Eversource Energy (ES)’s Trend Up, Especially After Today’s Record High Milestone

Eversource Energy (NYSE:ES) Logo

The stock of Eversource Energy (NYSE:ES) reached all time high today, Aug, 15 and still has $84.33 target or 7.00 % above today’s $78.81 share price. This indicates more upside for the $25.50 billion company. This technical setup was reported by Barchart.com. If the $84.33 PT is reached, the company will be worth $1.79B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 2.14% or $1.65 during the last trading session, reaching $78.81. About 1.40M shares traded. Eversource Energy (NYSE:ES) has risen 26.94% since August 15, 2018 and is uptrending. It has outperformed by 26.94% the S&P500.

Eversource Energy (NYSE:ES) Ratings Coverage

Among 6 analysts covering Eversource Energy (NYSE:ES), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Eversource Energy has $8800 highest and $63 lowest target. $78.83’s average target is 0.03% above currents $78.81 stock price. Eversource Energy had 12 analyst reports since February 19, 2019 according to SRatingsIntel. The rating was maintained by Wells Fargo with “Outperform” on Tuesday, July 30. The firm earned “Buy” rating on Friday, June 7 by UBS. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, June 18. The stock of Eversource Energy (NYSE:ES) earned “Sell” rating by Scotia Capital on Tuesday, February 19. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, June 14 report. On Wednesday, March 13 the stock rating was maintained by Morgan Stanley with “Hold”.

More notable recent Eversource Energy (NYSE:ES) news were published by: Bizjournals.com which released: “Wayfair cracks Fortune 500 list, joins 15 other Mass. companies – Boston Business Journal” on May 16, 2019, also Seekingalpha.com with their article: “Eversource Energy 2019 Q1 – Results – Earnings Call Slides – Seeking Alpha” published on May 02, 2019, Bloomberg.com published: “S&P 500 Futures to Trade Overnight Ahead of NYSE Wednesday Close – Bloomberg” on December 04, 2018. More interesting news about Eversource Energy (NYSE:ES) were released by: Finance.Yahoo.com and their article: “What Kind Of Shareholders Own Eversource Energy (NYSE:ES)? – Yahoo Finance” published on August 06, 2019 as well as Nasdaq.com‘s news article titled: “Ultrapar Participações SA (UGP) Q2 2019 Earnings Call Transcript – Nasdaq” with publication date: August 15, 2019.

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company has market cap of $25.50 billion. The firm operates in three divisions: Electric Distribution, Electric Transmission, and Natural Gas Distribution. It has a 29.11 P/E ratio. It is involved in the generation, transmission, and distribution of electricity; and distribution of natural gas.

Eversource Energy (NYSE:ES) Ratings Chart

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