Eversource Energy (ES) : Pensionfund Sabic added new position in Eversource Energy during the most recent quarter end. The investment management firm now holds 32,000 shares of Eversource Energy which is valued at $1,663,360 , the company said in a statement filed on Oct 12, 2016 with the SEC.Eversource Energy makes up approximately 0.52% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , Carroll Financial Associates boosted its stake in ES in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 509 shares of Eversource Energy which is valued at $26,855.Gradient Investments boosted its stake in ES in the latest quarter, The investment management firm added 49 additional shares and now holds a total of 974 shares of Eversource Energy which is valued at $51,388. Eversource Energy makes up approx 0.01% of Gradient Investments’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in ES by selling 1,115 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 80,994 shares of ES which is valued at $4,247,325. Eversource Energy makes up approx 0.09% of Exxonmobil Investment Management Inc Tx’s portfolio.
Eversource Energy closed down -0.78 points or -1.48% at $51.98 with 17,81,306 shares getting traded on Tuesday. Post opening the session at $52.66, the shares hit an intraday low of $51.88 and an intraday high of $52.66 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Eversource Energy reported $0.64 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.65. The company had revenue of $1767.18 million for the quarter, compared to analysts expectations of $1791.70 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.65 EPS.
Eversource Energy formerly Northeast Utilities is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution electric transmission and natural gas distribution. The Company’s electric distribution segment provides electricity to retail customers in Connecticut and eastern Massachusetts. The electric transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. The natural gas distribution segment provides firm natural gas sales service to retail customers who require a continuous natural gas supply throughout the year such as residential customers who rely on natural gas for heating hot water and cooking needs and commercial and industrial customers who choose to purchase natural gas from the Company’s natural gas distribution companies.