The EVP- Energy Strategy of Eversource Energy (NYSE: ES) is Selling Shares

By Carrie Williams

Today, the EVP- Energy Strategy of Eversource Energy (ESResearch Report), Leon Olivier, sold shares of ES for $510.7K.

Following Leon Olivier’s last ES Sell transaction on August 30, 2018, the stock climbed by 11.4%.

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Based on Eversource Energy’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.42 billion and quarterly net profit of $309 million. In comparison, last year the company earned revenue of $2.29 billion and had a net profit of $270 million. ES’s market cap is $23.04B and the company has a P/E ratio of 21.55. Currently, Eversource Energy has an average volume of 715.2K.

Based on 7 analyst ratings, the analyst consensus is Hold with an average price target of $70.67, reflecting a -2.8% downside.

The insider sentiment on Eversource Energy has been negative according to 49 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Eversource Energy engages in the generation, transmission, and distribution of natural gas and electricity. It operates through the following segments: Electric Distribution, Electric Transmission, Water Distribution and Natural Gas Distribution. The Electric Distribution segment distributes electricity to retail customers.