Eversource Energy (ES): Price Target and June Short Interest Disclosure

Eversource Energy (ES) : Currently there are 8 street experts covering Eversource Energy (ES) stock. The most bullish and bearish price target for the stock is $65 and $55 respectively for the short term. The average price target of all the analysts comes to $58.5. The estimated standard deviation from the target is $3.12.

Eversource Energy (ES) stated gains of 271,237 shares or 6.7% in the short interest. The short interest registered from 4,043,184 on June 15,2016 to 4,314,421 on June 30,2016. In terms of floated shares, the shorted positions stood at 1.4%. The stock has been averaging 1,776,027 shares daily in trading and would need 2 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Brokerage firm Barclays maintains its rating on Eversource Energy (NYSE:ES). As per the latest information, the brokerage house raises the price target to $65 per share from a prior target of $62. The shares have been rated Equalweight. The rating by the firm was issued on July 7, 2016.


Eversource Energy (NYSE:ES): On Thursdays trading session , Opening price of the stock was $57.92 with an intraday high of $58.07. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $57.53. However, the stock managed to close at $57.75, a loss of 0.96% for the day. On the previous day, the stock had closed at $58.31. The total traded volume of the day was 2,113,583 shares.

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.

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