Investing In Eversource Energy (NYSE: ES): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Ørsted and Eversource Win Bid for Updated Sunrise Wind Project in New York.

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Stocks Info

The company is listed on the NYSE and operates within the Utilities – Regulated Electric industry segment. At the end of the last regular session, the stock closed at $59.77 and fluctuated between $59.99 as its day high and $58.80 as its day low. The current market capitalization of Eversource Energy is $20.90B. A total of 1.92 million shares were traded on the day, compared to an average of 3.21M shares.

In the most recent transaction, FORRY LINDA DORCENA sold 822 shares of ES for 58.12 per share on Mar 01 ’24. After the transaction, the Trustee now owns 10,485 company shares. In a previous transaction on Feb 26 ’24, Williams Frederica M sold 2,714 shares at 57.60 per share. ES shares that Trustee owns now total 21,621.

Among the insiders who sold shares, VAN FAASEN WILLIAM C disposed of 2,714 shares on Jan 18 ’24 at a per-share price of $54.50. This resulted in the Trustee holding 19,619 shares of ES after the transaction. In another insider transaction, BUTLER GREGORY B sold 15,000 shares at $64.25 per share on Aug 16 ’23. Company shares held by the Executive VP & General Counsel now total 63,554.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. ES’s most recent ex-dividend date was 3/4/2024 when it declared a $0.7150 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/15/2023. The ES stock dividend was $0.6750 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, ES has a high of $81.36 and a low of $52.03.

As of this writing, ES has an earnings estimate of $1.51 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $1.75 per share and a lower estimate of $1.4. The company reported an EPS of $0.97 in the last quarter, which was -1.00% lower than expectations of $0.98.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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 $40.55, while its Total Shareholder’s Equity was $14.76B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.65.

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