ES Stock Summary and Trading Ideas (Eversource Energy (D/B/A) | NYSE:ES)

Eversource Energy is a diversified holding company with subsidiaries that provide rate-regulated electric, gas, and water distribution service to more than 4 million customers in the Northeast U.S. The company expanded its service territories with acquisitions of NStar (2012), Aquarion (2017), and Columbia Gas (2020). Eversource is exiting its 50% partnership with European utility Orsted to develop 2 gigawatts of offshore wind projects in the Northeast U.S. The company exited most of its unregulated businesses in 2006.

Eversource Energy (D/B/A) trades on the NYSE stock market under the symbol ES.

As of April 26, 2024, ES stock price declined to $59.46 with 1,439,136 million shares trading.

ES has a beta of 0.52, meaning it tends to be less sensitive to market movements. ES has a correlation of 0.06 to the broad based SPY ETF.

ES has a market cap of $20.85 billion. This is considered a Large Cap stock.

Last quarter Eversource Energy (D/B/A) reported $3 billion in Revenue and $.95 earnings per share. This fell short of revenue expectation by $-546 million and missed earnings estimates by -$.02.

In the last 3 years, ES stock traded as high as $94.63 and as low as $52.03.

The top ETF exchange traded funds that ES belongs to (by Net Assets): VTI, VOO, VO, SDY, XLU.

ES stock has underperformed the market in the last year with a return of -21.8%, while SPY returned +26.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ES shares. However, ES has outperformed the market in the last 3 month and 2 week periods, returning +9.7% and +0.5%, while SPY returned +4.5% and -1.9%, respectively. This indicates ES has been having a stronger performance recently.

ES support price is $59.68 and resistance is $61.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ES stock will trade within this expected range on the day.