Coldstream Capital Management Inc. Sells 7,565 Shares of Eversource Energy $ES

Coldstream Capital Management Inc. lowered its position in shares of Eversource Energy (NYSE:ES) by 41.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,668 shares of the utilities provider’s stock after selling 7,565 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Eversource Energy were worth $718,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of ES. Northwestern Mutual Wealth Management Co. lifted its position in shares of Eversource Energy by 23,707.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,649,747 shares of the utilities provider’s stock worth $313,067,000 after buying an additional 4,630,216 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Eversource Energy by 412.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,800,618 shares of the utilities provider’s stock worth $127,133,000 after buying an additional 1,449,388 shares in the last quarter. LSV Asset Management lifted its position in shares of Eversource Energy by 331.5% during the 3rd quarter. LSV Asset Management now owns 1,566,577 shares of the utilities provider’s stock worth $111,446,000 after buying an additional 1,203,563 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Eversource Energy by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 46,814,369 shares of the utilities provider’s stock worth $3,330,374,000 after buying an additional 1,161,708 shares in the last quarter. Finally, Aventail Capital Group LP lifted its position in shares of Eversource Energy by 134.6% during the 3rd quarter. Aventail Capital Group LP now owns 1,366,121 shares of the utilities provider’s stock worth $97,186,000 after buying an additional 783,768 shares in the last quarter. Institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Scotiabank lowered their price target on shares of Eversource Energy from $66.00 to $63.00 and set a “sector underperform” rating on the stock in a report on Tuesday, April 21st. BMO Capital Markets lowered their price target on shares of Eversource Energy from $75.00 to $73.00 and set a “market perform” rating on the stock in a report on Monday, May 11th. UBS Group lowered their price target on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. Bank of America reaffirmed a “buy” rating and issued a $72.00 price target on shares of Eversource Energy in a report on Wednesday, April 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eversource Energy in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $71.70.

Eversource Energy Trading Down 0.1%

NYSE:ES opened at $69.66 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $26.20 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 4.62 and a beta of 0.74. The firm’s 50 day moving average is $68.86 and its 200 day moving average is $69.48. Eversource Energy has a 12 month low of $61.53 and a 12 month high of $76.41.

Eversource Energy (NYSE:ES) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.14. Eversource Energy had a net margin of 12.55% and a return on equity of 11.59%. The company had revenue of $4.50 billion for the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the previous year, the firm posted $1.50 EPS. Eversource Energy’s revenue was up 9.4% on a year-over-year basis. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. Sell-side analysts expect that Eversource Energy will post 4.65 earnings per share for the current year.

Eversource Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, May 18th will be paid a $0.7875 dividend. This represents a $3.15 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, May 18th. Eversource Energy’s payout ratio is currently 67.31%.

About Eversource Energy

Eversource Energy (NYSE: ES) is a publicly traded, regulated energy company headquartered in Hartford, Connecticut. The company’s core business is the delivery and transmission of electricity and natural gas to residential, commercial and industrial customers across parts of New England. Eversource operates transmission and distribution networks, maintains electrical infrastructure, responds to outages and storms, and manages natural gas pipeline and distribution systems in the regions it serves.

Eversource serves customers primarily in Connecticut, Massachusetts and New Hampshire, operating through locally regulated utility subsidiaries that administer customer service, billing, meter reading and localized operations.