Sciencast Management Lp buys $2,487,570 stake in Eversource Energy (ES)

Eversource Energy (ES) : Sciencast Management Lp scooped up 27,987 additional shares in Eversource Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 43,451 shares of Eversource Energy which is valued at $2,487,570.Eversource Energy makes up approximately 1.88% of Sciencast Management Lp’s portfolio.

Other Hedge Funds, Including , Usca Ria boosted its stake in ES in the latest quarter, The investment management firm added 26,702 additional shares and now holds a total of 33,059 shares of Eversource Energy which is valued at $1,892,628. Eversource Energy makes up approx 0.31% of Usca Ria’s portfolio.Credit Suisse Ag reduced its stake in ES by selling 4,181 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 586,081 shares of ES which is valued at $33,553,137. Eversource Energy makes up approx 0.04% of Credit Suisse Ag’s portfolio.Motco boosted its stake in ES in the latest quarter, The investment management firm added 46 additional shares and now holds a total of 6,073 shares of Eversource Energy which is valued at $351,445. Eversource Energy makes up approx 0.13% of Motco’s portfolio.

Eversource Energy closed down -0.38 points or -0.70% at $53.59 with 11,34,068 shares getting traded on Thursday. Post opening the session at $53.96, the shares hit an intraday low of $53.49 and an intraday high of $54 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.

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