The closing price of Eversource Energy (NYSE: ES) was $70.86 for the day, down -1.31% from the previous closing price of $71.80. In other words, the price has decreased by -$0.94 from its previous closing price. On the day, 1726184 shares were traded. ES stock price reached its highest trading level at $71.57 during the session, while it also had its lowest trading level at $70.42.
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Our analysis of ES’s different ratios will help us gain a deeper understanding of the company. 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 1.51 whereas as Long-Term Debt/Eq ratio is at 1.33.
Upgrades & Downgrades
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ES now has a Market Capitalization of 26.75B and an Enterprise Value of 49.32B. As of this moment, Eversource’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.00, and their Forward P/E ratio for the next fiscal year is 15.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.98 while its Price-to-Book (P/B) ratio in mrq is 1.57. Its current Enterprise Value per Revenue stands at 3.91 whereas that against EBITDA is 12.32.
Stock Price History:
Over the past 52 weeks, ES has reached a high of $94.41, while it has fallen to a 52-week low of $70.54. The 50-Day Moving Average of the stock is 76.85, while the 200-Day Moving Average is calculated to be 80.72.
ES traded an average of 1.87M shares per day over the past three months and 1.98M shares per day over the past ten days. A total of 349.22M 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 May 14, 2023 were 4.16M with a Short Ratio of 4.16M, compared to 3.75M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.19% and a Short% of Float of 1.19%.
Dividends & Splits
With its trailing 12-month dividend rate of 2.59, ES has a forward annual dividend rate of 2.70. Against a Trailing Annual Dividend Yield of 3.60%, it implies a Forward Annual Dividend Yield of 3.76%. The stock’s 5-year Average Dividend Yield is 2.78. The current Payout Ratio is 62.00% for ES, which recently paid a dividend on Jun 29, 2023 with an ex-dividend date of May 16, 2023. Stock splits for the company last occurred on Apr 29, 2013 when the company split stock in a 2:1 ratio.
The firm’s stock currently is rated by 10 analysts. On average, analysts expect EPS of $0.86 for the current quarter, with a high estimate of $0.93 and a low estimate of $0.66, while EPS last year was $0.86. The consensus estimate for the next quarter is $1.09, with high estimates of $1.28 and low estimates of $1.
Analysts are recommending an EPS of between $4.45 and $4.34 for the fiscal current year, implying an average EPS of $4.37. EPS for the following year is $4.66, with 15 analysts recommending between $4.72 and $4.6.
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $2.83B to a low estimate of $2.76B. As of the current estimate, Eversource Energy’s year-ago sales were $2.57B, an estimated increase of 8.70% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $3.18B, an increase of 20.10% over than the figure of $8.70% in the same quarter last year. There is a high estimate of $3.21B for the next quarter, whereas the lowest estimate is $3.14B.
A total of 7 analysts have provided revenue estimates for ES’s current fiscal year. The highest revenue estimate was $13.8B, while the lowest revenue estimate was $11.7B, resulting in an average revenue estimate of $12.76B. In the same quarter a year ago, actual revenue was $12.29B, up 3.80% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $12.74B in the next fiscal year. The high estimate is $14.19B and the low estimate is $9.97B. The average revenue growth estimate for next year is down -0.10% from the average revenue estimate for this year.