Thomaspartners buys $172,502,349 stake in Eversource Energy (ES)

Eversource Energy (ES) : Thomaspartners scooped up 182,675 additional shares in Eversource Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 3,337,248 shares of Eversource Energy which is valued at $172,502,349.Eversource Energy makes up approximately 2.12% of Thomaspartners’s portfolio.

Other Hedge Funds, Including , Envestnet Asset Management Inc reduced its stake in ES by selling 392 shares or 5.78% in the most recent quarter. The Hedge Fund company now holds 6,387 shares of ES which is valued at $330,144.Dimensional Fund Advisors Lp boosted its stake in ES in the latest quarter, The investment management firm added 15,666 additional shares and now holds a total of 668,871 shares of Eversource Energy which is valued at $35,008,708. Eversource Energy makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio.Nomura Asset Management Co Ltd boosted its stake in ES in the latest quarter, The investment management firm added 36,531 additional shares and now holds a total of 223,606 shares of Eversource Energy which is valued at $11,703,538. Eversource Energy makes up approx 0.21% of Nomura Asset Management Co Ltd’s portfolio.Blackrock Institutional Trust Company N.a. boosted its stake in ES in the latest quarter, The investment management firm added 131,354 additional shares and now holds a total of 8,364,134 shares of Eversource Energy which is valued at $454,088,835. Eversource Energy makes up approx 0.07% of Blackrock Institutional Trust Company N.a.’s portfolio.Victory Capital Management Inc boosted its stake in ES in the latest quarter, The investment management firm added 89,058 additional shares and now holds a total of 109,926 shares of Eversource Energy which is valued at $5,867,850. Eversource Energy makes up approx 0.02% of Victory Capital Management Inc’s portfolio.

Eversource Energy closed down -0.38 points or -0.73% at $51.82 with 10,99,804 shares getting traded on Monday. Post opening the session at $52.11, the shares hit an intraday low of $51.541 and an intraday high of $52.38 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Eversource Energy reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.81. The company had revenue of $2039.71 million for the quarter, compared to analysts expectations of $2041.36 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 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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