EVERSOURCE ENERGY(ES)Stock Analysis
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Rank #490 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
ES Stock Analysis & AI Quality Score
AI stock analysis and institutional research for EVERSOURCE ENERGY (ES), a Utilities sector company. 13F Pro's AI-powered ranking engine scores ES at 67.0/100 on a 32-signal composite quality model, placing it at rank #490 of 2,879 stocks — the top 25% of the AI-ranked universe. ES scores in the top quartile across revenue scale (90.2), earnings quality (83.6), profitability (80.8). Areas of concern include institutional flow (34.3), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), EVERSOURCE ENERGY reports quarterly revenue of $4.5B, net income of $608.7M, an operating margin of 23.9%. Top institutional holders of ES by reported 13-F value include Belvedere Trading, Belvedere Trading, BlackRock,, based on the most recent SEC filings. ES trades on the NYSE exchange and files with the SEC under CIK 72741. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ES daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for EVERSOURCE ENERGY directly from SEC EDGAR. EVERSOURCE ENERGY's 13F Pro composite quality score has ranged between 8 and 67 since 2021, currently 67.0 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
What's Driving ES's Business? Latest 10-Q Breakdown
AI-extracted from EVERSOURCE ENERGY's 10-Q filed 2026-05-07 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Eversource earned $606.8M ($1.61/share) in Q1 2026, up from $550.8M ($1.50/share) YoY, but recorded a $43.9M after-tax charge from FERC's March 2026 transmission ROE decision.
Biggest Revenue Drivers
Total revenue: $4,504.4M+9.4% YoY
Higher revenues from base distribution rate increases at NSTAR Electric (effective Jan 1, 2026) and PSNH (effective Aug 1, 2025), plus higher wholesale market sales prices and tracked energy supply costs.
Higher revenues from base distribution rate increases effective November 1, 2025 at Yankee Gas, NSTAR Gas and EGMA, plus higher tracked natural gas supply costs and capital tracking mechanisms.
Higher transmission rate base from continued infrastructure investment and higher non-refundable transmission revenues, partially offset by $31.6M reduction from FERC ROE regulatory liability.
Higher revenues at Aquarion from rate increases and infrastructure investments.
Largest Expense Items
Higher energy supply procurement costs ($70.9M), natural gas supply costs ($95.8M), and transmission costs ($64.5M), partially offset by lower other electric distribution costs and eliminations.
Higher depreciation from increased net plant in service balances and higher depreciation rates at Yankee Gas.
Higher long-term debt interest ($31.4M), regulatory deferrals including $28.8M interest accrued on FERC ROE liability ($46.9M), partially offset by capitalized AFUDC.
Higher program spending and deferral adjustments reflecting timing of costs and rate recovery mechanisms.
Margins: Operating income increased to $1,076.1M (+16.2% YoY) despite higher operating expenses, driven by revenue growth and favorable cost tracking mechanisms. The regulatory environment constrains margin expansion; the March 2026 FERC decision reducing transmission ROE from 10.57% to 9.57% is expected to lower annual earnings by ~$70M.
Watch Items from the Filing
- FERC ROE Decision: On March 19, 2026, FERC issued order reducing transmission ROE to 9.57% (from 10.57%) with retroactive refunds ordered through October 2014. Eversource recorded $60.4M (pre-tax) refund liability but faces range of $60.4M–$932M if retroactive period upheld; filed stay request with D.C. Circuit Court and rehearing request with FERC.
- Aquarion Water Sale: On March 25, 2026, PURA approved sale to Aquarion Water Authority (~$2.4B enterprise value), but legal opposition and appeals introduce timing uncertainty; closing contingent on working capital adjustments and regulatory processes; not yet classified as held-for-sale.
