Does Eversource Energy (D/B/A) (NYSE:ES) Have Gas After Even More Sellers Involved?

April 26, 2018 - By reb123z

Eversource Energy (NYSE:ES) Logo

The stock of Eversource Energy (D/B/A) (NYSE:ES) registered an increase of 6.24% in short interest. ES’s total short interest was 6.34 million shares in April as published by FINRA. Its up 6.24% from 5.97 million shares, reported previously. With 2.05M shares average volume, it will take short sellers 3 days to cover their ES’s short positions. The short interest to Eversource Energy (D/B/A)’s float is 2.01%.

The stock increased 1.15% or $0.68 during the last trading session, reaching $60.05. About 658,286 shares traded. Eversource Energy (NYSE:ES) has declined 1.61% since April 26, 2017 and is downtrending. It has underperformed by 13.16% the S&P500.

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company has market cap of $19.03 billion. The firm operates in three divisions: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It has a 19.31 P/E ratio. It is involved in the generation, transmission, and distribution of electricity; and distribution of natural gas.

Eversource Energy (NYSE:ES) Ratings Coverage

Among 9 analysts covering Eversource Energy (NYSE:ES), 4 have Buy rating, 3 Sell and 2 Hold. Therefore 44% are positive. Eversource Energy had 17 analyst reports since November 13, 2017 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, March 8. The company was upgraded on Wednesday, December 13 by Morgan Stanley. Wells Fargo maintained the shares of ES in report on Monday, February 26 with “Outperform” rating. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, November 13 report. Morgan Stanley maintained Eversource Energy (NYSE:ES) on Monday, April 16 with “Equal-Weight” rating. The stock of Eversource Energy (NYSE:ES) earned “Buy” rating by Guggenheim on Tuesday, January 2. The company was downgraded on Friday, February 2 by Citigroup. The stock of Eversource Energy (NYSE:ES) has “Buy” rating given on Thursday, February 1 by Guggenheim. As per Friday, February 2, the company rating was downgraded by Janney Capital. The company was maintained on Friday, February 23 by Guggenheim.

Eversource Energy (NYSE:ES) Ratings Chart

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