--- title: Eversource Energy (ES) — intrinsic value and fair price canonical: https://sweetvaluelab.com/stocks/es ticker: ES as_of: 2026-10-17 sector: Utilities industry: Regulated Electric --- # Eversource Energy (ES) Eversource Energy (ES) closed at $66.85 on Oct 16, 2026, undervalued by 37% vs its model value of $106.31 (from its own five-year median P/E applied to its earnings). ## Key figures | Figure | Value | | --- | ---: | | Last close | $66.85 (Oct 16, 2026) | | Model value (from its own five-year median P/E applied to its earnings) | $106.31 | | Price vs model | undervalued by 37% vs model | | Range of that model | $73.74 – $119.11 | | Market value | $25.2B | | P/E (fiscal 2025) | 14.7 | | Net margin (fiscal 2025) | 12.5% | | Free cash flow (fiscal 2025) | -$45.1M | | Dividend yield (trailing twelve months) | 4.66% | | Beta | 0.68 | | Cost of capital (WACC) | 6.06% | | Business classification | Dividend Payer (Low/slowing growth (~7% recent), Moderate margins (13% net margin), Strong dividend yield, Highly cyclical earnings, Negative free cash flow) | ## On the stock lists | List | Place | Figure | Page | | --- | ---: | ---: | --- | | Highest dividend yield | #36 | 4.66% | https://sweetvaluelab.com/lists/highest-dividend-yield | | Near 52-week lows | #35 | +5.6% | https://sweetvaluelab.com/lists/near-52-week-lows | ## Dividends | Figure | Value | | --- | ---: | | Trailing dividend yield | 4.66% | | Dividends per share, last 12 months | $3.12 | | Coverage | — | | Raised | 25 years in a row | | Growth over 5 years | 5.6% a year | | Latest payment | $0.7875, ex-date Sep 21, 2026, paid Sep 30, 2026 | | Year of payments | Dividends per share | | --- | ---: | | To Sep 15, 2021 | $2.38 | | To Sep 23, 2022 | $2.51 | | To Sep 22, 2023 | $2.66 | | To Sep 23, 2024 | $2.82 | | To Sep 22, 2025 | $2.97 | | Trailing twelve months (to Sep 21, 2026) | $3.12 | ## Valuation models Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026. | Model | Role | Value per share | Low | High | | --- | --- | ---: | ---: | ---: | | DCF · Perpetuity growth · 5y | cross check | $75.68 | $10.06 | $269.93 | | DCF · Perpetuity growth · 10y | cross check | $89.01 | $19.67 | $303.43 | | DCF · EBITDA exit · 5y | cross check | $162.03 | $80.35 | $258.87 | | DCF · EBITDA exit · 10y | cross check | $163.15 | $75.74 | $281.94 | | P/E · peers | cross check | $86.22 | $83.54 | $91.80 | | P/E · own history | primary | $106.31 | $73.74 | $119.11 | | PEG | sanity check | $44.80 | $44.80 | $44.80 | | EV/EBITDA · peers | cross check | $103.34 | $100.16 | $114.54 | | EV/Revenue · peers | cross check | $112.91 | $89.45 | $114.64 | | Earnings power value | cross check | $0.00 | $0.00 | $0.00 | | Dividend discount | cross check | $61.45 | $41.91 | $102.56 | ## Insider activity (SEC Form 4) Past 90 days: 0 open-market buys ($0) and 2 open-market sales ($213,900); 10b5-1 plan sales included. | Date | Insider | Relationship | Transaction | Shares | Value | | --- | --- | --- | --- | ---: | ---: | | Aug 24, 2026 | Conner Penelope M | EVP-Cust Exp & Energy Strategy | Open-market sell | 1,500 | $106,650 | | Aug 25, 2026 | Conner Penelope M | EVP-Cust Exp & Energy Strategy | Open-market sell | 1,500 | $107,250 | | Jun 4, 2026 | BUTLER GREGORY B | Executive VP & General Counsel | Open-market sell | 7,000 | $489,160 | | May 14, 2026 | BUTH JAY S. | VP, Controller, Chief Acct Off | Discretionary transaction | 407.231 | $28,021.6 | | May 8, 2026 | Mudge W Robert | Other | Open-market buy | 750 | $49,863.8 | ## Recent SEC filings | Filed | Form | What | Filing | | --- | --- | --- | --- | | Aug 3, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/72741/000162828026051906/es-20260630.htm | | Jul 30, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/72741/000110465926088698/tm2621633d1_8k.htm | | Jul 1, 2026 | 8-K | 2.02 Results of Operations (Earnings); 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/72741/000110465926079426/tm2619364d1_8k.htm | | May 7, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/72741/000162828026032278/es-20260331.htm | | May 6, 2026 | 8-K | 2.02 Results of Operations (Earnings); 5.07 Submission of Matters to a Shareholder Vote; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/72741/000110465926056267/tm2613673d1_8k.htm | ## Superinvestors holding it (latest 13F) | Manager | Quarter | Shares | Value | | --- | --- | ---: | ---: | | Bridgewater | 2026-06-30 | 1,195,140 | $86.4M | | Soros | 2026-06-30 | 14,890 | $1.1M | 2 tracked managers in all. ## About 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 i… --- Source: https://sweetvaluelab.com/stocks/es (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.