In the latest trading session,, 2.07 million Eversource Energy (NYSE:ES) shares changed hands as the company’s beta touched 0.63. With the company’s most recent per share price at $59.33 changing hands around $0.23 or 0.40% at last look, the market valuation stands at $21.78B. ES’s current price is a discount, trading about -16.32% off its 52-week high of $69.01. The share price had its 52-week low at $52.28, which suggests the last value was 11.88% up since then. When we look at Eversource Energy’s average trading volume, we note the 10-day average is 2.93 million shares, with the 3-month average coming to 3.04 million.
Analysts gave the Eversource Energy (ES) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.43. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended ES as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Eversource Energy’s EPS for the current quarter is expected to be 1.51.
Eversource Energy (NYSE:ES) trade information
Instantly ES is in green as seen in intraday trades today. With action 2.21%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 3.32%, with the 5-day performance at 2.21% in the green. However, in the 30-day time frame, Eversource Energy (NYSE:ES) is -2.92% down. Looking at the short shares, we see there were 6.46 million shares sold at short interest cover period of 2.42 days.
The consensus price target for the stock as assigned by Wall Street analysts is 75, meaning bulls need an upside of 20.89% from its recent market value. According to analyst projections, ES’s forecast low is 67 with 98 as the target high. To hit the forecast high, the stock’s price needs a -65.18% plunge from its current level, while the stock would need to soar -12.93% for it to hit the projected low.
Eversource Energy (ES) estimates and forecasts
Year-over-year growth is forecast to reach 11.04% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 3.77B. 5 analysts are of the opinion that Eversource Energy’s revenue for the current quarter will be 2.97B. The company’s revenue for the corresponding quarters a year ago was 3.33B and 2.53B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 13.18%. The estimates for the next quarter sales put growth at 17.05%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -4.21%. The 2025 estimates are for Eversource Energy earnings to increase by 3.89%, but the outlook for the next 5-year period is at 4.91% per year.
ES Dividends
Eversource Energy is expected to release its next quarterly earnings report on 2025-Feb-10. The 4.88% annual yield figure for the share gives it an annual dividend of 2.90. It is important to note, however, that the 4.88% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.45 per year.
Eversource Energy (NYSE:ES)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.19% of Eversource Energy shares while 85.73% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 85.89%. There are 85.73% institutions holding the Eversource Energy stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.947% of the shares, roughly 42.2 million ES shares worth $2.39 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 10.6758% or 37.71 million shares worth $2.14 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . With 11.52 shares estimated at $681.73 million under it, the former controlled 3.14% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held about 2.70% of the shares, roughly 9.92 shares worth around $586.86 million.
