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

Eversource Energy (ES) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $3.52 million worth of transactions were on upticks, whereas, the downticks accounted for $2.76 million worth of transactions. The net money flow was a positive $0.75 million and the uptick to downtick ratio was 1.27. The net money flow into the stock was $1.3 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $1.3 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Eversource Energy (ES) was trading at $53.57, down $0.02 during day. The stock slid -0.04% over the previous days close. For the week, the stock recorded -1.02% over the previous weeks close.


The company Insiders own 0.89% of Eversource Energy shares according to the proxy statements. Institutional Investors own 69.67% of Eversource Energy shares.

In a related news,The officer (VP, Controller, Chief Acct Off) of Eversource Energy, Buth Jay S. sold 296 shares at $57.15 on August 11, 2016. The Insider selling transaction had a total value worth of $16,916. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Eversource Energy (NYSE:ES): The stock opened at $53.59 and touched an intraday high of $54.45 on Friday. During the day, the stock corrected to an intraday low of $53.55, however, the bulls stepped in and pushed the price higher to close in the green at $54.37 with a gain of 1.46% for the day. The total traded volume for the day was 1,624,840. The stock had closed at $53.59 in the previous trading session.

Eversource Energy (ES) : During the past 4 weeks, traders have been relatively bearish on Eversource Energy (ES), hence the stock is down -4.05% 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 -0.04% relative to the S&P 500. The stock has risen by 0.46% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.18% in the past 4 weeks.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *