AMP Capital Investors Ltd raised its position in shares of Consolidated Edison, Inc. (NYSE:ED) by 1.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 234,126 shares of the utilities provider’s stock after purchasing an additional 3,857 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.08% of Consolidated Edison worth $18,889,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Girard Partners LTD. lifted its stake in Consolidated Edison by 91.9% during the 2nd quarter. Girard Partners LTD. now owns 5,578 shares of the utilities provider’s stock valued at $451,000 after acquiring an additional 2,671 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Consolidated Edison by 1.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 560,190 shares of the utilities provider’s stock worth $45,274,000 after acquiring an additional 9,825 shares during the last quarter. Engineers Gate Manager LP bought a new position in Consolidated Edison in the 2nd quarter worth about $3,562,000. Lazard Asset Management LLC boosted its stake in Consolidated Edison by 129.8% in the 2nd quarter. Lazard Asset Management LLC now owns 380,193 shares of the utilities provider’s stock worth $30,726,000 after purchasing an additional 214,717 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Consolidated Edison by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 21,821,324 shares of the utilities provider’s stock valued at $1,763,600,000 after acquiring an additional 516,860 shares during the last quarter. Hedge funds and other institutional investors own 55.69% of the company’s stock.

Consolidated Edison, Inc. (ED) opened at $88.92 on Friday. Consolidated Edison, Inc. has a fifty-two week low of $70.40 and a fifty-two week high of $89.58. The stock has a market capitalization of $27,437.99, a price-to-earnings ratio of 22.07, a PEG ratio of 7.21 and a beta of 0.10. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.79 and a quick ratio of 0.70.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $3.14 billion. During the same period in the previous year, the business earned $1.51 EPS. sell-side analysts anticipate that Consolidated Edison, Inc. will post 4.09 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a $0.69 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $2.76 annualized dividend and a dividend yield of 3.10%. Consolidated Edison’s dividend payout ratio is presently 69.00%.

A number of analysts recently weighed in on the company. Evercore ISI downgraded Consolidated Edison from an “in-line” rating to an “underperform” rating and set a $74.00 target price for the company. in a research report on Tuesday, September 26th. Zacks Investment Research raised Consolidated Edison from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Monday, October 2nd. ValuEngine raised Consolidated Edison from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. BidaskClub raised Consolidated Edison from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, Bank of America began coverage on Consolidated Edison in a report on Tuesday, October 24th. They issued a “buy” rating and a $92.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Consolidated Edison has an average rating of “Hold” and a consensus target price of $80.32.

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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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