Shares of Eversource Energy (ES) Sees Large Inflow of Net Money Flow

Eversource Energy (ES) : The money flow analysis of Eversource Energy (ES) indicates a $21.07 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $25.21 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.2 and so was the total money flow at $4.14 million. A solid up-down ratio of 4.53 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $7.94 million worth of block trades on upticks. Only $1.75 million worth of the stock exchanged hands on downticks. The money flow was $6.19 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Eversource Energy (ES), pushing it down by -2.44% for the day. The stock slid $1.45 and traded at $57.88 during the day. Nonetheless, the stock is -2.84% over the previous weeks close.


The company Insiders own 0.89% of Eversource Energy shares according to the proxy statements. Institutional Investors own 70.17% of Eversource Energy shares. During last six month period, the net percent change held by insiders has seen a change of -17.82%. In an insider trading activity,The officer (Executive VP and COO) of Eversource Energy, Schweiger Werner J sold 10,000 shares at $57 on March 8, 2016. The Insider selling transaction had a total value worth of $570,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Eversource Energy has dropped 3.93% in the last five trading days, however, the shares have posted positive gains of 2.12% in the last 4 weeks. Eversource Energy is up 2.98% in the last 3-month period. Year-to-Date the stock performance stands at 15.21%.

Eversource Energy (NYSE:ES): On Tuesdays trading session , Opening price of the stock was $58.98 with an intraday high of $59.05. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $57.85. However, the stock managed to close at $57.88, a loss of 2.44% for the day. On the previous day, the stock had closed at $59.33. The total traded volume of the day was 2,097,636 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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