Coldstream Capital Management Inc. Trims Stock Holdings in Eversource Energy $ES

Coldstream Capital Management Inc. trimmed its holdings in Eversource Energy (NYSE:ES) by 41.5% in the fourth quarter, Holdings Channel reports. 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 and Exchange Commission.

A number of other hedge funds have also bought and sold shares of ES. Empowered Funds LLC grew its stake in Eversource Energy by 8.9% in the 1st quarter. Empowered Funds LLC now owns 16,149 shares of the utilities provider’s stock valued at $1,003,000 after buying an additional 1,319 shares in the last quarter. Woodline Partners LP grew its position in shares of Eversource Energy by 40.8% during the 1st quarter. Woodline Partners LP now owns 30,988 shares of the utilities provider’s stock valued at $1,925,000 after purchasing an additional 8,984 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Eversource Energy by 115.1% during the 1st quarter. Acadian Asset Management LLC now owns 1,497 shares of the utilities provider’s stock valued at $92,000 after purchasing an additional 801 shares in the last quarter. Schnieders Capital Management LLC. grew its position in shares of Eversource Energy by 87.9% during the 2nd quarter. Schnieders Capital Management LLC. now owns 58,444 shares of the utilities provider’s stock valued at $3,718,000 after purchasing an additional 27,332 shares in the last quarter. Finally, Brown Advisory Inc. grew its position in shares of Eversource Energy by 4.6% during the 2nd quarter. Brown Advisory Inc. now owns 7,933 shares of the utilities provider’s stock valued at $505,000 after purchasing an additional 349 shares in the last quarter. 79.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Bank of America restated a “buy” rating and set a $72.00 price target on shares of Eversource Energy in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their price target on shares of Eversource Energy from $72.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday, March 12th. Weiss Ratings restated a “hold (c+)” rating on shares of Eversource Energy in a research report on Monday, April 27th. Argus upgraded shares of Eversource Energy to a “strong-buy” rating in a research report on Tuesday, March 24th. Finally, UBS Group reduced their price target on shares of Eversource Energy from $80.00 to $74.00 and set a “neutral” rating for the company in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $71.70.

Eversource Energy Stock Down 0.1%

Shares of NYSE:ES opened at $69.66 on Thursday. Eversource Energy has a 52-week low of $61.53 and a 52-week high of $76.41. The firm has a fifty day moving average of $68.86 and a 200 day moving average of $69.48. The firm 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 company has a debt-to-equity ratio of 1.62, a quick ratio of 0.59 and a current ratio of 0.65.

Eversource Energy (NYSE:ES) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $4.21 billion. During the same period in the previous year, the business earned $1.50 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. Eversource Energy has set its FY 2026 guidance at 4.570-4.720 EPS. As a group, research analysts anticipate that Eversource Energy will post 4.65 EPS for the current fiscal year.

Eversource Energy Announces Dividend

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

Eversource Energy Profile

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.