2 weeks Ago By ABMN Staff
American Century Companies Inc. lessened its holdings in Consolidated Edison, Inc. ( NYSE:ED – Free Report ) by 1.
5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 265,383 shares of the utilities provider’s stock after selling 4,028 shares during the quarter. American Century Companies Inc.
’s holdings in Consolidated Edison were worth $23,680,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also recently bought and sold shares of ED. State Street Corp grew its holdings in shares of Consolidated Edison by 1.
7% during the third quarter. State Street Corp now owns 23,429,218 shares of the utilities provider’s stock worth $2,439,684,000 after purchasing an additional 399,034 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Consolidated Edison by 1.
2% in the 3rd quarter. Geode Capital Management LLC now owns 8,853,788 shares of the utilities provider’s stock valued at $919,041,000 after acquiring an additional 107,281 shares in the last quarter. Charles Schwab Investment Management Inc.
raised its holdings in shares of Consolidated Edison by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 2,225,989 shares of the utilities provider’s stock valued at $198,625,000 after purchasing an additional 77,323 shares during the period. Amundi raised its stake in Consolidated Edison by 12.2% during the 4th quarter.
Amundi now owns 2,221,729 shares of the utilities provider’s stock worth $197,795,000 after buying an additional 242,243 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Consolidated Edison by 4.
0% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,145,128 shares of the utilities provider’s stock worth $223,373,000 after purchasing an additional 82,985 shares in the last quarter.
Institutional investors own 66.29% of the company’s stock. Consolidated Edison Stock Performance Consolidated Edison stock opened at $108.
81 on Friday. The company has a market capitalization of $37.73 billion, a PE ratio of 20.
77, a P/E/G ratio of 3.05 and a beta of 0.30.
Consolidated Edison, Inc. has a twelve month low of $87.28 and a twelve month high of $109.
44. The company has a quick ratio of 0.93, a current ratio of 1.
01 and a debt-to-equity ratio of 1.07. The firm has a fifty day simple moving average of $99.
56 and a two-hundred day simple moving average of $98.51. Consolidated Edison Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, March 14th.
Stockholders of record on Wednesday, February 19th were given a $0.85 dividend. This is a boost from Consolidated Edison’s previous quarterly dividend of $0.
83. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.
12%. The ex-dividend date of this dividend was Wednesday, February 19th. Consolidated Edison’s payout ratio is currently 64.
89%. Analyst Ratings Changes ED has been the topic of several recent research reports. Mizuho raised their price target on shares of Consolidated Edison from $92.
00 to $95.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Evercore ISI cut shares of Consolidated Edison from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st.
UBS Group lifted their price objective on Consolidated Edison from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Friday, March 21st.
Scotiabank raised their price target on Consolidated Edison from $100.00 to $101.00 and gave the stock a “sector perform” rating in a report on Monday, February 24th.
Finally, Morgan Stanley increased their target price on shares of Consolidated Edison from $85.00 to $91.00 and gave the stock an “underweight” rating in a research note on Thursday, March 20th.
Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $102.40.
Read Our Latest Stock Analysis on Consolidated Edison Consolidated Edison Company Profile ( Free Report ) Consolidated Edison, Inc, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.
1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan. Featured Stories Want to see what other hedge funds are holding ED? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Consolidated Edison, Inc.
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