Eversource Energy (ES) Stock

Eversource Energy (ES) is a Utilities stock trading at $70.19 (as of 2026-08-21), with a market capitalization of $26.44B and a trailing P/E of 16.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas. The company operates regulated water utilities that provide water services to approximately 226,000 customers. It serves residential, commercial, industrial, municipal and fire protection, and other customers in Connecticut, Massachusetts, and New Hampshire. The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy is based in Springfield, Massachusetts.

Understand Eversource Energy: how it makes money

Eversource Energy provides regulated electricity transmission and distribution, natural gas distribution, and water services, and it makes money by operating and delivering these utility services across its Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments.

The profit engine is running the regulated wires and pipes (electric transmission, electric distribution, natural gas distribution, and regulated water utility service), with segment results driven by the operational performance of each network segment.

Revenue by segment (latest quarter)
NGD$1.9B
ETD$1.4B
EDD$1.2B
Water$0.1B

Business quality (Strong): The available operating disclosures here are limited to segment earnings-style figures (including some quarter-specific variants), and a clean revenue-by-reportable-segment breakdown is not directly provided in the facts, so investors should treat segment operating earnings trends as the most actionable detail from this dataset.

Valuation: At 15× earnings, ES trades 32% below the Utilities average (22×). Note: one-time items can distort reported P/E.

Bull case

  • Multi-utility, multi-segment service footprint: Eversource operates across electric transmission, electric distribution, natural gas distribution, and regulated water distribution, giving it multiple regulated service lines to contribute to results.
  • Scale in regulated water service: It operates regulated water utilities that provide water services to approximately 226,000 customers.

Bear case

  • Regulation-linked performance across networks: Because the business is a public utility holding company with regulated utility operations, segment performance can be affected by how regulators oversee and value the utility networks.
  • Segment earnings can be uneven: In the provided segment earnings figures, Water Distribution is much smaller than electric and natural gas distribution, so changes in the larger segments are likely to dominate the overall operating picture.
Valuation — source: SEC EDGAR (first-party)
Price$70.19
Market Cap$26.44B
P/E Ratio16.1
EV / EBITDA9.1
Price / Book1.62
Price / Sales1.75
FCF Yield3.9%
DCF Value (model)$19.44
DCF Upside vs Price-72.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$13.55B
Net Margin12.5%
Revenue Growth (YoY)13.8%
EPS Growth (YoY)100.9%
FCF Growth (YoY)-98.1%
Financial Health — source: SEC EDGAR
Altman Z-Score0.75 (distress)
Valuation vs Sector & Industry
Stock P/E16.1
Sector P/E (Utilities)20.8
Industry P/E (Utilities)20.1
vs Sector-22.8%
vs Industry-19.8%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBelvedere Trading LLC ($14.78B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorUtilities
IndustryUtilities
CEOJoseph R. Nolan Jr.
Employees10,000
CountryUS
IPO Date1973-02-21

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

  • Entergy Corporation (ETR)
  • Vistra Corp. (VST)
  • DTE Energy Company (DTE)
  • Edison International (EIX)
  • FirstEnergy Corp. (FE)
  • PPL Corporation (PPL)
  • CenterPoint Energy, Inc. (CNP)
  • NRG Energy, Inc. (NRG)
ES earnings history · ES institutional & insider holders · ES KPIs & operating metrics · ES financials · ES investor presentations & press releases · ES SEC filings · ES peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.