10 High Yield Utility Stocks to Buy in 2026

2. Eversource Energy (NYSE:ES)

Dividend Yield as of January 27: 4.26%

Number of Hedge Fund Holders: 41

Eversource Energy (NYSE:ES) operates New England’s largest energy delivery system and serves customers in Connecticut, Massachusetts, and New Hampshire.

Eversource Energy (NYSE:ES) announced on January 27 that its Board of Trustees has approved a quarterly dividend of $0.7875 per share, marking a 4.65% increase from its previous payout of $0.7525. This marks the 26th consecutive annual dividend increase by the utility. The dividend will be payable on March 31 to all shareholders of record as of March 5, 2026. ES boasts a robust annual dividend yield of 4.26% and was recently included in our list of the 14 Best Dividend Growth Stocks to Buy and Hold in 2026.

In other news, on January 20, Wells Fargo raised its price target on Eversource Energy (NYSE:ES) from $63 to $71, while maintaining an ‘Equal Weight’ rating on the shares. However, the analyst firm sees the revision as a battleground call, as it needs visibility on constructive outcomes to fill the major hole in the utility’s balance sheet. Wells noted that while there are pathways, it is still too early to get back into the shares.