Thomaspartners buys $179,085,109 stake in Eversource Energy (ES)

Eversource Energy (ES) : Thomaspartners scooped up 133,991 additional shares in Eversource Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 3,154,573 shares of Eversource Energy which is valued at $179,085,109.Eversource Energy makes up approximately 2.29% of Thomaspartners’s portfolio.

Other Hedge Funds, Including , Eaton Vance Management reduced its stake in ES by selling 150 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 72,848 shares of ES which is valued at $4,163,263. Eversource Energy makes up approx 0.01% of Eaton Vance Management’s portfolio. Alpha Cubed Investments sold out all of its stake in ES during the most recent quarter. The investment firm sold 7,666 shares of ES which is valued $434,969.Gamco Investors Et Al reduced its stake in ES by selling 29,787 shares or 7.23% in the most recent quarter. The Hedge Fund company now holds 382,416 shares of ES which is valued at $21,698,284. Eversource Energy makes up approx 0.14% of Gamco Investors Et Al’s portfolio.Winslow Evans Crocker boosted its stake in ES in the latest quarter, The investment management firm added 9 additional shares and now holds a total of 1,526 shares of Eversource Energy which is valued at $89,851. Eversource Energy makes up approx 0.03% of Winslow Evans Crocker’s portfolio.

Eversource Energy opened for trading at $55.41 and hit $55.91 on the upside on Wednesday, eventually ending the session at $55.77, with a gain of 0.54% or 0.3 points. The heightened volatility saw the trading volume jump to 43,11,306 shares. Company has a market cap of $17,691 M.

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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