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These Numbers Show Favorable Signs for Eversource Energy (ES)

Eversource Energy (NYSE: ES) is -3.16% lower on its value in year-to-date trading and has touched a low of $52.03 and a high of $81.36 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 $58.98 in the last trading session, with the day’s gains setting it 0.79%.

Currently trading at $59.77, the stock is 1.71% and 5.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.92 million and changing 1.34% at the moment leaves the stock -2.56% off its SMA200. ES registered -21.54% loss for a year compared to 6-month loss of 1.70%. The firm has a 50-day simple moving average (SMA 50) of $4.00 and a 200-day simple moving average (SMA200) of $34.14.

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The stock witnessed a 1.98% gain in the last 1 month and extending the period to 3 months gives it a -2.59%, and is 3.25% 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 2.38% over the week and 2.27% over the month.

Eversource Energy (ES) has around 10171 employees, a market worth around $20.90B and $11.91B in sales. Fwd P/E is 12.49. Profit margin for the company is -3.71%. Distance from 52-week low is 14.88% and -26.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.16%).

Eversource Energy quarterly earnings per share for the current quarter are estimated at $1.51 with sales reaching $3.64B over the same period.The EPS is expected to grow by 4.36% this year, but quarterly earnings will post 9.30% year-over-year. Quarterly sales are estimated to grow 12.90% in year-over-year returns.

Eversource Energy (ES) Top Institutional Holders

1,157 institutions hold shares in Eversource Energy (ES), with institutional investors hold 83.62% of the company’s shares. The shares outstanding are 349.54M, and float is at 348.00M with Short Float at 1.50%. Institutions hold 83.39% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 46.48 million shares valued at $3.3 billion. The investor’s holdings represent 13.32% of the ES Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 38.16 million shares valued at $2.71 billion to account for 10.93% of the shares outstanding. The other top investors are State Street Corporation which holds 25.12 million shares representing 7.20% and valued at over $1.78 billion, while Wells Fargo & Company holds 2.25% of the shares totaling 7.86 million with a market value of $557.69 million.

Eversource Energy (ES) Insider Activity

The most recent transaction is an insider sale by FORRY LINDA DORCENA,the company’sTrustee. SEC filings show that FORRY LINDA DORCENA sold 822 shares of the company’s common stock on Mar 01 ’24 at a price of $58.12 per share for a total of $47775.0. Following the sale, the insider now owns 10485.0 shares.

Eversource Energy disclosed in a document filed with the SEC on Feb 26 ’24 that Williams Frederica M (Trustee) sold a total of 2,714 shares of the company’s common stock. The trade occurred on Feb 26 ’24 and was made at $57.60 per share for $0.16 million. Following the transaction, the insider now directly holds 21621.0 shares of the ES stock.

Still, SEC filings show that on Jan 18 ’24, VAN FAASEN WILLIAM C (Trustee) disposed off 2,714 shares at an average price of $54.50 for $0.15 million. The insider now directly holds 19,619 shares of Eversource Energy (ES).

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