Eversource Energy Stock Price Hits A 52-Week Low
Eversource Energy shares hit a 52-week low of $63.43 Thursday — the latest leg down for the Springfield, Massachusetts-based utility that delivers electricity and natural gas to 4.4 million customers across Connecticut, Massachusetts and New Hampshire.
Two forces are primarily responsible for the pressure. The Federal Energy Regulatory Commission this week set a new 9.57 percent base return on equity for New England Transmission Owners, a lower rate than utilities had hoped for that directly compresses Eversource's earnings potential on its regulated transmission assets.
And the 10-year Treasury yield, which has climbed sharply this year as the Fed resumed hiking amid Iran conflict-driven inflation, makes utility stocks' dividends relatively less attractive compared to bonds, a headwind that hits the entire sector but Eversource in particular given its elevated debt load from offshore wind investments.
The company has genuine strengths underneath the stock pressure. It has raised its dividend for 27 consecutive years, yielding approximately 4.9 percent at Thursday's price.
Moody's upgraded its outlook to stable from negative earlier this year, recognizing improved balance-sheet management.
The $1.7 billion Aquarion Water sale simplified the business. Full-year 2026 non-GAAP EPS guidance of $4.57 to $4.72 was reaffirmed after Q2. Mizuho has a $74 price target. The stock's 52-week high was $76.57.
