Eversource Energy (ES) Analysts See $0.86 EPS; Westchester Capital Management Has Upped By $11.87 Million Its Marathon Petroleum (Put) (MPC) Position

October 13, 2017 - By Migdalia James

Westchester Capital Management Llc increased Marathon Petroleum Corporation (Put) (MPC) stake by 84.24% reported in 2017Q2 SEC filing. Westchester Capital Management Llc acquired 228,300 shares as Marathon Petroleum Corporation (Put) (MPC)’s stock rose 5.52%. The Westchester Capital Management Llc holds 499,300 shares with $26.13 million value, up from 271,000 last quarter. Marathon Petroleum Corporation (Put) now has $28.54 billion valuation. The stock decreased 0.32% or $0.18 on October 13, reaching $56.37. About 2.47M shares traded. Marathon Petroleum Corp (NYSE:MPC) has risen 46.20% since October 13, 2016 and is uptrending. It has outperformed by 29.50% the S&P500.

Analysts expect Eversource Energy (NYSE:ES) to report $0.86 EPS on November, 7.They anticipate $0.03 EPS change or 3.61% from last quarter’s $0.83 EPS. ES’s profit would be $272.58 million giving it 17.92 P/E if the $0.86 EPS is correct. After having $0.72 EPS previously, Eversource Energy’s analysts see 19.44% EPS growth. The stock decreased 0.03% or $0.02 on October 13, reaching $61.65. About 1.28 million shares traded. Eversource Energy (NYSE:ES) has risen 8.72% since October 13, 2016 and is uptrending. It has underperformed by 7.98% the S&P500.

Investors sentiment decreased to 1.05 in 2017 Q2. Its down 0.03, from 1.08 in 2017Q1. It worsened, as 53 investors sold MPC shares while 274 reduced holdings. 93 funds opened positions while 250 raised stakes. 383.45 million shares or 4.21% less from 400.29 million shares in 2017Q1 were reported. Avalon Limited Liability Company owns 131,826 shares for 0.23% of their portfolio. M&T Bancshares accumulated 74,313 shares or 0.02% of the stock. National Bank & Trust Of Montreal Can holds 0.08% in Marathon Petroleum Corp (NYSE:MPC) or 1.53 million shares. 522,066 were accumulated by Barclays Public Limited Company. Bokf Na reported 0.07% in Marathon Petroleum Corp (NYSE:MPC). Fuller And Thaler Asset Inc accumulated 2,600 shares. Panagora Asset Mngmt accumulated 600,611 shares. Fjarde Ap invested in 128,041 shares. Cullinan Assocs has invested 0.47% of its portfolio in Marathon Petroleum Corp (NYSE:MPC). Nomura Asset Mngmt Limited holds 83,998 shares. Parsons Capital Ri reported 7,110 shares or 0.05% of all its holdings. Condor Capital Mgmt has invested 0.31% of its portfolio in Marathon Petroleum Corp (NYSE:MPC). Tarbox Family Office owns 2,423 shares. Tokio Marine Asset Mgmt Limited accumulated 0.05% or 6,386 shares. State Teachers Retirement System accumulated 964,106 shares.

Among 18 analysts covering Marathon Petroleum Corp (NYSE:MPC), 13 have Buy rating, 0 Sell and 5 Hold. Therefore 72% are positive. Marathon Petroleum Corp had 56 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Marathon Petroleum Corp (NYSE:MPC) has “Hold” rating given on Monday, August 17 by Vetr. The stock of Marathon Petroleum Corp (NYSE:MPC) has “Buy” rating given on Thursday, February 2 by UBS. The stock has “Buy” rating by Jefferies on Thursday, June 22. Howard Weil maintained Marathon Petroleum Corp (NYSE:MPC) on Thursday, February 4 with “Sector Outperform” rating. As per Thursday, May 25, the company rating was maintained by PiperJaffray. The rating was initiated by UBS with “Sell” on Thursday, May 19. RBC Capital Markets maintained the stock with “Top Pick” rating in Thursday, February 4 report. The company was upgraded on Wednesday, December 7 by JP Morgan. Barclays Capital maintained Marathon Petroleum Corp (NYSE:MPC) on Wednesday, March 16 with “Overweight” rating. RBC Capital Markets maintained Marathon Petroleum Corp (NYSE:MPC) on Wednesday, July 5 with “Buy” rating.

Since May 18, 2017, it had 0 buys, and 3 sales for $1.81 million activity. Another trade for 4,568 shares valued at $237,696 was sold by Palmer C. Michael. On Wednesday, June 14 the insider Kelley Thomas M. sold $1.36 million.

Westchester Capital Management Llc decreased General Electric Company (Put) (NYSE:GE) stake by 314,500 shares to 330,300 valued at $8.92 million in 2017Q2. It also reduced Baker Hughes Incorporated (NYSE:BHI) stake by 39,660 shares and now owns 1.26M shares. Marathon Petroleum Corporation (NYSE:MPC) was reduced too.

Eversource Energy is a utility holding firm engaged in the energy delivery business. The company has market cap of $19.54 billion. The Firm operates through three divisions: electric distribution, electric transmission and natural gas distribution. It has a 19.92 P/E ratio. The Company’s electric distribution segment consists of the distribution businesses, which are engaged in the distribution of electricity to retail clients in Connecticut, eastern Massachusetts, New Hampshire and western Massachusetts, and the regulated electric generation businesses.

Among 10 analysts covering Eversource Energy (NYSE:ES), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. Eversource Energy had 23 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Monday, February 8 by Barclays Capital. The company was maintained on Monday, October 2 by Credit Suisse. Mizuho initiated Eversource Energy (NYSE:ES) rating on Friday, August 7. Mizuho has “Neutral” rating and $52 target. The stock has “Neutral” rating by Credit Suisse on Wednesday, January 25. The stock has “Buy” rating by Deutsche Bank on Tuesday, December 20. The firm has “Neutral” rating by Citigroup given on Wednesday, July 20. The rating was downgraded by Macquarie Research on Monday, February 8 to “Neutral”. The company was maintained on Thursday, January 14 by Mizuho. The firm has “Equal-Weight” rating given on Thursday, August 10 by Morgan Stanley. The company was maintained on Monday, June 5 by Credit Suisse.

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