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The closing price of Eversource Energy (NYSE: ES) was $63.03 for the day, up 3.63% from the previous closing price of $60.82. In other words, the price has increased by $3.63 from its previous closing price. On the day, 2.3 million shares were traded. ES stock price reached its highest trading level at $63.105 during the session, while it also had its lowest trading level at $61.3.
Ratios:
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 0.68 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.
On April 10, 2024, Goldman started tracking the stock assigning a Buy rating and target price of $73.
UBS Upgraded its Neutral to Buy on April 04, 2024, whereas the target price for the stock was revised from $62 to $67.
Insider Transactions:
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 May 31 ’24 when Conner Penelope M sold 2,700 shares for $58.75 per share. The transaction valued at 158,633 led to the insider holds 10,272 shares of the business.
BUTLER GREGORY B sold 10,000 shares of ES for $562,010 on May 29 ’24. The Executive VP & General Counsel now owns 63,808 shares after completing the transaction at $56.20 per share. On Mar 01 ’24, another insider, FORRY LINDA DORCENA, who serves as the Trustee of the company, sold 822 shares for $58.12 each. As a result, the insider received 47,775 and left with 10,485 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 22202632192 and an Enterprise Value of 50385948672. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.94 while its Price-to-Book (P/B) ratio in mrq is 1.52. Its current Enterprise Value per Revenue stands at 4.401 whereas that against EBITDA is 12.742.
Stock Price History:
Over the past 52 weeks, ES has reached a high of $74.75, while it has fallen to a 52-week low of $52.03. The 50-Day Moving Average of the stock is 6.85%, while the 200-Day Moving Average is calculated to be 8.18%.
Shares Statistics:
ES traded an average of 1.97M shares per day over the past three months and 1903880 shares per day over the past ten days. A total of 352.25M shares are outstanding, with a floating share count of 351.23M. Insiders hold about 0.29% of the company’s shares, while institutions hold 83.43% stake in the company. Shares short for ES as of 1719532800 were 4919275 with a Short Ratio of 2.49, compared to 1717113600 on 4615066. Therefore, it implies a Short% of Shares Outstanding of 4919275 and a Short% of Float of 1.83.
Dividends & Splits
With its trailing 12-month dividend rate of 2.74, ES has a forward annual dividend rate of 2.78. Against a Trailing Annual Dividend Yield of 0.04505097The stock’s 5-year Average Dividend Yield is 3.1.
