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

Eversource Energy (ES) stock had a bullish inflow of $16.3 million worth of trades on uptick and an outflow of $7.54 million in downticks on Wednesday. The total uptick to downtick ratio stood at 2.16. The net money flow into the stock was $8.76 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $8.96 million. $8.96 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Eversource Energy (ES) stock traded down $0.17 , and reached $55.24, a drop of -0.31% over the previous day. On a weekly basis, the stock is -1.76%, over the previous weeks close.


Eversource Energy has dropped 0.38% in the last five trading days, however, the shares have posted positive gains of 2.45% in the last 4 weeks. Eversource Energy has dropped 4.91% during the last 3-month period . Year-to-Date the stock performance stands at 10.87%.

Eversource Energy (ES) : The consensus on Eversource Energy (ES) based on 11 analyst recommendation on the company stock is 2.36, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Eversource Energy (NYSE:ES): stock was range-bound between the intraday low of $54.81 and the intraday high of $55.58 after having opened at $55.51 on Wednesdays session. The stock finally closed in the red at $55.51, a loss of -0.31%. The stock remained in the red for the whole trading day. The total traded volume was 1,120,563 shares. The stock failed to cross $55.58 in Wednesdays trading. The stocks closing price on Thursday was $55.41.

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.

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