Matthew Davis’ Coann Capital Portfolio: Top 5 Stock Picks

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1. Essential Utilities, Inc. (NYSE:WTRG)

Coann Capital’s Stake Value: $9,323,000

Percentage of Coann Capital’s 13F Portfolio: 8.99%

Number of Hedge Fund Holders: 13

Essential Utilities, Inc. (NYSE:WTRG) is the largest holding in Matthew Davis’ Coann Capital’s Q3 portfolio, with the investment firm holding 202,313 shares in Essential Utilities, Inc. (NYSE:WTRG), worth $9.32 million, representing 8.99% of Davis’ stock portfolio as of September this year. Essential Utilities, Inc. (NYSE:WTRG) is a drinking water and wastewater treatment company, offering services and infrastructure to treat water, making it consumable for people. 

On November 1, the Q3 EPS for Essential Utilities, Inc. (NYSE:WTRG) came in at $0.19, missing estimates by -$0.02. Revenue for the quarter missed estimates by -$5.09 million, at $361.86 million. 

At the end of June, 13 hedge funds tracked by Insider Monkey were bullish on Essential Utilities, Inc. (NYSE:WTRG), with stakes worth $272 million. 

You can also take a look at 10 Growth Stocks to Buy According to Jay Chen’s Himension Capital and Top 10 Stock Picks of Anand Desai’s Darsana Capital Partners.

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