Eversource Energy (ES) : During the past 4 weeks, traders have been relatively bearish on Eversource Energy (ES), hence the stock is down -7.06% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.4% relative to the S&P 500. The 4-week change in the price of the stock is -4.75% and the stock has fallen -2.99% in the past 1 week.
Eversource Energy (NYSE:ES): The stock opened at $57.24 on Friday but the bulls could not build on the opening and the stock topped out at $57.66 for the day. The stock traded down to $56.46 during the day, due to lack of any buying support eventually closed down at $56.74 with a loss of -1.53% for the day. The stock had closed at $57.62 on the previous day. The total traded volume was 2,158,187 shares.
The stock has recorded a 20-day Moving Average of 2.66% and the 50-Day Moving Average is 1.38%. Eversource Energy is up 0.09% in the last 3-month period. Year-to-Date the stock performance stands at 12.94%.
Eversource Energy (ES) stock is expected to deviate a maximum of $4.31 from the average target price of $60.38 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $67 and the most muted being $55.
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.