ES stock: buy or sell?
Updated on:
September 20th, 2019
5
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 setup | Elegible |
|---|---|
| New all-time high | Yes |
| New 52 week high | Yes |
| 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.
At Stocks2.com, we gathered 14 ratings published for ES stock in the last 30 days.| Date | Analyst / Broker | Previous rating | Current rating |
| 2019-9-6 | UBS Group | n/a | Buy |
| 2019-9-4 | Guggenheim | Neutral | Buy |
| 2019-8-16 | Morgan Stanley | n/a | Equal Weight |
| 2019-7-30 | Wells Fargo & Co | n/a | Outperform |
| 2019-6-7 | UBS Group | n/a | Buy |
| 2019-6-18 | Barclays | n/a | Equal Weight |
| 2019-6-14 | Morgan Stanley | n/a | Equal Weight |
| 2019-4-22 | Credit Suisse Group | n/a | Buy |
| 2019-3-4 | Macquarie | Neutral | Outperform |
| 2019-2-25 | Bank of America | Neutral | Underperform |
| 2019-2-22 | Guggenheim | Buy | Neutral |
| 2019-2-22 | Evercore ISI | n/a | Outperform |
| 2019-2-21 | Scotiabank | n/a | Sell |
| 2019-2-12 | Morgan Stanley | Equal Weight | Equal 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.
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 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:| Date | Analyst / Broker | Action | Previous target | Current target | Diff |
| 2019-9-6 | UBS Group | Raises Target | $86.00 | $91.00 | 5.8% |
| 2019-9-4 | Guggenheim | Upgrades | $76.00 | $88.00 | 15.8% |
| 2019-8-16 | Morgan Stanley | Lowers Target | $78.00 | $77.00 | -1.3% |
| 2019-7-30 | Wells Fargo & Co | Raises Target | $86.00 | $88.00 | 2.3% |
| 2019-6-7 | UBS Group | Raises Target | $81.00 | $85.00 | 4.9% |
| 2019-6-18 | Barclays | Raises Target | $71.00 | $79.00 | 11.3% |
| 2019-6-14 | Morgan Stanley | Raises Target | $74.00 | $78.00 | 5.4% |
| 2019-4-22 | Credit Suisse Group | Set Price Target | n/a | $76.00 | - |
| 2019-2-21 | Scotiabank | Reiterates | n/a | $63.00 | - |
| 2019-2-12 | Morgan Stanley | Raises Target | $69.00 | $71.00 | 2.9% |
| (in average) | $77.60 | $79.60 | 3.0% |
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.| 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 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%.| 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 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%.| 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 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:
| ES | AGR | D | ED | LNT | |
|---|---|---|---|---|---|
| Market cap | $26.9 B | $15.8 B | $64.9 B | $30.5 B | $12.6 B |
| Total shares | 323.6 M | 309.0 M | 803.4 M | 332.1 M | 237.5 M |
| Float shares | 322.9 M | 56.0 M | 800.7 M | 331.6 M | 237.0 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 selling | 0.0% | 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 gain | 0.04% |
| Average true range | $0.97 |
| 50d mov avg | $78.75 |
| 100d mov avg | $76.49 |
| 200d mov avg | $72.09 |
| Daily pattern | lb03c |
| 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.| Stock | 3m | 6m | 12m |
|---|---|---|---|
| ES | 8.27% | 17.75% | 37.85% |
| AGRAvangrid | -0.27% | 4.21% | 8.03% |
| DDominion Energy | 4.38% | 9.59% | 19.59% |
| EDConsolidated Edis... | 3.87% | 10.08% | 22.23% |
| LNTAlliant Energy | 7.06% | 13.34% | 26.69% |
| NGGNational Grid Tra... | -1.63% | -4.88% | 8.42% |
| PPL | 0.73% | 0.67% | 12.08% |
| UTLUNITIL | 0.53% | 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:- Avangrid (AGR)
- Dominion Energy (D)
- Consolidated Edison (ED)
- Alliant Energy (LNT)
- National Grid Transco (NGG)
- PPL (PPL)
- UNITIL (UTL)
Latest ES stock news
- Seeking AlphaEversource Energy Outperforms S&P 500April 29, 2019