Candriam Luxembourg S.C.A. increased its position in Consolidated Edison Inc (NYSE:ED) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 23,613 shares of the utilities provider’s stock after buying an additional 297 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Consolidated Edison were worth $1,908,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of ED. BlackRock Inc. raised its position in Consolidated Edison by 1,771.1% in the first quarter. BlackRock Inc. now owns 24,104,499 shares of the utilities provider’s stock worth $1,871,955,000 after buying an additional 22,816,233 shares in the last quarter. Bank of New York Mellon Corp raised its position in Consolidated Edison by 34.1% in the first quarter. Bank of New York Mellon Corp now owns 3,478,494 shares of the utilities provider’s stock worth $270,138,000 after buying an additional 884,788 shares in the last quarter. Vanguard Group Inc. raised its position in Consolidated Edison by 3.5% in the first quarter. Vanguard Group Inc. now owns 21,304,464 shares of the utilities provider’s stock worth $1,654,504,000 after buying an additional 725,857 shares in the last quarter. Renaissance Technologies LLC raised its position in Consolidated Edison by 145.9% in the first quarter. Renaissance Technologies LLC now owns 1,178,300 shares of the utilities provider’s stock worth $91,507,000 after buying an additional 699,200 shares in the last quarter. Finally, Morgan Stanley raised its position in Consolidated Edison by 28.0% in the first quarter. Morgan Stanley now owns 2,971,665 shares of the utilities provider’s stock worth $230,778,000 after buying an additional 649,615 shares in the last quarter. 55.61% of the stock is currently owned by institutional investors.

Consolidated Edison Inc (NYSE ED) opened at 83.64 on Friday. The stock’s 50 day moving average price is $82.05 and its 200-day moving average price is $79.21. The firm has a market capitalization of $25.57 billion, a price-to-earnings ratio of 20.24 and a beta of 0.08. Consolidated Edison Inc has a 12 month low of $68.76 and a 12 month high of $85.13.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.03. The business had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.79 billion. Consolidated Edison had a return on equity of 8.59% and a net margin of 10.57%. During the same quarter in the prior year, the business posted $0.60 earnings per share. Equities analysts anticipate that Consolidated Edison Inc will post $4.09 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Wednesday, August 16th will be given a $0.69 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.30%. Consolidated Edison’s dividend payout ratio is currently 66.67%.

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A number of equities analysts recently commented on ED shares. Zacks Investment Research raised Consolidated Edison from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research note on Thursday, May 18th. Deutsche Bank AG lowered Consolidated Edison from a “hold” rating to a “sell” rating and set a $74.00 price target on the stock. in a research note on Monday, May 8th. Barclays PLC reissued an “equal weight” rating and issued a $82.00 price target (up from $76.00) on shares of Consolidated Edison in a research note on Sunday, April 23rd. BMO Capital Markets reissued a “hold” rating and issued a $80.00 price target on shares of Consolidated Edison in a research note on Monday, May 15th. Finally, Morgan Stanley boosted their price target on Consolidated Edison from $77.00 to $78.00 and gave the company an “underweight” rating in a research note on Monday, May 8th. Five equities research analysts have rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $76.96.

In other Consolidated Edison news, Director Linda S. Sanford acquired 900 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average cost of $79.74 per share, for a total transaction of $71,766.00. Following the transaction, the director now owns 8,748 shares in the company, valued at $697,565.52. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders bought 1,319 shares of company stock worth $106,510. Corporate insiders own 0.20% of the company’s stock.

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), Con Edison Clean Energy Businesses, Inc (the Clean Energy Businesses) and Con Edison Transmission, Inc (Con Edison Transmission).

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Institutional Ownership by Quarter for Consolidated Edison (NYSE:ED)

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