North Star Investment Management Corp. raised its holdings in Consolidated Edison, Inc. (NYSE:ED) by 59.8% during the 4th quarter, HoldingsChannel reports. The firm owned 3,678 shares of the utilities provider’s stock after purchasing an additional 1,376 shares during the quarter. North Star Investment Management Corp.’s holdings in Consolidated Edison were worth $312,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Neuberger Berman Group LLC lifted its stake in shares of Consolidated Edison by 2.3% during the second quarter. Neuberger Berman Group LLC now owns 22,917 shares of the utilities provider’s stock valued at $1,852,000 after buying an additional 511 shares during the period. CIBC World Markets Inc. purchased a new position in shares of Consolidated Edison during the second quarter valued at approximately $480,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Consolidated Edison by 19.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,471 shares of the utilities provider’s stock valued at $442,000 after buying an additional 901 shares during the period. Fiera Capital Corp lifted its stake in shares of Consolidated Edison by 0.3% during the second 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 during the period. Finally, WBI Investments Inc. lifted its stake in shares of Consolidated Edison by 231.5% during the second quarter. WBI Investments Inc. now owns 19,670 shares of the utilities provider’s stock valued at $1,590,000 after buying an additional 13,736 shares during the period. 55.50% of the stock is currently owned by institutional investors.

Consolidated Edison, Inc. (ED) opened at $79.49 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.70 and a current ratio of 0.79. The firm has a market cap of $24,650.00, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 9.44 and a beta of 0.10. Consolidated Edison, Inc. has a one year low of $72.13 and a one year high of $89.70.

Consolidated Edison (NYSE:ED) last posted its quarterly 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). The company had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Consolidated Edison had a return on equity of 8.42% and a net margin of 10.42%. During the same period in the prior year, the business earned $1.51 EPS. equities analysts expect that Consolidated Edison, Inc. will post 4.1 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Tuesday, November 14th. Consolidated Edison’s dividend payout ratio is currently 69.17%.

Several brokerages recently issued reports on ED. Zacks Investment Research downgraded shares of Consolidated Edison from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Evercore ISI downgraded shares of Consolidated Edison from an “in-line” rating to an “underperform” rating and set a $74.00 price objective on the stock. in a research note on Tuesday, September 26th. KeyCorp reissued a “hold” rating on shares of Consolidated Edison in a research note on Friday, October 20th. Bank of America began coverage on shares of Consolidated Edison in a research note on Tuesday, October 24th. They set a “buy” rating and a $92.00 price objective on the stock. Finally, ValuEngine raised shares of Consolidated Edison from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Six research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Consolidated Edison has an average rating of “Hold” and an average target price of $80.71.

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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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