ES stock: buy or sell?

ES stock price: $83.26 0.04% At close on September 20th, 2019

Updated on:
September 20th, 2019

5

Eversource Energy remained steady 0.04% today to $83.26 after topping to all time highs today. Friday was the 5th climbing day in a row, marking 1.71%.

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?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Having a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

These 2 buy setups work for Eversource Energy stock right now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is Eversource Energy stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we gathered 14 ratings published for ES stock in the last 30 days.

Is ES a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-6UBS Groupn/aBuy
2019-9-4GuggenheimNeutralBuy
2019-8-16Morgan Stanleyn/aEqual Weight
2019-7-30Wells Fargo & Con/aOutperform
2019-6-7UBS Groupn/aBuy
2019-6-18Barclaysn/aEqual Weight
2019-6-14Morgan Stanleyn/aEqual Weight
2019-4-22Credit Suisse Groupn/aBuy
2019-3-4MacquarieNeutralOutperform
2019-2-25Bank of AmericaNeutralUnderperform
2019-2-22GuggenheimBuyNeutral
2019-2-22Evercore ISIn/aOutperform
2019-2-21Scotiabankn/aSell
2019-2-12Morgan StanleyEqual WeightEqual Weight

ES stock analysis

Daily outlook

Shares of Eversource Energy closed today at $83.26 after marking a new all time high ($83.52) and remained constant a neutral 0.04%.

Eversource Energy closed today at $83.26 after marking a new all time high ($83.52) and remained stable a neutral 0.04%. ES shows a strong short term uptrend with several rising tops and rising bottoms. Since its last bottom on Sep 10th, ES climbed unceasignly breaking out to new all time highs. On August ES price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.

ES stock chart (daily)

Weekly outlook

Eversource Energy ended this week at $83.26 after reaching a new all time high ($83.52) and stepped up a decent 1.72%. This week was the 5th green week in a row.

ES shows a strong mid-term uptrend with several rising tops and rising bottoms. Since its last bottom late December 2018, ES climbed unceasignly breaking out to new all time highs. Since price and SMA20w lines crossed up early January, ES climbed $20.53 (32.73%).

ES stock chart (weekly)

ES stock price history

ES stock historical price chart

ES stock reached all-time highs today with a price of $83.52.

ES stock price target is $79.60

Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we found 10 price predictions for Eversource Energy stock:
ES stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-6UBS GroupRaises Target$86.00$91.005.8%
2019-9-4GuggenheimUpgrades$76.00$88.0015.8%
2019-8-16Morgan StanleyLowers Target$78.00$77.00-1.3%
2019-7-30Wells Fargo & CoRaises Target$86.00$88.002.3%
2019-6-7UBS GroupRaises Target$81.00$85.004.9%
2019-6-18BarclaysRaises Target$71.00$79.0011.3%
2019-6-14Morgan StanleyRaises Target$74.00$78.005.4%
2019-4-22Credit Suisse GroupSet Price Targetn/a$76.00-
2019-2-21ScotiabankReiteratesn/a$63.00-
2019-2-12Morgan StanleyRaises Target$69.00$71.002.9%
(in average)$77.60$79.603.0%
The price target for Eversource Energy stock is $79.60, moving in a range between $91.00 and $63.00. In average, analysts' outlook on ES price forecast is positive, increasing the target by a 3.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After posting its last earnings report on February, Eversource Energy . As soon as we get its actual EPS from the earnings report, we will update this review.
ES earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.73n/a
2017-Q32017-11-010.830.82-1.2%
2017-Q42018-02-220.760.75-1.3%
2018-Q12018-05-020.850.850.0%
2018-Q22018-07-310.750.761.3%
2018-Q32018-11-010.880.935.7%
2018-Q42019-02-200.750.73-2.7%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a dazzling gain 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%.

ES annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$7,300 M-$786 M10.8%-
2014$7,742 M6.05%$820 M10.6%4.27%
2015$7,955 M2.75%$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 M22.19%$1,033 M12.2%4.56%

Quarterly financial results

Eversource Energy reported $2,034.96 M in sales 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 declined a -1.37% compared to previous quarter when profit margin was 12.74%. When comparing revenues to same quarter last year, Eversource Energy sales marked a shining increase and rose a 7.36%.
ES quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,760 M-$231 M13.1%-
2017-Q3$1,989 M12.98%$260 M13.1%12.84%
2017-Q4$1,895 M-4.68%$237 M12.5%-8.81%
2018-Q1$2,288 M20.71%$270 M11.8%13.53%
2018-Q2$1,854 M-18.97%$243 M13.1%-9.93%
2018-Q3$2,271 M22.52%$289 M12.7%19.20%
2018-Q4$2,035 M-10.41%$231 M11.4%-20.07%
2019-Q1$2,416 M18.71%$309 M12.8%33.45%

Eversource Energy ownership

When you are planning to buy a company, it's always worth to have a look its ownership structure.

Eversource Energy shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.38% of all shares.

In case of Eversource Energy stock, 76.26% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for ES stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Eversource Energy:

ESAGRDEDLNT
Market cap$26.9 B$15.8 B$64.9 B$30.5 B$12.6 B
Total shares323.6 M309.0 M803.4 M332.1 M237.5 M
Float shares322.9 M56.0 M800.7 M331.6 M237.0 M
  - Institutional holdings (%)76.3%15.3%60.2%61.4%78.0%
  - Insider holdings (%)0.4%82.0%0.3%0.2%0.2%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

ES summary

Friday, September 20th, 2019
Open$83.30
Close$83.26
Day range$82.92 - $83.52
Previous close$83.23
Session gain0.04%
Average true range$0.97
50d mov avg$78.75
100d mov avg$76.49
200d mov avg$72.09
Daily patternlb03c
Weekly pattern lb03c

Eversource Energy performance

To measure stock performance is always good to compare with competitors or related stocks. We picked Avangrid, Dominion Energy, Consolidated Edison, Alliant Energy, National Grid Transco, PPL and UNITIL as the bechmarking frame for Eversource Energy stock.
Stock3m6m12m
ES8.27%17.75%37.85%
AGRAvangrid-0.27%4.21%8.03%
DDominion Energy4.38%9.59%19.59%
EDConsolidated Edis...3.87%10.08%22.23%
LNTAlliant Energy7.06%13.34%26.69%
NGGNational Grid Tra...-1.63%-4.88%8.42%
PPL 0.73%0.67%12.08%
UTLUNITIL0.53%15.49%22.55%

Eversource Energy competitors

We selected a few stocks to conform a list of Eversource Energy competitors to review if you are interested in investing in ES:

Latest ES stock news