Eversource Energy (NYSE: ES) is -3.46% lower on its value in year-to-date trading and has touched a low of $77.07 and a high of $94.63 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ES stock was last observed hovering at around $88.61 in the last trading session, with the day’s loss setting it -0.78% off its average median price target of $95.00 for the next 12 months. It is also 15.55% off the consensus price target high of $104.00 offered by analysts, but current levels are 0.19% higher than the price target low of $88.00 for the same period.
Currently trading at $87.83, the stock is -3.11% and -1.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing -0.88% at the moment leaves the stock 0.03% off its SMA200. ES registered 5.14% gain for a year compared to 6-month gain of 4.31%.
The stock witnessed a -4.80% loss in the last 1 month and extending the period to 3 months gives it a 9.00%, and is -3.15% down 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 1.83% over the week and 1.86% over the month.
Eversource Energy (ES) has around 9227 employees, a market worth around $30.22B and $11.04B in sales. Current P/E ratio is 22.90 and Fwd P/E is 20.03. Profit margin for the company is 12.00%. Distance from 52-week low is 13.97% and -7.19% from its 52-week high. The company has generated returns on investments over the last 12 months (4.70%).
Eversource Energy (ES) Analyst Forecasts
The EPS is expected to shrink by -0.10% this year
Eversource Energy (ES) Top Institutional Holders
The shares outstanding are 345.89M, and float is at 345.13M with Short Float at 1.19%.
Eversource Energy (ES) Insider Activity
A total of 7 insider transactions have happened at Eversource Energy (ES) in the last six months, with sales accounting for 5 and purchases happening 2 times. The most recent transaction is an insider sale by BUTLER GREGORY B, the company’s Executive VP & General Counsel. SEC filings show that BUTLER GREGORY B sold 5,000 shares of the company’s common stock on Aug 29 at a price of $91.33 per share for a total of $0.46 million. Following the sale, the insider now owns 71814.0 shares.
Eversource Energy disclosed in a document filed with the SEC on Jun 01 that BUTH JAY S. (VP, Controller, Chief Acct Off) sold a total of 650 shares of the company’s common stock. The trade occurred on Jun 01 and was made at $92.55 per share for $60158.0. Following the transaction, the insider now directly holds 17516.0 shares of the ES stock.
Still, SEC filings show that on May 24, Conner Penelope M (EVP-Cust Exp & Energy Strategy) disposed off 4,000 shares at an average price of $91.75 for $0.37 million. The insider now directly holds 4,979 shares of Eversource Energy (ES).
Eversource Energy (ES): Who are the competitors?
The company’s main competitors (and peers) include NextEra Energy Inc. (NEE) that is trading 2.50% up over the past 12 months and The Southern Company (SO) that is 19.31% higher over the same period. Dominion Energy Inc. (D) is 5.93% up on the 1-year trading charts.