Coann Capital, a New York-based investment management firm, employs Matthew Davis as a portfolio manager. Davis’ investing portfolio is heavily weighted toward utilities. Essential Utilities, Inc., a firm that provides drinking water and wastewater management infrastructure, is the largest holding. Exelon Corporation, Consolidated Edison, Inc., and The Southern Company are among Davis’ top holdings in his Coann Capital portfolio as of Q3. In January 2019, Davis was promoted to a portfolio manager at Carlson Capital.
Insider Monkey looks at the top 10 stock picks of Matthew Davis’ Coann Capital. NiSource Inc. is one of the leading utility businesses in the United States, providing natural gas and electricity to customers through Columbia Gas and NIPSCO. On October 12, Goldman Sachs analyst Insoo Kim raised the stock from Neutral to Buy. Residential, commercial, and industrial customers are served by Evergy, Inc. Since 1882, the corporation has been engaged in power generation, transmission, and distribution. The company’s revenue for the quarter was $1.62 billion, which was $34.82 million higher than expected. Exelon Corporation is one of the most well-known electric businesses in the United States, serving about 10 million consumers. Q3 revenue was $8.91 billion, which was $437.09 million higher than expected. Consolidated Edison, Inc. is a Manhattan-based investor-owned energy firm. The company’s revenue for the quarter was $3.61 billion, which was $152.85 million higher than expected. 30 hedge funds reported owning interests in ED worth $533.4 million at the end of the second quarter of 2021. OGE Energy Corp. is an Oklahoma-based regulated electric utility that serves consumers in Oklahoma and Arkansas. The business’s fully owned subsidiary, Enogex Inc., is a natural gas corporation that specializes in electric power generation and natural gas. For more details, click Top 10 Stock Picks Of Matthew Davis’ Coann Capital.