Eversource Energy (NYSE: ES) is -2.73% lower on its value in year-to-date trading and has touched a low of $52.09 and a high of $69.01 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 $55.63 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $55.86, the stock is -2.34% and -7.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.32 million and changing 0.41% at the moment leaves the stock -9.71% off its SMA200. ES registered -4.28% loss for a year compared to 6-month gain of -7.42%. The firm has a 50-day simple moving average (SMA 50) of $60.3798 and a 200-day simple moving average (SMA200) of $61.8713.
The stock witnessed a -7.73% loss in the last 1 month and extending the period to 3 months gives it a -12.53%, and is -2.53% 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 2.36% over the week and 1.90% over the month.
Eversource Energy (ES) has around 10171 employees, a market worth around $20.47B and $11.62B in sales. Fwd P/E is 11.70. Profit margin for the company is -4.73%. Distance from 52-week low is 7.24% and -19.06% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.33%).
with sales reaching $3.13B over the same period.The EPS is expected to grow by 5.04% this year, but quarterly earnings will post 2.89% year-over-year. Quarterly sales are estimated to grow 16.23% in year-over-year returns.
Eversource Energy (ES) Top Institutional Holders
1204.0 institutions hold shares in Eversource Energy (ES), with institutional investors hold 84.68% of the company’s shares. The shares outstanding are 366.40M, and float is at 365.45M with Short Float at 1.45%. Institutions hold 84.45% 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 Feb 23 ’24 that NOVA DANIEL J (Trustee) bought a total of 125 shares of the company’s common stock. The trade occurred on Feb 23 ’24 and was made at $58.93 per share for $7366.0. Following the transaction, the insider now directly holds 100.0 shares of the ES stock.
Still, SEC filings show that on Mar 26 ’24, NOVA DANIEL J (Trustee) acquired 125 shares at an average price of $56.59 for $7074.0. The insider now directly holds 200 shares of Eversource Energy (ES).
