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Eversource Energy — Intrinsic Value & Fair Price

ES
NYSEUtilitiesRegulated ElectricCIK 0000072741eversource.comAbout ES
Last close · Oct 16, 202666.85+0.86 (+1.30%)
Market cap$25.2B
Model value · P/E · own history
106.31
Eversource Energy closed at $66.85 — undervalued by 37% vs model.
73.74the model's range119.11

P/E · own history leads for a regulated utility. From its own five-year median P/E applied to its earnings.

Other models
44.80 – 163.15
Wall St. target
74.00 10% below
Below model, 1y
20 of 20 days

Price and model value

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What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
4.66%
#36 · Highest dividend yield
Past 2 years
low 3.95%high 5.34%
Dividends per share, a year at a time
$2.38Sep ’21$2.51Sep ’22$2.66Sep ’23$2.82Sep ’24$2.97Sep ’25$3.12TTM
Coverage
—
Raised
25 years in a row
Growth, 5 yrs
5.6% a year
Last change
+4.7% · Mar 2026
Every payment, with ex-dates · latest $0.7875, paid Sep 30, 2026

Research on ES

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How it is valued

Valued asRegulated utility
Low/slowing growth (~7% recent)Moderate margins (13% net margin)Strong dividend yieldHighly cyclical earningsNegative free cash flow
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for utilities
P/E
14.7×
EV / EBITDA
9.7×
FCF yield
-0.2%
Dividend yield, TTM
4.66%
Beta
0.68
Cost of capital (WACC)
6.06%
Full financials

Analyst actions

third-party, quoted
08-03Mizuho Securities · target74.00
07-02Wells Fargo · target76.00
07-01Capital One Financial · target73.00
06-11Argus Research · “Hold” from “Buy”downgrade
Ratings, targets and estimates

Comparable companies

by business, not by industry label
1 more company lists ES as a comparable

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About Eversource Energy

Eversource Energy operates as a public utility holding enterprise, with its core operations centered on the provision and delivery of various energy services. Its business activities are segmented into several key areas: the transmission and distribution of electricity, natural gas distribution, and water utility services. The company is actively engaged in moving electricity, including energy generated from solar facilities, and supplying natural gas to its consumers. Additionally, Eversource manages regulated water systems, serving approximately 226,000 customers. It caters to a wide array of clients, spanning residential homes, businesses, industrial operations, municipal entities (including fire protection), and others across the states of Connecticut, Massachusetts, and New Hampshire. The organization, headquartered in Springfield, Massachusetts, adopted the name Eversource Energy in April 2015, having previously been known as Northeast Utilities.

CEO
Joseph R. Nolan Jr.
Headquarters
Springfield, MA
Employees
10,731
IPO
1973-02-21
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.