Eversource Energy (NYSE: ES) is 9.74% higher on its value in year-to-date trading and has touched a low of $52.03 and a high of $69.01 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 $68.05 in the last trading session, with the day’s loss setting it -0.32%.
Currently trading at $67.73, the stock is 0.35% and 2.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.44 million and changing -0.47% at the moment leaves the stock 11.78% off its SMA200. ES registered 16.47% gain for a year compared to 6-month gain of 14.27%. The firm has a 50-day simple moving average (SMA 50) of $66.3622 and a 200-day simple moving average (SMA200) of $60.6175.
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The stock witnessed a 0.30% loss in the last 1 month and extending the period to 3 months gives it a 19.83%, and is 1.82% 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 1.72% over the week and 1.47% over the month.
Eversource Energy (ES) has around 10171 employees, a market worth around $24.21B and $11.35B in sales. Fwd P/E is 14.12. Profit margin for the company is -0.81%. Distance from 52-week low is 30.17% and -1.85% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.22%).
with sales reaching $2.94B over the same period.The EPS is expected to grow by 5.09% this year, but quarterly earnings will post 5.50% year-over-year. Quarterly sales are estimated to grow 5.50% in year-over-year returns.
Eversource Energy (ES) Top Institutional Holders
1149.0 institutions hold shares in Eversource Energy (ES), with institutional investors hold 85.39% of the company’s shares. The shares outstanding are 357.38M, and float is at 356.43M with Short Float at 1.19%. Institutions hold 85.15% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 42.2 million shares valued at $2.39 billion. The investor’s holdings represent 12.032% of the ES Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 37.71 million shares valued at $2.14 billion to account for 10.7517 of the shares outstanding. The other top investors are STATE STREET CORP which holds 25.11 million shares representing 7.1594% and valued at over $1.42 billion, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 2.7749 of the shares totaling 9.73 million with a market value of $551.91 million.
Eversource Energy (ES) Insider Activity
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Eversource Energy disclosed in a document filed with the SEC on Oct 13 ’23 that NOVA DANIEL J (Trustee) bought a total of 325 shares of the company’s common stock. The trade occurred on Oct 13 ’23 and was made at $54.49 per share for $17709.0. Following the transaction, the insider now directly holds 390.0 shares of the ES stock.
Still, SEC filings show that on Feb 23 ’24, NOVA DANIEL J (Trustee) acquired 125 shares at an average price of $58.93 for $7366.0. The insider now directly holds 100 shares of Eversource Energy (ES).
