A Stock You Should Be Looking At: Eversource Energy (NYSE:ES)

The price of Eversource Energy (NYSE: ES) closed at $75.93 in the last session, up 1.51% from day before closing price of $74.80. In other words, the price has increased by $+1.13 from its previous closing price. On the day, 2602144 shares were traded. ES stock price reached its highest trading level at $76.58 during the session, while it also had its lowest trading level at $75.12.

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We take a closer look at ES’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 0.60. In the meantime, Its Debt-to-Equity ratio is 1.49 whereas as Long-Term Debt/Eq ratio is at 1.30.

Upgrades & Downgrades

On January 24, 2023, Evercore ISI Upgraded its rating to Outperform which previously was In-line and also upped its target price recommendation from $86 to $92.

Wolfe Research Upgraded its Peer Perform to Outperform on August 01, 2022, while the target price for the stock was maintained at $96.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 03 when FORRY LINDA DORCENA sold 1,554 shares for $75.03 per share. The transaction valued at 116,594 led to the insider holds 8,252 shares of the business.

Williams Frederica M sold 1,943 shares of ES for $153,167 on Feb 16. The Trustee now owns 20,763 shares after completing the transaction at $78.83 per share. On Jan 19, another insider, VAN FAASEN WILLIAM C, who serves as the Trustee of the company, sold 1,943 shares for $81.08 each. As a result, the insider received 157,538 and left with 18,841 shares of the company.

Valuation Measures:

As of this moment, Eversource’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.76, and their Forward P/E ratio for the next fiscal year is 16.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.21 while its Price-to-Book (P/B) ratio in mrq is 1.71.

Stock Price History:

Over the past 52 weeks, ES has reached a high of $94.63, while it has fallen to a 52-week low of $70.54. The 50-Day Moving Average of the stock is 79.85, while the 200-Day Moving Average is calculated to be 83.07.

Shares Statistics:

According to the various share statistics, ES traded on average about 1.61M shares per day over the past 3-months and 2.21M shares per day over the past 10 days. A total of 348.79M shares are outstanding, with a floating share count of 347.02M. Insiders hold about 0.10% of the company’s shares, while institutions hold 82.00% stake in the company. Shares short for ES as of Jan 30, 2023 were 3.97M with a Short Ratio of 4.02M, compared to 3.9M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.14% and a Short% of Float of 1.49%.

Dividends & Splits

The forward annual dividend rate for ES is 2.70, which was 2.27 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 3.03%, it implies a Forward Annual Dividend Yield of 3.45%. The stock’s 5-year Average Dividend Yield is 2.78. The current Payout Ratio is 62.90% for ES, which recently paid a dividend on Mar 30, 2023 with an ex-dividend date of Feb 28, 2023. Stock splits for the company last occurred on Apr 29, 2013 when the company split stock in a 2:1 ratio.

Earnings Estimates

The company has 12 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.94 for the current quarter, with a high estimate of $0.96 and a low estimate of $0.91, while EPS last year was $0.91. The consensus estimate for the next quarter is $1.35, with high estimates of $1.56 and low estimates of $1.19.

Analysts are recommending an EPS of between $4.13 and $4.07 for the fiscal current year, implying an average EPS of $4.1. EPS for the following year is $4.37, with 18 analysts recommending between $4.41 and $4.31.

Revenue Estimates

According to 6 analysts, the current quarter’s revenue is expected to be $1.91B. It ranges from a high estimate of $2.77B to a low estimate of $919.23M. As of the current estimate, Eversource Energy’s year-ago sales were $2.56B, an estimated decrease of -25.40% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $3.2B, a decrease of -7.80% over than the figure of -$25.40% in the same quarter last year. There is a high estimate of $3.55B for the next quarter, whereas the lowest estimate is $2.88B.

A total of 8 analysts have provided revenue estimates for ES’s current fiscal year. The highest revenue estimate was $12.03B, while the lowest revenue estimate was $9.15B, resulting in an average revenue estimate of $11B. In the same quarter a year ago, actual revenue was $9.94B, up 10.60% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $11.34B in the next fiscal year. The high estimate is $13.68B and the low estimate is $9.73B. The average revenue growth estimate for next year is up 3.10% from the average revenue estimate for this year.