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Eversource Energy Falls as Refund and Regulatory Pressures Stay in Focus

Investivoq PriceTracker

Eversource Energy (ES) is down 3.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The decline appears tied to renewed concern about Eversource’s regulatory and refund exposure rather than a single fresh earnings surprise. This could be because investors are reassessing how federal transmission refund disputes, state political pressure, and other rate cases may weigh on future profit and cash flow.

Details:

  • Eversource previously disclosed that a federal decision cutting the allowed return on equity for New England transmission owners is expected to reduce future annual after-tax earnings, creating an ongoing headwind for its transmission business.
  • In its latest quarterly filing, the company said a refund is probable and estimated the high end of the potential pre-tax refund range at about $906.4 million, including interest, tied to past transmission charges.
  • Massachusetts Governor Maura Healey on October 14, 2026 publicly pressed Eversource and other utilities to quickly return customers’ share of an estimated $1.5 billion in excess transmission profits, keeping the issue in the spotlight.
  • Connecticut agencies also filed a separate complaint this year seeking removal of an RTO-related transmission incentive and customer refunds, adding to the broader regulatory overhang around the stock.

    • Sources:

    Eversource Energy, SEC, Mass.gov, Connecticut Governor

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $ES Insider Trading Activity

    ES Insider Trades

    $ES insiders have traded $ES stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

    Here’s a breakdown of recent trading of $ES stock by insiders over the last 6 months:

    • GREGORY B BUTLER (Executive VP & General Counsel) sold 7,000 shares for an estimated $489,159
    • PENELOPE M CONNER (EVP-Cust Exp & Energy Strategy) has made 0 purchases and 2 sales selling 3,000 shares for an estimated $213,900.

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $ES Hedge Fund Activity

    We have seen 580 institutional investors add shares of $ES stock to their portfolio, and 415 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • AQR CAPITAL MANAGEMENT LLC added 6,739,886 shares (+170.9%) to their portfolio in Q2 2026, for an estimated $487,091,561
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 5,889,452 shares (+inf%) to their portfolio in Q2 2026, for an estimated $425,630,696
    • FMR LLC removed 3,239,018 shares (-25.3%) from their portfolio in Q2 2026, for an estimated $234,083,830
    • DEUTSCHE BANK AG\ added 2,793,387 shares (+184.1%) to their portfolio in Q2 2026, for an estimated $201,878,078
    • MAGELLAN ASSET MANAGEMENT LTD removed 2,745,517 shares (-44.4%) from their portfolio in Q2 2026, for an estimated $198,418,513
    • WELLINGTON MANAGEMENT GROUP LLP removed 2,360,116 shares (-99.3%) from their portfolio in Q2 2026, for an estimated $170,565,583
    • JPMORGAN CHASE & CO added 1,877,845 shares (+inf%) to their portfolio in Q2 2026, for an estimated $135,711,858

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $ES Government Contracts

    We have seen $5,804,639 of award payments to $ES over the last year.

    Here are some of the awards which we have have seen pay out the most over the last year:

    • IGF::OT::IGF UTILITY ENERGY SERVICES CONTRACT (UESC) AT THE USCG ACADEMY PER THE INVESTMENT GRADE AUDIT BY ...: $2,807,723
    • FCI DANBURY NATURAL GAS FY26 GS-00P-16-BSD-1211: $767,000
    • FY26 ELECTRIC UTILITY- DELIVERY: $674,000
    • ELECTRICITY DISTRIBUTION SERVICES FOR THE JOHN F. KENNEDY LIBRARY.: $470,000
    • ELECTRIC SERVICES FY26 GS-00P-16-BSD-1211: $400,000

    To track government contracts to publicy traded companies, check out Investivoq's government contracts dashboard. You can access data on government contracts through the Investivoq API government contracts endpoint.

    $ES Price Targets

    Multiple analysts have issued price targets for $ES recently. We have seen 2 analysts offer price targets for $ES in the last 6 months, with a median target of $74.5.

    Here are some recent targets:

    • Shahriar Pourreza from Wells Fargo set a target price of $76.0 on 07/02/2026
    • James Thalacker from BMO Capital set a target price of $73.0 on 05/11/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.