Thomaspartners buys $173.4 Million stake in Eversource Energy (ES)

Eversource Energy (ES) : Thomaspartners scooped up 36,029 additional shares in Eversource Energy during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 3,020,582 shares of Eversource Energy which is valued at $173.4 Million.Eversource Energy makes up approximately 2.48% of Thomaspartners’s portfolio.

Other Hedge Funds, Including , Brown Advisory Inc boosted its stake in ES in the latest quarter, The investment management firm added 7,826 additional shares and now holds a total of 19,664 shares of Eversource Energy which is valued at $1.1 Million.Raymond James Associates boosted its stake in ES in the latest quarter, The investment management firm added 3,265 additional shares and now holds a total of 90,169 shares of Eversource Energy which is valued at $5.2 Million. Eversource Energy makes up approx 0.02% of Raymond James Associates’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in ES in the latest quarter, The investment management firm added 3,984 additional shares and now holds a total of 46,587 shares of Eversource Energy which is valued at $2.7 Million. Eversource Energy makes up approx 0.07% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.

Eversource Energy closed down -0.37 points or -0.68% at $54.3 with 15,05,553 shares getting traded on Wednesday. Post opening the session at $54.51, the shares hit an intraday low of $54.19 and an intraday high of $54.78 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Eversource Energy reported $0.77 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.78. The company had revenue of $2055.60 million for the quarter, compared to analysts expectations of $2312.97 million. The company’s revenue was down -18.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.80 EPS.

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 .

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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