Energous Corporation (NASDAQ:WATT) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC boosted its position in shares of Energous Corporation (NASDAQ:WATT) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,869 shares of the industrial products company’s stock after buying an additional 10 shares during the period. HighTower Advisors LLC owned approximately 0.06% of Energous Corporation worth $186,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WATT. Russell Investments Group Ltd. purchased a new position in shares of Energous Corporation during the fourth quarter worth approximately $666,000. Creative Planning raised its position in shares of Energous Corporation by 7.2% in the first quarter. Creative Planning now owns 8,990 shares of the industrial products company’s stock worth $140,000 after buying an additional 600 shares during the last quarter. Quantbot Technologies LP raised its position in shares of Energous Corporation by 516.9% in the first quarter. Quantbot Technologies LP now owns 9,512 shares of the industrial products company’s stock worth $148,000 after buying an additional 7,970 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Energous Corporation by 75.6% in the first quarter. Wells Fargo & Company MN now owns 30,217 shares of the industrial products company’s stock worth $472,000 after buying an additional 13,013 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Energous Corporation by 6.9% in the fourth quarter. Teachers Advisors LLC now owns 25,778 shares of the industrial products company’s stock worth $434,000 after buying an additional 1,665 shares during the last quarter. Institutional investors and hedge funds own 39.97% of the company’s stock.

Energous Corporation (NASDAQ WATT) traded down 3.56% on Friday, reaching $10.28. The company’s stock had a trading volume of 877,505 shares. The company has a 50-day moving average price of $14.67 and a 200 day moving average price of $15.00. Energous Corporation has a 12 month low of $9.70 and a 12 month high of $20.55. The company’s market cap is $225.12 million.

Energous Corporation (NASDAQ:WATT) last announced its quarterly earnings data on Tuesday, August 8th. The industrial products company reported ($0.63) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.63). The firm had revenue of $0.30 million during the quarter, compared to analysts’ expectations of $0.43 million. Energous Corporation had a negative return on equity of 237.18% and a negative net margin of 2,495.17%. On average, equities research analysts anticipate that Energous Corporation will post ($2.37) EPS for the current fiscal year.

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A number of research analysts recently commented on WATT shares. Roth Capital set a $23.00 target price on Energous Corporation and gave the company a “buy” rating in a research note on Thursday, May 11th. ValuEngine lowered Energous Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Ladenburg Thalmann Financial Services restated a “buy” rating and issued a $18.00 target price on shares of Energous Corporation in a research note on Thursday, May 11th. BidaskClub lowered Energous Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research upgraded Energous Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.75.

In other Energous Corporation news, Director John Gaulding sold 2,140 shares of Energous Corporation stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $15.85, for a total value of $33,919.00. Following the completion of the transaction, the director now directly owns 86,155 shares of the company’s stock, valued at approximately $1,365,556.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian J. Sereda sold 11,395 shares of Energous Corporation stock in a transaction on Friday, July 14th. The shares were sold at an average price of $16.11, for a total value of $183,573.45. Following the completion of the transaction, the insider now directly owns 133,577 shares of the company’s stock, valued at $2,151,925.47. The disclosure for this sale can be found here. Insiders sold a total of 24,593 shares of company stock valued at $395,217 over the last ninety days. Insiders own 6.20% of the company’s stock.

About Energous Corporation

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 Corporation (NASDAQ:WATT)

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