ES stock: buy or sell?
Updated on:
July 16th, 2019
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?
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 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?
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.| Date | Analyst / Broker | Previous rating | Current rating |
| 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
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%).
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 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:| Date | Analyst / Broker | Action | Previous target | Current target | Diff |
| 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) | $73.80 | $75.30 | 2.0% |
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.| 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. However, its profit margin (compared to sales) decreased to 12.23%, that is $1,033.00 million.| 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 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%.| 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 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:
| ES | AGR | D | ED | LNT | |
|---|---|---|---|---|---|
| Market cap | $0.0 M | $15.3 B | $50.5 B | $29.0 B | $11.9 B |
| Total shares | 0.0 M | 309.0 M | 651.6 M | 327.0 M | 237.4 M |
| Float shares | 317.0 M | 56.0 M | 800.2 M | 326.7 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
| 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 pattern | lt06a |
| 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:| Stock | 3m | 6m | 12m |
|---|---|---|---|
| ES | 10.97% | 15.62% | 35.23% |
| AGRAvangrid | -3.05% | 2.65% | -2.05% |
| DDominion Energy | 4.66% | 15.44% | 13.96% |
| EDConsolidated Edis... | 6.83% | 17.85% | 17.63% |
| LNTAlliant Energy | 9.58% | 18.29% | 21.30% |
| NGGNational Grid Tra... | 1.17% | 3.48% | -1.99% |
| PPL | -0.16% | 4.13% | 14.83% |
| UTLUNITIL | 10.96% | 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:- 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