- Offshore Wind Contingent Liability: Revolution Wind contingent liability reduced from $448.2M (Dec 31, 2025) to $298.2M (Mar 31, 2026) after $150M payments to GIP; company notes reasonably possible future losses if cost overruns or delays materialize beyond current estimates.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$4.5B
Net Income
Q1 2026
$608.7M
Free Cash Flow
Q1 2026
$315.0M
Operating Margin
Q1 2026
23.9%
ROIC
Q1 2026
2.5%
D/E Ratio
Q1 2026
1.78
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+13.8% YoYNet Income
Operating Income
+24.1% YoYEPS (Diluted)
+100.9% YoYTotal Assets
+7.0% YoYTotal Debt
+5.8% YoYOp. Cash Flow
+90.5% YoY| Metric | FY 2025 | FY 2024 | FY 2022 | FY 2021 | FY 2020 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $13.55B +13.8% | $11.90B -3.2% | $12.29B +24.6% | $9.86B +10.8% | $8.90B +16.6% | $7.64B |
| Net Income | — | — | $1.41B +15.0% | $1.23B +1.3% | $1.21B +27.7% | $949.8M |
| Operating Income | $2.99B +24.1% | $2.41B +9.6% | $2.20B +10.3% | $1.99B +0.2% | $1.99B +8.0% | $1.84B |
| EPS (Diluted) | $4.56 +100.9% | $2.27 -44.0% | $4.05 +14.4% | $3.54 -0.3% | $3.55 +19.9% | $2.96 |
| Total Assets | $63.79B +7.0% | $59.59B +12.0% | $53.23B +9.8% | $48.49B +5.2% | $46.10B +43.8% | $32.05B |
| Total Debt | $28.27B +5.8% | $26.70B +26.9% | $21.04B +15.5% | $18.22B +12.6% | $16.18B +68.5% | $9.60B |
| Operating Cash Flow | $4.11B +90.5% | $2.16B -10.1% | $2.40B +22.4% | $1.96B +16.6% | $1.68B -23.8% | $2.21B |
AI Insight: ES Financial Trends
Operating income and cash flow accelerating into Q1 2026, but debt rising faster than equity growth.
• Operating income climbed 15.6% YoY from Q1 2025 ($926M) to Q1 2026 ($1,076M); operating cash flow surged 27.2% to $1,324M.
• Revenue jumped 9.4% YoY from Q1 2025 ($4,118M) to Q1 2026 ($4,504M), marking strongest seasonal quarter in dataset.
• Total debt increased $1,905M (7.0%) over eight quarters while equity grew $1,712M (11.5%), moderating leverage expansion.
⚠ Debt-to-equity ratio rose from 1.83x (Q2 2024) to 1.78x (Q1 2026)—slight improvement but leverage remains elevated for utilities.
⚠ Operating cash flow volatility persists; Q4 2025 dipped to $916M despite strong Q3 2025 at $1,100M. Monitor seasonal patterns.
AI Insight: ES Ratio Trends
ROIC surged to 9.3% in Q1 2026, the highest in nine quarters, while leverage remains controlled at 1.78 D/E.
• ROIC expanded 290bp from Q4 2025 (6.4%) to Q1 2026 (9.3%), reversing Q4 2025's seasonal dip.
• Operating margin recovered to 23.9% in Q1 2026, near peak levels of Q2 2024 (23.8%).
• Debt-to-equity declined to 1.75 in Q3–Q4 2025, lowest in the dataset, though edged up to 1.78 in Q1 2026.
⚠ Q1 ROIC volatility is pronounced; Q1 2025 hit 8.6% vs. Q4 2025's 6.4%—seasonality or structural?
⚠ Operating margin compressed in Q4 2025 and Q3 2025 (21.1%–21.4%); winter seasonality or cost pressure?
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Available Research
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Top Institutional Holders of ES
Belvedere Trading LLC
$14.8B2,222,000 shBelvedere Trading LLC
$3.9B585,950 shBlackRock, Inc.
$2.9B42,141,556 shSTATE STREET CORP
$2.0B28,157,268 shVANGUARD CAPITAL MANAGEMENT LLC
$1.7B24,383,144 shVANGUARD PORTFOLIO MANAGEMENT LLC
$1.4B20,003,219 shFMR LLC
$886.6M12,796,942 shGEODE CAPITAL MANAGEMENT, LLC
$780.3M11,301,286 shVICTORY CAPITAL MANAGEMENT INC
$507.0M7,318,444 shUBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME
$452.6M6,532,250 sh
| Fund | Value | Shares |
|---|---|---|
| Belvedere Trading LLC | $14.8B | 2,222,000 |
| Belvedere Trading LLC | $3.9B | 585,950 |
| BlackRock, Inc. | $2.9B | 42,141,556 |
| STATE STREET CORP | $2.0B | 28,157,268 |
| VANGUARD CAPITAL MANAGEMENT LLC | $1.7B | 24,383,144 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1.4B | 20,003,219 |
| FMR LLC | $886.6M | 12,796,942 |
| GEODE CAPITAL MANAGEMENT, LLC | $780.3M | 11,301,286 |
| VICTORY CAPITAL MANAGEMENT INC | $507.0M | 7,318,444 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME | $452.6M | 6,532,250 |
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Popular Research
Is ES a good stock to buy?
13F Pro's AI-powered analysis of EVERSOURCE ENERGY (ES) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Utilities sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for ES are available on the ES stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own ES?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling ES. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of EVERSOURCE ENERGY's investment landscape.