USA Stock in Focus: Eversource Energy (NYSE: ES)

Eversource Energy (NYSE: ES) spotted trading -6.59% off 52-week high price. On the other end, the stock has been noted 29.13% away from the low price over the last 52-weeks. The stock changed -0.61% to recent value of $80.85. The stock transacted 1066301 shares during most recent day however it has an average volume of 1743.67K shares. The company has 327.59M of outstanding shares and 322.68M shares were floated in the market.

Eversource Energy (ES) recently stated earnings of $318.9M, or $0.98 per share, in the third quarter of 2019, contrast with earnings of $289.4M, or $0.91 per share, in the third quarter of 2018. In the first nine months of 2019, Eversource Energy earned $659M, or $2.05 per share, contrast with earnings of $801.7M, or $2.52 per share, in the first nine months of 2018. Results for the first nine months of 2019 include a second quarter after-tax impairment charge of $204.4M, or $0.64 per share, related to Eversource Energy’s investment in the Northern Pass Transmission (NPT) project. Not Including that impairment, Eversource Energy earned $863.4M1, or $2.69 per share, in the first nine months of 2019.

Eversource Energy also recently reaffirmed its 2019 earnings per share (EPS) projection of $3.401 to $3.501 per share, not including the NPT impairment charge noted above, and its long-term EPS growth rate of 5 to 7 percent.

Jim Judge, Eversource chairman, president and chief executive officer, stated the company was happy with its financial performance to date, but most thankful for the exceptionally difficult, about-the-clock work employees undertook in mid-October after a severe Nor’easter struck large sections of our electric service territory, particularly southeast Massachusetts and eastern Connecticut. Wind gusts near Cape Cod were clocked at over 90 miles per hour, causing extensive damage to tree cover and distribution lines. Another severe windstorm struck New England on Halloween night, causing extensive damage, particularly in Connecticut.

“We thank our employees for safely and promptly restoring service to our consumers and we thank our consumers for the patience they showed as we went about our work,” Judge stated. “Rising to the challenge posed by extreme weather is a key element of providing the top-tier service our nearly 4M consumers expect from us.”

The price moved ahead of -1.29% from the mean of 20 days, -2.63% from mean of 50 days SMA and performed 4.44% from mean of 200 days price. Company’s performance for the week was -1.59%, 2.10% for month and YTD performance remained 24.31%.