Eversource Energy (NYSE:ES) has climbed 0.37% in the past week and advanced 3.61% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.57% and the outperformance has advanced to 2.66% for the last 4 weeks period.
Eversource Energy (NYSE:ES): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.77 and $56.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.89, notching a gain of 0.19% for the day. The total traded volume was 1,858,689 . The stock had closed at $56.78 on the previous day.
The company shares have rallied 22.19% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $59.09 and the one year low was seen on Jul 6, 2015. The 50-Day Moving Average price is $56.26 and the 200 Day Moving Average price is recorded at $54.65.
On the companys insider trading activities, The officer (Executive VP and COO), of Eversource Energy, Schweiger Werner J had unloaded 10,000 shares at $57 per share in a transaction on March 8, 2016. The total value of transaction was $570,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Janney Capital downgrades its rating on Eversource Energy (NYSE:ES).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on March 31, 2016. Currently the company Insiders own 0.89% of Eversource Energy shares according to the proxy statements. Institutional Investors own 70.43% of Eversource Energy shares. During last six month period, the net percent change held by insiders has seen a change of -17.82%.
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.