Nomura Holdings Inc. increased its stake in Consolidated Edison Inc. (NYSE:ED) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 43,701 shares of the company’s stock after buying an additional 2,001 shares during the period. Nomura Holdings Inc.’s holdings in Consolidated Edison were worth $3,501,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its stake in Consolidated Edison by 0.4% in the second quarter. Advisory Services Network LLC now owns 2,479 shares of the company’s stock valued at $199,000 after buying an additional 9 shares during the period. Round Table Services LLC raised its stake in Consolidated Edison by 0.4% in the second quarter. Round Table Services LLC now owns 3,814 shares of the company’s stock valued at $307,000 after buying an additional 14 shares during the period. Carnegie Capital Asset Management LLC raised its stake in Consolidated Edison by 0.3% in the second quarter. Carnegie Capital Asset Management LLC now owns 4,916 shares of the company’s stock valued at $391,000 after buying an additional 16 shares during the period. D Orazio & Associates Inc. raised its stake in Consolidated Edison by 0.8% in the second quarter. D Orazio & Associates Inc. now owns 3,381 shares of the company’s stock valued at $272,000 after buying an additional 27 shares during the period. Finally, Wright Investors Service Inc. raised its stake in Consolidated Edison by 1.1% in the second quarter. Wright Investors Service Inc. now owns 3,602 shares of the company’s stock valued at $290,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 54.89% of the company’s stock.

Consolidated Edison Inc. (NYSE:ED) opened at 76.40 on Tuesday. The stock has a 50 day moving average price of $76.41 and a 200-day moving average price of $76.06. Consolidated Edison Inc. has a 12-month low of $60.30 and a 12-month high of $81.88. The stock has a market capitalization of $23.26 billion and a P/E ratio of 19.80.

Consolidated Edison (NYSE:ED) last issued its earnings results on Thursday, August 4th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.09. Consolidated Edison had a return on equity of 8.88% and a net margin of 9.47%. During the same period last year, the firm earned $0.78 earnings per share. Equities research analysts expect that Consolidated Edison Inc. will post $3.97 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 17th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Monday, August 15th. Consolidated Edison’s payout ratio is 69.25%.

A number of analysts recently commented on the company. Vetr raised Consolidated Edison from a “strong sell” rating to a “sell” rating and set a $75.75 price objective on the stock in a research note on Monday, July 18th. Mizuho increased their price objective on Consolidated Edison from $72.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, August 8th. Zacks Investment Research raised Consolidated Edison from a “sell” rating to a “hold” rating in a research note on Tuesday, May 24th. Jefferies Group raised Consolidated Edison from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research note on Wednesday, September 14th. Finally, Goldman Sachs Group Inc. reduced their target price on Consolidated Edison from $72.00 to $70.00 and set a “sell” rating on the stock in a research report on Wednesday, September 14th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Consolidated Edison currently has an average rating of “Hold” and a consensus price target of $74.26.

About Consolidated Edison

Consolidated Edison, Inc (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc (CECONY), Orange and Rockland Utilities, Inc (O&R) and Con Edison Transmission, Inc It owns competitive energy businesses. The Company also owns Con Edison Transmission, Inc (Con Edison Transmission), which invests in electric and gas transmission projects through its subsidiaries, Consolidated Edison Transmission, LLC (CET Electric) and Con Edison Gas Midstream, LLC (CET Gas).

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