Coldstream Capital Management Inc. Increases Stake in Eversource Energy (NYSE:ES)

Coldstream Capital Management Inc. increased its position in Eversource Energy (NYSE:ES) by 11.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,874 shares of the utilities provider’s stock after acquiring an additional 1,044 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Eversource Energy were worth $567,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Eversource Energy by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 44,609,716 shares of the utilities provider’s stock worth $2,561,936,000 after acquiring an additional 1,387,072 shares during the last quarter. Wellington Management Group LLP grew its holdings in Eversource Energy by 38.6% during the 4th quarter. Wellington Management Group LLP now owns 16,470,356 shares of the utilities provider’s stock valued at $945,893,000 after buying an additional 4,585,232 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Eversource Energy by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,933,838 shares of the utilities provider’s stock valued at $570,500,000 after buying an additional 226,972 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Eversource Energy by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 9,557,213 shares of the utilities provider’s stock worth $547,550,000 after buying an additional 517,042 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Eversource Energy by 4.8% in the fourth quarter. FMR LLC now owns 7,352,593 shares of the utilities provider’s stock valued at $422,259,000 after acquiring an additional 333,529 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ES shares. BMO Capital Markets increased their target price on shares of Eversource Energy from $71.00 to $72.00 and gave the stock a “market perform” rating in a research note on Monday. Scotiabank lowered their target price on shares of Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a research note on Thursday, February 13th. Barclays lowered their target price on shares of Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. StockNews.com cut shares of Eversource Energy from a “hold” rating to a “sell” rating in a research note on Friday, April 25th. Finally, Jefferies Financial Group lowered their target price on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 28th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $65.78.

Insider Buying and Selling

In other Eversource Energy news, insider Frederica M. Williams sold 3,092 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the sale, the insider now owns 22,671 shares of the company’s stock, valued at $1,411,496.46. This trade represents a 12.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jay S. Buth sold 980 shares of the firm’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $62.99, for a total transaction of $61,730.20. Following the completion of the sale, the vice president now directly owns 24,374 shares in the company, valued at approximately $1,535,318.26. This trade represents a 3.87 % decrease in their position. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Eversource Energy Stock Performance

Eversource Energy stock opened at $59.44 on Wednesday. The firm’s fifty day moving average price is $59.71 and its 200-day moving average price is $60.22. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $21.82 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 2.35 and a beta of 0.58. Eversource Energy has a fifty-two week low of $52.28 and a fifty-two week high of $69.01.

Eversource Energy (NYSE:ES) last issued its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. On average, equities research analysts expect that Eversource Energy will post 4.75 earnings per share for the current fiscal year.

Eversource Energy Company 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.