Torch Wealth Management buys $2,407,166 stake in Eversource Energy (ES)

Eversource Energy (ES) : Torch Wealth Management scooped up 500 additional shares in Eversource Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 42,650 shares of Eversource Energy which is valued at $2,407,166.Eversource Energy makes up approximately 1.80% of Torch Wealth Management’s portfolio.

Eversource Energy opened for trading at $56.6 and hit $57.32 on the upside on Monday, eventually ending the session at $57.07, with a gain of 1.12% or 0.63 points. The heightened volatility saw the trading volume jump to 13,29,853 shares. Company has a market cap of $18,102 M.

Other Hedge Funds, Including , Hl Financial Services reduced its stake in ES by selling 1,226 shares or 15.77% in the most recent quarter. The Hedge Fund company now holds 6,546 shares of ES which is valued at $369,456. Eversource Energy makes up approx 0.01% of Hl Financial Services’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in ES in the latest quarter, The investment management firm added 22,228 additional shares and now holds a total of 62,941 shares of Eversource Energy which is valued at $3,486,931. Eversource Energy makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Btr Capital Management Inc reduced its stake in ES by selling 350 shares or 2.07% in the most recent quarter. The Hedge Fund company now holds 16,562 shares of ES which is valued at $939,397. Eversource Energy makes up approx 0.22% of Btr Capital Management Inc’s portfolio.State Of Alaska Department Of Revenue boosted its stake in ES in the latest quarter, The investment management firm added 22,277 additional shares and now holds a total of 31,417 shares of Eversource Energy which is valued at $1,781,972. Eversource Energy makes up approx 0.19% of State Of Alaska Department Of Revenue’s portfolio.Central Trust Co boosted its stake in ES in the latest quarter, The investment management firm added 117 additional shares and now holds a total of 4,207 shares of Eversource Energy which is valued at $238,621. Eversource Energy makes up approx 0.02% of Central Trust Co’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 Mizuho on May 3, 2016 to “Neutral”, Firm has raised the Price Target to $ 59 from a previous price target of $54 .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.

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