Skip to Content
Morningstar

Eversource Energy ES

Morningstar Rating
Unlock
Stock XNYS Rating as of
$58.99 +0.48 (0.82%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

Eversource: Offshore Wind Exit Progressing; Stock Remains One of Cheapest US Utilities

Travis Miller

We are reaffirming our $73 fair value estimate for Eversource Energy after several developments in the past month primarily involving the company's offshore wind projects. We are also reaffirming our no-moat rating. Eversource is one of the cheapest US utilities in our coverage, trading at a 20% discount to our fair value estimate as of March 21 after falling 28% since April 2023.

Read Full Report

Price vs Fair Value

View History
ES is trading at a 19% discount.
Price
$58.99
Fair Value
$37.00
Uncertainty
Low
1-Star Price
$81.95
5-Star Price
$96.60
Economic Moat
Zwjh
Capital Allocation
Tzdkmxfvs

Bulls Say, Bears Say

Bulls

Eversource raised its dividend to $2.86 per share annualized for 2024, maintaining a string of 6% dividend increases that we think can continue for several more years.

Bears

High energy prices in the Northeast can lead regulators to allow lower infrastructure returns, which would depress Eversource's earnings growth.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if ES is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
$58.51
Day Range
$58.08–59.19
52-Week Range
$52.03–79.92
Bid/Ask
$56.25 / $59.35
Market Cap
$20.69 Bil
Volume/Avg
1.6 Mil / 2.8 Mil

Key Statistics

Price/Earnings (Normalized)
13.30
Price/Sales
1.68
Dividend Yield (Trailing)
4.64%
Dividend Yield (Forward)
4.85%
Total Yield
4.79%

Company Profile

Eversource Energy is a diversified holding company with subsidiaries that provide rate-regulated electric, gas, and water distribution service to more than 4 million customers in the Northeast U.S. The company expanded its service territories with acquisitions of NStar (2012), Aquarion (2017), and Columbia Gas (2020). Eversource is exiting its 50% partnership with European utility Orsted to develop 2 gigawatts of offshore wind projects in the Northeast U.S. The company exited most of its unregulated businesses in 2006.
Sector
Utilities
Industry
Utilities - Regulated Electric
Stock Style Box
Mid Value
Total Number of Employees
10,171
Website
https://www.eversource.com

Competitors

Valuation

View More
Metric
ES
AGR
ED
Price/Earnings (Normalized)
 13.3023.6518.67
Price/Book Value
 1.410.701.48
Price/Sales
 1.681.662.17
Price/Cash Flow
 9.587.908.32
Price/Earnings
ES
AGR
ED

Financial Strength

Metric
ES
AGR
ED
Quick Ratio
 0.270.320.77
Current Ratio
 0.670.651.01
Interest Coverage
 0.572.603.94
Quick Ratio
ES
AGR
ED

Profitability

Metric
ES
AGR
ED
Return on Assets (Normalized)
 2.77%1.92%2.34%
Return on Equity (Normalized)
 9.90%4.15%7.31%
Return on Invested Capital (Normalized)
 5.25%3.63%5.33%
Return on Assets
ES
AGR
ED
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Utilities - Regulated Electric Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
NEE
NextEra Energy IncNrnpgnhbMlvpj$131.1 Bil
SO
Southern CoDlyzxfyhBxfklpr$77.2 Bil
DUK
Duke Energy CorpPlxvhjnNbqzm$74.0 Bil
NGG
National Grid PLC ADRLmdclkqBywt$46.8 Bil
AEP
American Electric Power Co IncDlgywlmlmZgtjxx$43.5 Bil
PCG
PG&E CorpMghkmmdjTpxj$43.2 Bil
D
Dominion Energy IncBvrvcbqyKzjzv$40.7 Bil
EXC
Exelon CorpVgcfvbtbkTbscslm$36.4 Bil
PEG
Public Service Enterprise Group IncPmzrjytsGyjfzx$32.5 Bil
ED
Consolidated Edison IncSrgcfppfvTcg$31.4 Bil

Sponsor Center