Eversource Energy (ES) : Pensionfund Dsm Netherlands added new position in Eversource Energy during the most recent quarter end. The investment management firm now holds 58,000 shares of Eversource Energy which is valued at $3.3 Million according to a report filed by the company on Apr 4, 2016 with the SEC.Eversource Energy makes up approximately 0.45% of Pensionfund Dsm Netherlands’s portfolio.
Other Hedge Funds, Including , Pensionfund Sabic added ES to its portfolio by purchasing 26,000 company shares during the most recent quarter which is valued at $1.5 Million. Eversource Energy makes up approx 0.45% of Pensionfund Sabic’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. Company shares were Reiterated by Mizuho on Jan 14, 2016 to “Neutral”, Firm has raised the Price Target to $ 54 from a previous price target of $52 .
Eversource Energy closed down -0.42 points or -0.74% at $56.63 with 16,99,906 shares getting traded on Monday. Post opening the session at $57.06, the shares hit an intraday low of $56.61 and an intraday high of $57.43 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.