Eversource Energy (NYSE: ES) is 3.03% higher on its value in year-to-date trading and has touched a low of $60.69 and a high of $99.42 in the current 52-week trading range. The ES stock was last observed hovering at around $85.12 in the last trading session, with the day’s gains setting it 4.01% off its average median price target of $94.00 for the next 12 months. It is also 10.87% off the consensus price target high of $100.00 offered by 18 analysts, but current levels are -8.7% lower than the price target low of $82.00 for the same period.
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Currently trading at $89.13, the stock is 4.57% and 1.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.88 million and changing 4.71% at the moment leaves the stock 4.30% off its SMA200. ES registered 7.80% gain for a year compared to 6-month gain of 4.69%. The firm has a 50-day simple moving average (SMA 50) of $86.39 and a 200-day simple moving average (SMA200) of $87.07.
The stock witnessed a 4.20% loss in the last 1 month and extending the period to 3 months gives it a -1.82%, and is 4.62% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.65% over the week and 2.04% over the month.
Eversource Energy (ES) has around 8234 employees, a market worth around $30.14B and $8.71B in sales. Current P/E ratio is 25.31 and Fwd P/E is 22.88. Profit margin for the company is 13.60%. Distance from 52-week low is 46.86% and -10.35% from its 52-week high. The company has generated returns on investments over the last 12 months (4.70%).
Eversource Energy (ES) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Eversource Energy (ES) is a “Hold”. 18 analysts offering their recommendations for the stock have an average rating of 2.50, where 7 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 4 analysts have rated the stock as a Sell or Underperform.
Eversource Energy is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.84 with sales reaching $2.11B over the same period.The EPS is expected to shrink by -13.80% this year, but quarterly earnings will post 4.50% year-over-year. Quarterly sales are estimated to grow 2.80% in year-over-year returns.
Eversource Energy (ES) Top Institutional Holders
1,056 institutions hold shares in Eversource Energy (ES), with 1.17M shares held by insiders accounting for 0.34% while institutional investors hold 80.84% of the company’s shares. The shares outstanding are 343.08M, and float is at 341.66M with Short Float at 0.85%. Institutions hold 80.56% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 41.43 million shares valued at $3.46 billion. The investor’s holdings represent 12.08% of the ES Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 30.32 million shares valued at $2.53 billion to account for 8.85% of the shares outstanding. The other top investors are Magellan Asset Management Ltd which holds 24.59 million shares representing 7.17% and valued at over $2.05 billion, while State Street Corporation holds 5.76% of the shares totaling 19.74 million with a market value of $1.65 billion.
Eversource Energy (ES) Insider Activity
A total of 5 insider transactions have happened at Eversource Energy (ES) in the last six months, with sales accounting for 5 and purchases happening 0 times. The most recent transaction is an insider sale by NOLAN JOSEPH R JR, the company’s EVP-Strategy, Cust & Corp Rel. SEC filings show that NOLAN JOSEPH R JR sold 11,168 shares of the company’s common stock on Nov 09 at a price of $95.00 per share for a total of $1.06 million. Following the sale, the insider now owns 15981.0 shares.
Eversource Energy disclosed in a document filed with the SEC on Oct 08 that Carmody Christine M (EVP – HR and IT) sold a total of 11,142 shares of the company’s common stock. The trade occurred on Oct 08 and was made at $92.00 per share for $1.03 million. Following the transaction, the insider now directly holds 33327.0 shares of the ES stock.
Still, SEC filings show that on Sep 04, BUTLER GREGORY B (Executive VP & General Counsel) disposed off 5,375 shares at an average price of $86.04 for $0.46 million. The insider now directly holds 70,950 shares of Eversource Energy (ES).
Eversource Energy (ES): Who are the competitors?
The company’s main competitors (and peers) include Alliant Energy Corporation (LNT) that is trading -5.20% down over the past 12 months. Unitil Corporation (UTL) is -27.45% down on the 1-year trading charts. Short interest in the company’s stock has fallen -5.17% from the last report on Nov 12, 2020 to stand at a total of 3.05 million short shares sold with a short interest ratio of 2.21.