ES stock: buy or sell?

ES stock price: $77.07 -0.87% At close on July 16th, 2019

Updated on:
July 16th, 2019

4

After several days of continuous hikes in past weeks, Eversource Energy decreased -0.87% to $77.07.

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?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to choose your own trading plan that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, 2 buy setups match with Eversource Energy stock 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?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 10 ratings published for ES stock in the last month.

Is ES a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
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

After topping to all time highs on Thursday, Eversource Energy decreased -0.87% today to $77.07.

Eversource Energy decreased -0.87% today to $77.07 after marking all time highs on Thursday. From a daily perspective, ES is in a short term uptrend after plotting its last bottom ($75.69, on Jul 5th) higher than the previous bottom, and its last top ($78.09, 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 $78.09 or down under $75.69. On Thursday, ES hit new all time highs, pushing higher previous ATH of $77.92 recorded on Wednesday. New ATHs are usual entry points for many trading setups as there aren't higher resistences. Since May when ES stock price broke up the SMA50d line, it gained $7.13 (10.19%).

ES stock chart (daily)

Weekly outlook

Eversource Energy shares declined -0.61% this week, ending at $77.07.

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 price record Eversource Energy marked last week. Since mid September 2018 when SMA20w and SMA40w crossed up, ES price gained $16.14 per share (26.49%). Since price and SMA40w lines crossed up late July 2018, ES climbed $20.08 (35.23%).

ES stock chart (weekly)

ES stock price history

ES stock historical price chart

ES stock reached all-time highs on Thursday with a price of $78.09.

ES stock price target is $75.30

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. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we found 6 price forecasts for Eversource Energy stock:
ES stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
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)$73.80$75.302.0%
Moving in a range from $85.00 and $63.00, the price target for ES stock is $75.30.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Eversource Energy presented its financial report, close to analysts' consensus and published a $0.73 Earnings per Share. As soon as we get its posted EPS from the earnings report, we will update this report.
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 growth of 22.19% to $8,448.20 million dollars. However, its profit margin (compared to sales) decreased to 12.23%, that is $1,033.00 million.

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 posted $2,034.96 M in sales for 2018-Q4, a -10.41% less compared to previous quarter. Reported quarter income marked $231.31 M with a profit margin of 11.37%. Profit margin depreciated 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 great gain and soared 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 shares of a company, it's worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Eversource Energy, 0.38% of all outstanding shares are owned by its staff.

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$0.0 M$15.3 B$50.5 B$29.0 B$11.9 B
Total shares0.0 M309.0 M651.6 M327.0 M237.4 M
Float shares317.0 M56.0 M800.2 M326.7 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

Tuesday, July 16th, 2019
Open$77.09
Close$77.07
Day range$76.72 - $77.73
Previous close$77.75
Session gain-0.87%
Average true range$1.00
50d mov avg$75.09
100d mov avg$72.52
200d mov avg$68.64
Daily patternlt06a
Weekly pattern lt06a

Eversource Energy performance

To measure stock performance is always good to compare with competitors or related stocks. We compared Eversource Energy against Avangrid, Dominion Energy, Consolidated Edison, Alliant Energy, National Grid Transco, PPL and UNITIL in the following table:
Stock3m6m12m
ES10.97%15.62%35.23%
AGRAvangrid-3.05%2.65%-2.05%
DDominion Energy4.66%15.44%13.96%
EDConsolidated Edis...6.83%17.85%17.63%
LNTAlliant Energy9.58%18.29%21.30%
NGGNational Grid Tra...1.17%3.48%-1.99%
PPL -0.16%4.13%14.83%
UTLUNITIL10.96%20.72%19.17%

Eversource Energy competitors

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

Latest ES stock news