Vaughan David Investments Inc. IL boosted its holdings in Consolidated Edison Inc (NYSE:ED) by 202.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 416,247 shares of the utilities provider’s stock after purchasing an additional 278,822 shares during the quarter. Vaughan David Investments Inc. IL owned 0.13% of Consolidated Edison worth $20,833,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Fiera Capital Corp raised its position in shares of Consolidated Edison by 0.3% in the 2nd quarter. Fiera Capital Corp now owns 4,895 shares of the utilities provider’s stock valued at $395,000 after buying an additional 13 shares in the last quarter. Sabal Trust CO raised its position in shares of Consolidated Edison by 0.6% in the 2nd quarter. Sabal Trust CO now owns 2,715 shares of the utilities provider’s stock valued at $219,000 after buying an additional 15 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Consolidated Edison by 0.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,186 shares of the utilities provider’s stock valued at $257,000 after buying an additional 18 shares in the last quarter. Financial Architects Inc raised its position in shares of Consolidated Edison by 0.6% in the 2nd quarter. Financial Architects Inc now owns 3,378 shares of the utilities provider’s stock valued at $273,000 after buying an additional 19 shares in the last quarter. Finally, United Asset Strategies Inc. raised its position in shares of Consolidated Edison by 0.3% in the 2nd quarter. United Asset Strategies Inc. now owns 6,749 shares of the utilities provider’s stock valued at $545,000 after buying an additional 21 shares in the last quarter. Institutional investors and hedge funds own 55.30% of the company’s stock.

Consolidated Edison Inc (NYSE ED) traded down $0.66 on Friday, reaching $87.36. 2,826,200 shares of the company’s stock were exchanged, compared to its average volume of 1,499,024. Consolidated Edison Inc has a 52-week low of $68.85 and a 52-week high of $89.58. The company has a quick ratio of 0.70, a current ratio of 0.79 and a debt-to-equity ratio of 0.97. The company has a market cap of $26,880.00, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 7.17 and a beta of 0.10.

Consolidated Edison (NYSE:ED) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $1.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.07). Consolidated Edison had a return on equity of 8.42% and a net margin of 10.42%. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the firm earned $1.51 earnings per share. research analysts expect that Consolidated Edison Inc will post 4.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Tuesday, November 14th. Consolidated Edison’s payout ratio is 69.17%.

In other news, CEO Joseph P. Oates sold 1,908 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $83.87, for a total value of $160,023.96. Following the sale, the chief executive officer now directly owns 24,017 shares of the company’s stock, valued at approximately $2,014,305.79. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have acquired a total of 183 shares of company stock worth $15,248 over the last three months. Insiders own 0.20% of the company’s stock.

Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of Consolidated Edison from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of Consolidated Edison from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Tuesday. Evercore ISI lowered shares of Consolidated Edison from an “in-line” rating to an “underperform” rating and set a $74.00 price target on the stock. in a report on Tuesday, September 26th. ValuEngine raised shares of Consolidated Edison from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Finally, Morgan Stanley lifted their price target on shares of Consolidated Edison from $75.00 to $78.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Consolidated Edison has an average rating of “Hold” and a consensus target price of $80.32.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/11/17/vaughan-david-investments-inc-il-has-20-83-million-holdings-in-consolidated-edison-inc-ed.html.

Consolidated Edison Company 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).

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

Receive News & Ratings for Consolidated Edison Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated Edison Inc and related companies with MarketBeat.com's FREE daily email newsletter.