Eversource Energy (ES)’s Market Momentum: Closing Strong at 60.53, Down -0.61

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As of close of business last night, Eversource Energy’s stock clocked out at $60.53, down -0.61% from its previous closing price of $60.90. In other words, the price has decreased by -$0.61 from its previous closing price. On the day, 2.11 million shares were traded. ES stock price reached its highest trading level at $61.005 during the session, while it also had its lowest trading level at $60.32.

Ratios:

To gain a deeper understanding of ES’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.68 and its Current Ratio is at 0.77. In the meantime, Its Debt-to-Equity ratio is 1.94 whereas as Long-Term Debt/Eq ratio is at 1.74.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on April 10, 2024, initiated with a Buy rating and assigned the stock a target price of $73.

On April 04, 2024, UBS Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $62 to $67.

Mizuho Upgraded its Neutral to Buy on February 15, 2024, whereas the target price for the stock was revised from $54 to $62.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 01 ’24 when FORRY LINDA DORCENA sold 822 shares for $58.12 per share. The transaction valued at 47,775 led to the insider holds 10,485 shares of the business.

Williams Frederica M sold 2,714 shares of ES for $156,337 on Feb 26 ’24. The Trustee now owns 21,621 shares after completing the transaction at $57.60 per share. On Jan 18 ’24, another insider, VAN FAASEN WILLIAM C, who serves as the Trustee of the company, sold 2,714 shares for $54.50 each. As a result, the insider received 147,913 and left with 19,619 shares of the company.

Valuation Measures:

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 21321994240 and an Enterprise Value of 49505308672. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.86 while its Price-to-Book (P/B) ratio in mrq is 1.46. Its current Enterprise Value per Revenue stands at 4.325 whereas that against EBITDA is 12.519.

Stock Price History:

The Beta on a monthly basis for ES is 0.62, which has changed by -0.17780495 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, ES has reached a high of $77.53, while it has fallen to a 52-week low of $52.03. The 50-Day Moving Average of the stock is 1.74%, while the 200-Day Moving Average is calculated to be 1.89%.

Shares Statistics:

It appears that ES traded 2.44M shares on average per day over the past three months and 2104390 shares per day over the past ten days. A total of 352.25M shares are outstanding, with a floating share count of 351.21M. Insiders hold about 0.30% of the company’s shares, while institutions hold 80.77% stake in the company. Shares short for ES as of 1714435200 were 5143307 with a Short Ratio of 2.11, compared to 1711584000 on 4735079. Therefore, it implies a Short% of Shares Outstanding of 5143307 and a Short% of Float of 1.91.

Dividends & Splits

With its trailing 12-month dividend rate of 2.74, ES has a forward annual dividend rate of 3.46. Against a Trailing Annual Dividend Yield of 0.045526292The stock’s 5-year Average Dividend Yield is 3.04.

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