The Manufacturers Life Insurance Company Has $255,000 Holdings in Energous Corporation (WATT)

The Manufacturers Life Insurance Company grew its holdings in shares of Energous Corporation (NASDAQ:WATT) by 32.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,728 shares of the industrial products company’s stock after purchasing an additional 3,855 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Energous worth $255,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Nationwide Fund Advisors increased its holdings in shares of Energous by 26.0% during the second quarter. Nationwide Fund Advisors now owns 10,741 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 2,216 shares during the period. Westside Investment Management Inc. increased its holdings in shares of Energous by 9.1% during the second quarter. Westside Investment Management Inc. now owns 18,025 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 1,500 shares during the period. Alliancebernstein L.P. acquired a new position in shares of Energous during the second quarter valued at $296,000. Cambridge Investment Research Advisors Inc. grew its holdings in Energous by 2.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 18,609 shares of the industrial products company’s stock worth $303,000 after acquiring an additional 450 shares during the period. Finally, Rhumbline Advisers grew its holdings in Energous by 35.3% during the second quarter. Rhumbline Advisers now owns 19,832 shares of the industrial products company’s stock worth $322,000 after acquiring an additional 5,177 shares during the period. 38.97% of the stock is currently owned by institutional investors.

Energous Corporation (NASDAQ:WATT) opened at $8.14 on Thursday. Energous Corporation has a fifty-two week low of $6.91 and a fifty-two week high of $20.55.

Energous (NASDAQ:WATT) last released its earnings results on Wednesday, November 8th. The industrial products company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.03). The firm had revenue of $0.25 million for the quarter, compared to analyst estimates of $1.20 million. Energous had a negative return on equity of 263.95% and a negative net margin of 4,203.27%. analysts anticipate that Energous Corporation will post -2.18 EPS for the current year.

In related news, VP Cesar Johnston sold 15,000 shares of the stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $12.55, for a total value of $188,250.00. Following the completion of the transaction, the vice president now owns 88,991 shares in the company, valued at approximately $1,116,837.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Neeraj Sahejpal sold 2,846 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $9.35, for a total value of $26,610.10. Following the completion of the transaction, the vice president now owns 89,123 shares of the company’s stock, valued at approximately $833,300.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,713 shares of company stock worth $338,494. 6.30% of the stock is owned by corporate insiders.

A number of research firms recently issued reports on WATT. Zacks Investment Research raised Energous from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday, August 11th. ValuEngine raised Energous from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 14th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Energous presently has an average rating of “Hold” and an average target price of $18.67.

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About Energous

Energous Corporation is engaged in developing a technology called WattUp that consists of semiconductor chipsets, software, hardware designs and antennas that can enable radio frequency (RF)-based wire-free charging for electronic devices, providing power at a distance and enabling charging with mobility under software control.

Institutional Ownership by Quarter for Energous (NASDAQ:WATT)

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