14 Cheap DRIP Stocks to Buy Now

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6. Eversource Energy (NYSE:ES)

Forward P/E: 14.16

On March 27, BofA analyst Ross Fowler lowered the firm’s price recommendation on Eversource Energy (NYSE:ES) to $73 from $82. It maintained a Buy rating on the shares. The firm said it revised its FY26–28 EPS estimates to reflect a full 100 basis point base ROE drag in 2026 tied to Opinion No. 594. It noted that the ruling resets the New England Transmission Owners’ base ROE to 9.57% and introduces two refund obligations.

During the Q4 2025 earnings call, the company said it expects 2026 earnings per share to come in between $4.80 and $4.95. It indicated that earnings growth will be more moderate, pointing to the timing of key regulatory decisions, along with pressure related to Aquarion and storm cost recovery. John Moreira, Executive VP, CFO & Treasurer, said the slower growth outlook is largely tied to when those regulatory outcomes are expected to come through.

Looking further out, the company pointed to a stronger pickup in earnings growth in 2027 and 2028. It expects this to be supported by improved regulatory outcomes, recovery of storm-related costs, and adjustments to distribution rates. It also outlined a five-year long-term EPS growth target of 5% to 7%, based on 2025 non-GAAP recurring EPS of $4.76 per share, and said it expects to reach the upper end of that range by 2028. The company highlighted a $26.5 billion capital plan focused on investments in electric and natural gas distribution, transmission, and technology. It added that including Aquarion Water would raise the total by another $1.3 billion.

Eversource Energy (NYSE:ES) operates as a utility holding company, delivering energy through its subsidiaries. Its segments include Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution.

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