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Friday, September 29, 2023

Insights Into Eversource Energy (ES) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Eversource Energy (ES) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.12, or 0.19%, to $64.56. The Eversource Energy has recorded 258,649 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Eversource Energy Closes on the Sale of Uncommitted Offshore Lease Area.

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Stocks Info

Eversource Energy is listed on the NYSE in the Utilities sector while operating in the Utilities – Regulated Electric industry. At the end of the last regular session, the stock closed at $64.44 and fluctuated between $64.46 as its day high and $63.74 as its day low. The current market capitalization of Eversource Energy is $22.23B. A total of 2.6 million shares were traded on the day, compared to an average of 2.07M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ES has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 1,362 and the disposition of 15,000 shares. Over the last 12 months, there were 28 BUYs and 18 SELLs from insiders. Insiders purchased 111,541 shares during that period but sold 51,100.

In the most recent transaction, BUTLER GREGORY B sold 15,000 shares of ES for 64.25 per share on Aug 16. After the transaction, the Executive VP & General Counsel now owns 63,554 company shares. In a previous transaction on Mar 03, FORRY LINDA DORCENA sold 1,554 shares at 75.03 per share. ES shares that Trustee owns now total 8,252.

Among the insiders who sold shares, Williams Frederica M disposed of 1,943 shares on Feb 16 at a per-share price of $78.83. This resulted in the Trustee holding 20,763 shares of ES after the transaction. In another insider transaction, VAN FAASEN WILLIAM C sold 1,943 shares at $81.08 per share on Jan 19. Company shares held by the Trustee now total 18,841.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Eversource Energy pays an annual dividend of $2.70, resulting in a dividend yield of 4.19%, and it has a price to earnings (P/E) ratio of 19.12. ES’s most recent ex-dividend date was when it declared a $0.6750 quarterly dividend that was paid in cash on 9/29/2023. Previously, the company paid the dividend on 6/30/2023 with an ex-dividend date of 5/17/2023. The ES stock dividend was $0.6750 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ES in the last 3 months, the mean price target is $79.07 with high estimates of $94.00 and low estimates of $66.00. In terms of 52-week highs and lows, ES has a high of $91.30 and a low of $60.37.

As of this writing, ES has an earnings estimate of $QuantumScape Corporation per share for the current quarter. EPS was calculated based on a consensus of Energy Transfer LP estimates, with a high estimate of $Goldman Sachs Group, Inc. (The) per share and a lower estimate of $Sea Limited.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ES’s latest balance sheet shows that the firm has $66.77M in Cash & Short Term Investments as of fiscal 2021. There were $20.22B in debt and $5.85B in liabilities at the time. Its Book Value Per Share was $44.51, while its Total Shareholder’s Equity was $14.76B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ES is Buy with a score of 3.64.

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