What Eversource Energy (ES) Insiders Are Up To

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BBAI
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Eversource Energy (NYSE:ES) finished Thursday with a subtraction of -$1.39 to close at $86.60, a downside of -1.58 percent. An average of 1,160,519 shares of common stock have been traded in the last five days. There was a fall of -$2.32 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 1,423,875 shares traded, while the 50-day average volume stands at 1,313,230.

ES stock has decreased by -4.11% in the last month. The company shares reached their 1-month lowest point of $86.07 on 09/23/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $77.07 and a high of $94.63 in 52 weeks. It has reached a new high 7 times so far this year and lost -3.29% or -$4.50 in price. In spite of this, the price is down -8.49% from the 52-week high.


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Insider Transactions

25 days have passed since Eversource Energy (ES) last reported insider trading activity. BUTLER GREGORY B, who is Executive VP & General Counsel, most recently acquired $5,000 shares at $91.33 per share on Aug 29. In this transaction, the insider spent $456,625. VP, Controller, Chief Acct Off, BUTH JAY S., disposed of 650 shares at a price of $92.55 on Jun 01. The insider now owns more than $60,158 worth of shares. Prior to that, EVP-Cust Exp & Energy Strategy Conner Penelope M went on to Sale 4,000 shares at $91.75 each on May 24. An amount of $367,000 was transacted.

Valuation Metrics

Eversource Energy (ES) has a trailing price-to-earnings (P/E) ratio of 22.94. The stock’s beta is 0.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.74, the price-to-book (PB) ratio at 2.02.

The company has a payout ratio of 64.50%. The company’s most recent quarterly dividend payment was $0.6375 a share, without any change from last year. Its latest increase dividend $0.0350 reported on Wednesday February 2 2022.

Financial Health

The quick ratio of Eversource Energy for the three months ended June 29 was 0.70, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.33 and a total debt to equity ratio of 1.42 for the quarter ending June 29. Its gross profit as reported stood at $1.99 billion compared to revenue of $9.86 billion.

Earnings Surprise

For the three-month period that ended June 29, Eversource Energy had $19.58 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $291.86 million in the quarter, while revenues of $443.45 million were grew 9.37%. The analyst consensus anticipated Eversource Energy’s latest quarter earnings to come in at $0.84 per share, but it turned out to be $0.86, a 2.40% surprise. For the quarter, EBITDA amounted to $820.22 million. Shareholders own equity worth $346.44 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Eversource Energy (ES) price momentum. RSI 9-day as of the close on 22 September was 32.37%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.99%.

As of today, ES’s price is $88.09 -2.61% or -$2.32 from its 5-day moving average. ES is currently trading -6.85% lower than its 20-day SMA and +0.35% higher than its 100-day SMA. However, the stock’s current price level is +3.60% above the SMA50 and -0.93% below the SMA200.

The stochastic %K and %D were 8.80% and 12.15%, respectively, and the average true range (ATR) was 1.83. With the 14-day stochastic at 6.24% and the average true range at 1.77, the RSI (14) stands at 37.53%. The stock has reached -1.21 on the 9-day MACD Oscillator while the 14-day reading was at -2.16.

Analyst Ratings

Wolfe Research upgraded Eversource Energy (NYSE: ES) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Peer perform.

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