Eversource Energy (NYSE: ES) is 6.93% higher on its value in year-to-date trading and has touched a low of $52.03 and a high of $68.72 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ES stock was last observed hovering at around $65.84 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $66.00, the stock is 1.58% and 8.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.19 million and changing 0.24% at the moment leaves the stock 11.42% off its SMA200. ES registered 2.37% gain for a year compared to 6-month gain of 14.74%.
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The stock witnessed a 6.87% loss in the last 1 month and extending the period to 3 months gives it a 8.59%, and is 0.38% 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 1.45% over the week and 2.07% over the month.
Eversource Energy (ES) has around 10171 employees, a market worth around $23.59B and $11.35B in sales. Fwd P/E is 13.75. Profit margin for the company is -0.81%. Distance from 52-week low is 26.85% and -3.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.22%).
The EPS is expected to grow by 5.08% this year.
Eversource Energy (ES) Top Institutional Holders
1160.0 institutions hold shares in Eversource Energy (ES), with institutional investors hold 86.43% of the company’s shares. The shares outstanding are 357.38M, and float is at 355.96M with Short Float at 1.20%. Institutions hold 86.20% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 41.97 million shares valued at $2.51 billion. The investor’s holdings represent 11.9671 of the ES Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 37.64 million shares valued at $2.25 billion to account for 10.7316 of the shares outstanding. The other top investors are STATE STREET CORP which holds 26.81 million shares representing 7.6436 and valued at over $1.6 billion, while GEODE CAPITAL MANAGEMENT, LLC holds 2.5537 of the shares totaling 8.96 million with a market value of $534.02 million.
Eversource Energy (ES) Insider Activity
The most recent transaction is an insider sale by Conner Penelope M, the company’s EVP-Cust Exp & Energy Strategy. SEC filings show that Conner Penelope M sold 815 shares of the company’s common stock on Aug 13 ’24 at a price of $65.50 per share for a total of $53382.0. Following the sale, the insider now owns 9032.0 shares.
Still, SEC filings show that on Aug 09 ’24, Conner Penelope M (EVP-Cust Exp & Energy Strategy) disposed off 500 shares at an average price of $64.94 for $32468.0. The insider now directly holds 9,847 shares of Eversource Energy (ES).
