Geller Family Office Services LLC maintained its stake in Consolidated Edison Inc (NYSE:ED) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,735 shares of the utilities provider’s stock at the close of the second quarter. Consolidated Edison makes up about 0.2% of Geller Family Office Services LLC’s investment portfolio, making the stock its 15th biggest position. Geller Family Office Services LLC’s holdings in Consolidated Edison were worth $464,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Armbruster Capital Management Inc. grew its stake in shares of Consolidated Edison by 127.3% during the second quarter. Armbruster Capital Management Inc. now owns 1,250 shares of the utilities provider’s stock valued at $101,000 after buying an additional 700 shares during the last quarter. Stuart Chaussee & Associates Inc. grew its stake in shares of Consolidated Edison by 138.3% during the first quarter. Stuart Chaussee & Associates Inc. now owns 1,370 shares of the utilities provider’s stock valued at $106,000 after buying an additional 795 shares during the last quarter. Oakworth Capital Inc. grew its stake in shares of Consolidated Edison by 10.5% during the second quarter. Oakworth Capital Inc. now owns 1,447 shares of the utilities provider’s stock valued at $117,000 after buying an additional 137 shares during the last quarter. Enterprise Financial Services Corp grew its stake in shares of Consolidated Edison by 6.0% during the second quarter. Enterprise Financial Services Corp now owns 1,648 shares of the utilities provider’s stock valued at $133,000 after buying an additional 93 shares during the last quarter. Finally, Cypress Capital Management LLC WY grew its stake in shares of Consolidated Edison by 491.7% during the second quarter. Cypress Capital Management LLC WY now owns 1,775 shares of the utilities provider’s stock valued at $143,000 after buying an additional 1,475 shares during the last quarter. 55.09% of the stock is currently owned by hedge funds and other institutional investors.

In other Consolidated Edison news, CEO Joseph P. Oates sold 1,908 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $83.87, for a total value of $160,023.96. Following the transaction, the chief executive officer now directly owns 24,017 shares in the company, valued at approximately $2,014,305.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 471 shares of company stock worth $39,202 over the last 90 days. Insiders own 0.20% of the company’s stock.

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Shares of Consolidated Edison Inc (ED) traded down 0.08% during mid-day trading on Friday, reaching $84.44. 767,048 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $83.74 and a 200 day moving average price of $80.92. The firm has a market capitalization of $25.81 billion, a price-to-earnings ratio of 20.43 and a beta of 0.09. Consolidated Edison Inc has a 12-month low of $68.76 and a 12-month high of $86.16.

Consolidated Edison (NYSE:ED) last issued its earnings results on Thursday, August 3rd. The utilities provider reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.03). The company 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 company earned $0.60 earnings per share. Analysts anticipate that Consolidated Edison Inc will post $4.09 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Wednesday, August 16th will be paid 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 yield of 3.27%. Consolidated Edison’s dividend payout ratio is currently 66.67%.

ED has been the subject of a number of analyst reports. Morgan Stanley increased their target price on shares of Consolidated Edison from $75.00 to $78.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. Jefferies Group LLC reiterated a “hold” rating and set a $83.50 target price on shares of Consolidated Edison in a report on Thursday, August 31st. BidaskClub lowered shares of Consolidated Edison from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Finally, Zacks Investment Research upgraded shares of Consolidated Edison from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a report on Thursday, May 18th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Consolidated Edison has an average rating of “Hold” and an average price target of $77.88.

Consolidated Edison Profile

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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