Revenue Update on Eversource Energy(NYSE:ES)

Eversource Energy(NYSE:ES) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $1.77B. Analysts estimated a revenue of $1.81B. Earnings per share were $0.64. Analysts had estimated an EPS of $0.65.

In a different note, On Jul 20, 2016, Citigroup said it Maintains its rating on Eversource Energy. In the research note, the firm Raises the price-target to $53.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 7, 2016, Barclays said it Maintains its rating on Eversource Energy. In the research note, the firm Raises the price-target to $62.00 per share. The shares have been rated ‘Equalweight’ by the firm.

Eversource Energy (ES) made into the market gainers list on Thursdays trading session with the shares advancing 0.07% or 0.04 points. Due to strong positive momentum, the stock ended at $57.62, which is also near the day’s high of $57.99. The stock began the session at $57.6 and the volume stood at 13,57,157 shares. The 52-week high of the shares is $60.44 and the 52 week low is $45.14. The company has a current market capitalization of $18,277 M and it has 31,72,07,040 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 10, 2016, Werner J Schweiger (Executive VP and COO) sold 10,000 shares at $57.00 per share price.Also, On Dec 9, 2015, Gregory B Butler (Sr VP and General Counsel) sold 9,770 shares at $50.88 per share price.On Oct 19, 2015, Thomas J May (Chrmn of Bd, President & CEO) sold 13,380 shares at $52.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s natural gas distribution companies.

Comments (0)

Leave a Reply

Your email address will not be published.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