Eversource Energy (NYSE:ES) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. increased its stake in shares of Eversource Energy (NYSE:ES) by 11.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 8,830 shares of the utilities provider’s stock after buying an additional 899 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Eversource Energy were worth $598,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of ES. Brown Brothers Harriman & Co. increased its position in Eversource Energy by 2.8% during the third quarter. Brown Brothers Harriman & Co. now owns 6,147 shares of the utilities provider’s stock worth $418,000 after buying an additional 166 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in Eversource Energy by 14.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,316 shares of the utilities provider’s stock worth $90,000 after purchasing an additional 169 shares in the last quarter. Addison Advisors LLC increased its position in Eversource Energy by 27.4% during the 2nd quarter. Addison Advisors LLC now owns 860 shares of the utilities provider’s stock worth $49,000 after purchasing an additional 185 shares in the last quarter. UMB Bank n.a. raised its stake in Eversource Energy by 62.9% in the 3rd quarter. UMB Bank n.a. now owns 513 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 198 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in Eversource Energy by 1.0% in the 3rd quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock valued at $1,368,000 after purchasing an additional 200 shares in the last quarter. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ES shares. StockNews.com downgraded shares of Eversource Energy from a “hold” rating to a “sell” rating in a report on Friday. Mizuho lifted their target price on shares of Eversource Energy from $62.00 to $73.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Barclays increased their price target on Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Bank of America raised their price objective on Eversource Energy from $67.00 to $68.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, Jefferies Financial Group assumed coverage on Eversource Energy in a research report on Tuesday, December 3rd. They set an “underperform” rating and a $52.00 target price on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $68.38.

Eversource Energy Trading Down 0.4 %

Shares of ES stock opened at $59.53 on Friday. Eversource Energy has a fifty-two week low of $52.09 and a fifty-two week high of $69.01. The firm’s 50 day moving average price is $63.17 and its two-hundred day moving average price is $63.07. The stock has a market cap of $21.81 billion, a price-to-earnings ratio of -37.91, a price-to-earnings-growth ratio of 2.40 and a beta of 0.60. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. Eversource Energy had a negative net margin of 4.73% and a positive return on equity of 10.90%. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same period in the prior year, the company earned $0.97 EPS. The firm’s revenue was up 9.7% on a year-over-year basis. On average, analysts anticipate that Eversource Energy will post 4.56 EPS for the current year.

Eversource Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, December 18th will be issued a dividend of $0.715 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $2.86 annualized dividend and a dividend yield of 4.80%. Eversource Energy’s payout ratio is currently -182.17%.

Eversource Energy Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.