Eversource Energy (ES) : Mcnamara Financial Services added new position in Eversource Energy during the most recent quarter end. The investment management firm now holds 3,735 shares of Eversource Energy which is valued at $211,849 , the company said in a statement filed on Apr 13, 2016 with the SEC.Eversource Energy makes up approximately 0.13% of Mcnamara Financial Services’s portfolio.
Eversource Energy opened for trading at $56.63 and hit $57.13 on the upside on Monday, eventually ending the session at $57.12, with a gain of 0.71% or 0.4 points. The heightened volatility saw the trading volume jump to 16,09,291 shares. Company has a market cap of $18,118 M.
Other Hedge Funds, Including , Kanaly Trust Co reduced its stake in ES by selling 32 shares or 12.08% in the most recent quarter. The Hedge Fund company now holds 233 shares of ES which is valued at $13,216.Charter Trust Co boosted its stake in ES in the latest quarter, The investment management firm added 65 additional shares and now holds a total of 7,593 shares of Eversource Energy which is valued at $429,992. Eversource Energy makes up approx 0.05% of Charter Trust Co’s portfolio. Weaver C. Barksdale Associates added ES to its portfolio by purchasing 14,305 company shares during the most recent quarter which is valued at $810,092. Eversource Energy makes up approx 0.61% of Weaver C. Barksdale Associates’s portfolio.
On the company’s financial health, Eversource Energy reported $0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus of $0.63. The company had revenue of $1691.20 million for the quarter, compared to analysts expectations of $1711.90 million. The company’s revenue was down -10.1 % compared to the same quarter last year.
Many Wall Street Analysts have commented on Eversource Energy. Company shares were Reiterated by Argus on Feb 10, 2016 to “Buy”, Firm has raised the Price Target to $ 62 from a previous price target of $59 .Eversource Energy was Downgraded by Macquarie to ” Neutral” on Feb 8, 2016.
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.