Eversource Energy (ES) has been under a strong bear grip, hence the stock is down -2.08% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.84% in the past 1 week. The stock has risen by 0.9% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.07% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.07% and the 50-Day Moving Average is 0.84%. Eversource Energy (NYSE:ES): stock turned positive on Friday. Though the stock opened at $57.32, the bulls momentum made the stock top out at $57.62 level for the day. The stock recorded a low of $57.13 and closed the trading day at $57.25, in the green by 0.17%. The total traded volume for the day was 650,388. The stock had closed at $57.15 in the previous days trading.
The company Insiders own 0.89% of Eversource Energy shares according to the proxy statements. Institutional Investors own 70.76% of Eversource Energy shares. During last six month period, the net percent change held by insiders has seen a change of -16.59%. Also, In the latest statement by the brokerage house, Janney Capital upgrades its outlook on Eversource Energy (NYSE:ES). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on August 1, 2016.
Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Companys electric distribution segment provides electricity to retail customers in Connecticut and eastern Massachusetts. The electric transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. The natural gas distribution segment provides firm natural gas sales service to retail customers who require a continuous natural gas supply throughout the year, such as residential customers who rely on natural gas for heating, hot water and cooking needs, and commercial and industrial customers who choose to purchase natural gas from the Companys natural gas distribution companies.