
| — | Quarter ended Dec 31, 2025 | $1.12 | $1.10 | Beat +1.8% | — |
| — | Quarter ended Sep 30, 2025 | $1.19 | $1.15 | Beat +3.5% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

## Recent SEC filings (last 120 days)
| Filed | Form | What it says | Filing |
|---|---|---|---|
| 2026-08-03 | 10-Q | Quarterly report · period ended Jun 30, 2026 | https://www.sec.gov/Archives/edgar/data/72741/000162828026051906/0001628280-26-051906-index.htm |
| 2026-07-30 | 8-K | Quarterly results; Regulation FD disclosure | https://www.sec.gov/Archives/edgar/data/72741/000110465926088698/0001104659-26-088698-index.htm |
| 2026-07-01 | 8-K | Quarterly results; Other material event — “On June 30, 2026, Eversource Energy announced that it has successfully completed the sale of Aquarion Water Company, consistent with all regulatory terms and requirements, to the Aquarion Water Authority, a quasi-public corporation and political subdivision of the State of Connecticut and a standalone water authority alongside the South Central Connecticut Regional Water Authority. The total transaction purchase price was $2.4 billion in cash. The adjusted net equity proceeds of approximately $1.7 billion will be…” | https://www.sec.gov/Archives/edgar/data/72741/000110465926079426/0001104659-26-079426-index.htm |
Source: SEC EDGAR. Quotes are the opening words of each item as filed.