11 Most Undervalued Utility Stocks to Buy Now

3. Eversource Energy (NYSE:ES)

Forward P/E: 6.40

On February 17, BMO Capital raised the firm’s price target on Eversource Energy (NYSE:ES) to $79 from $75 while maintaining a Market Perform rating following its Q4 results and updated guidance. The firm noted that the stock’s outperformance on the day was largely attributable to prior year-to-date underperformance and a financing plan that required limited incremental equity, which alleviated dilution concerns.

On February 16, UBS similarly raised its price target on Eversource Energy (NYSE:ES) to $80 from $75 while maintaining a Neutral stance after reviewing the Q4 report, highlighting multiple milestones in 2026 that will shape the company’s trajectory toward achieving the upper half of its 5%–7% long-term EPS growth target for 2025–2030.

Eversource Energy (NYSE:ES) reported Q4 2025 results on February 12, posting full-year 2025 non-GAAP EPS of $4.76 compared to $4.57 in 2024, representing approximately 4.2% growth. Full-year GAAP EPS increased significantly to $4.05 from $2.27, while Q4 EPS reached $1.12 on both a GAAP and non-GAAP basis, improving from GAAP $0.20 and non-GAAP $1.01 in the prior-year quarter. Management introduced 2026 EPS guidance of $4.80–$4.95 and reaffirmed a long-term EPS CAGR target of 5%–7%, with an objective to achieve the upper half of that range by 2028. Additionally, the company paid dividends of $3.01 per share in 2025, reflecting a 5.2% year-over-year increase.

Founded in 1966 and headquartered in Boston, Massachusetts, Eversource Energy (NYSE:ES) operates regulated electric, natural gas, and water utilities across Connecticut, Massachusetts, and New Hampshire.