Is A Blocked Aquarion Sale And New Board Voice Altering The Investment Case For Eversource Energy (ES)?

• Eversource Energy recently held a board meeting where it approved a quarterly dividend of US$0.7525 per share and elected veteran telecom executive W. Robert “Bob” Mudge to its Board of Trustees, effective January 1, 2026, with roles on the Audit and Finance and Risk Management Committees.
• These governance moves come as the company reassesses its plans after Connecticut regulators blocked the more than US$2.00 billion sale of its Aquarion water utility business, a decision that directly affects its balance sheet and capital allocation options.
• We’ll now examine how the blocked Aquarion sale reshapes Eversource’s investment narrative, particularly around balance sheet flexibility and future earnings visibility.

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Eversource Energy Investment Narrative Recap

To own Eversource Energy, you need to be comfortable with a regulated utility that is working through balance sheet pressures while continuing to prioritize its dividend and core electric and gas networks. The blocked Aquarion sale directly affects the main near term catalyst of strengthening the balance sheet and heightens the key risk around regulatory and financing outcomes, but the latest dividend decision and board changes do not by themselves materially change that risk profile.

The most relevant recent announcement here is the affirmed quarterly dividend of US$0.7525 per share, payable on December 31, 2025. Keeping the payout intact, even after the Aquarion decision, underlines how dependent the current investment case is on stable cash generation and eventual progress on other balance sheet levers, such as storm cost securitization and ongoing access to capital at acceptable terms.

However, investors should be aware that if storm cost securitization in Connecticut is delayed or constrained, it could...

Read the full narrative on Eversource Energy (it's free!)

Eversource Energy's narrative projects $14.8 billion revenue and $2.1 billion earnings by 2028.

Uncover how Eversource Energy's forecasts yield a $72.93 fair value, a 8% upside to its current price.

Exploring Other Perspectives

Four fair value estimates from the Simply Wall St Community span a wide range, from US$52 to about US$222 per share, showing how far apart individual views can be. Against that backdrop, the blocked Aquarion sale and ongoing regulatory uncertainty around balance sheet repair may be key reasons to compare several of these perspectives before deciding how Eversource fits into your portfolio.

Explore 4 other fair value estimates on Eversource Energy - why the stock might be worth 23% less than the current price!

Build Your Own Eversource Energy Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Eversource Energy research is our analysis highlighting 3 key rewards and 3 important warning signs that could impact your investment decision.
• Our free Eversource Energy research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Eversource Energy's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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