ES stock: buy or sell?
Updated on:
February 26th, 2020
4
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates in three segments: Electric Distribution, Electric Transmission, and Natural Gas Distribution.
Should I buy ES stock?
Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Having a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.Currently, Eversource Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy.
| Buy setup | Elegible |
|---|---|
| New all-time high | No |
| New 52 week high | No |
| Price crossing up 200d MA | No |
| 100d MA crossing up 200d MA | No |
Is Eversource Energy stock a buy?
Financial institutions and banks publish stock ratings everyday.
Unfortunately, we couldn't find any rating for ES stock for the last month.ES stock analysis
Daily outlook
After marking all time highs on Thursday, Eversource Energy stayed steady 0.06% to $93.44.
Eversource Energy stayed steady 0.06% today to $93.44 after reaching all time highs on Thursday. From a daily perspective, ES is in a short term uptrend after plotting its last bottom ($89.78, on February 5th) higher than the previous bottom, and its last top ($99.42, on Thursday) also over the previous top. Now trading in between its last bottom and last top ES might consolidate in a plain range, waiting to break out over $99.42 or down under $89.78. Since last January/23 when SMA50d and SMA100d crossed up, ES price gained $3.49 per share (3.88%). Since last December when ES stock price broke up the SMA100d line, it gained $12.62 (15.61%). On Thursday, ES hit a new all time high, pushing higher than on February 19th tops. Check different trading setups that use ATHs as triggers.
Weekly outlook
Eversource Energy closed this week at $93.44 and slipped a tragic -2.63%.
In a weekly time frame, Eversource Energy stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, ES might consolidate in a flat-base, waiting to break out over or down under . Not so far away is the last all-time high Eversource Energy marked last week. By mid December 2019 ES price bounced up over the SMA of 20 weeks that acted as support stopping new slides.
ES stock price history
ES stock historical price chart
ES stock reached all-time highs on Thursday with a price of $99.42.
ES stock price target
Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' ES stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we have not detected any price forecast for Eversource Energy stock by any trusted analyst.Financials and fundamental analysis
Earnings date and Earnings per Share
, when Eversource Energy published its last earnings report, it . As soon as we get its posted EPS from the earnings report, we will update this report.| Quarter | Reporting date | Estimated EPS | Actual EPS | Surprise |
|---|---|---|---|---|
| 2017-Q2 | - | n/a | 0.73 | n/a |
| 2017-Q3 | 2017-11-01 | 0.83 | 0.82 | -1.2% |
| 2017-Q4 | 2018-02-22 | 0.76 | 0.75 | -1.3% |
| 2018-Q1 | 2018-05-02 | 0.85 | 0.85 | 0.0% |
| 2018-Q2 | 2018-07-31 | 0.75 | 0.76 | 1.3% |
| 2018-Q3 | 2018-11-01 | 0.88 | 0.93 | 5.7% |
| 2018-Q4 | 2019-02-20 | 0.75 | 0.73 | -2.7% |
| 2019-Q1 | - | n/a | n/a | n/a |
| 2019-Q2 | - | n/a | n/a | n/a |
| 2019-Q3 | - | n/a | n/a | n/a |
Annual financial results
Compared to 2017, last anual turnover report draw a dazzling growth of 22.19% to $8,448.20 million dollars. When comparing 2018 vs 2017, instead, profit margin (that is, the net income divided by revenues) decreased a -2.06% to 12.23%.| Year | Sales | YoY | Income/(margin) | YoY |
|---|---|---|---|---|
| 2013 | $7,300 M | - | $786 M10.8% | - |
| 2014 | $7,742 M | 6.05% | $820 M10.6% | 4.27% |
| 2015 | $7,955 M | 2.75% | $878 M11.0% | 7.19% |
| 2016 | $7,639 M | -3.97% | $942 M12.3% | 7.26% |
| 2017 | $6,914 M | -9.49% | $988 M14.3% | 4.85% |
| 2018 | $8,448 M | 22.19% | $1,033 M12.2% | 4.56% |
Quarterly financial results
Eversource Energy reported $2,034.96 million in revenues for 2018-Q4, a -10.41% less compared to previous quarter. Reported quarter earnings marked $231.31 M with a profit margin of 11.37%. Profit margin slightly fell a -1.37% compared to previous quarter when profit margin was 12.74%. When comparing turnover to same quarter last year, Eversource Energy sales marked a more than good increase and soared a 7.36%.| Quarter | Sales1 | QoQ2 | Income1/(margin) | QoQ2 |
|---|---|---|---|---|
| 2017-Q2 | $1,760 M | - | $231 M13.1% | - |
| 2017-Q3 | $1,989 M | 12.98% | $260 M13.1% | 12.84% |
| 2017-Q4 | $1,895 M | -4.68% | $237 M12.5% | -8.81% |
| 2018-Q1 | $2,288 M | 20.71% | $270 M11.8% | 13.53% |
| 2018-Q2 | $1,854 M | -18.97% | $243 M13.1% | -9.93% |
| 2018-Q3 | $2,271 M | 22.52% | $289 M12.7% | 19.20% |
| 2018-Q4 | $2,035 M | -10.41% | $231 M11.4% | -20.07% |
| 2019-Q1 | $2,416 M | 18.71% | $309 M12.8% | 33.45% |
Eversource Energy ownership
When you are planning to invest in shares of a stock, it's always worth to check its ownership structure.Eversource Energy shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.40% of all shares.
Bearish positions for ES stock account 0.00%, no big difference from last month.
For a better context understanding, the next table shows ownership data compared to other related companies:
| ES | |
|---|---|
| Market cap | $30.8 B |
| Total shares | 330.0 M |
| Float shares | 329.0 M |
| - Institutional holdings (%) | 85.6% |
| - Insider holdings (%) | 0.4% |
| Shares in short selling | 0.0% |
ES summary
| Wednesday, February 26th, 2020 | |
|---|---|
| Open | $93.44 |
| Close | $93.44 |
| Day range | $93.05 - $94.72 |
| Previous close | $93.38 |
| Session gain | 0.06% |
| Average true range | $1.56 |
| 50d mov avg | $88.42 |
| 100d mov avg | $85.42 |
| 200d mov avg | $81.29 |
| Daily pattern | lt06a |
| Weekly pattern | lt06a |
Eversource Energy performance
Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For Eversource Energy, the benchmark is made against .| Stock | 3m | 6m | 12m |
|---|---|---|---|
| ES | 13.80% | 18.11% | 37.76% |
Eversource Energy competitors
Unfortunately, we could not find any public company that could be defined as Eversource Energy competitor. This doesn't mean Eversource Energy does not have any competitor in the market, it's just we could not detected it.Latest ES stock news
- Seeking AlphaEversource Energy Outperforms S&P 500April 29, 2019