Comerica Bank cut its position in Consolidated Edison, Inc. (NYSE:ED) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,312 shares of the utilities provider’s stock after selling 3,704 shares during the quarter. Comerica Bank’s holdings in Consolidated Edison were worth $8,761,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. APG Asset Management N.V. raised its position in Consolidated Edison by 28.4% in the fourth quarter. APG Asset Management N.V. now owns 5,209,155 shares of the utilities provider’s stock valued at $368,519,000 after purchasing an additional 1,153,600 shares during the last quarter. Legal & General Group Plc raised its position in Consolidated Edison by 5.2% in the third quarter. Legal & General Group Plc now owns 2,930,589 shares of the utilities provider’s stock valued at $236,432,000 after purchasing an additional 144,652 shares during the last quarter. Janus Henderson Group PLC raised its position in Consolidated Edison by 25.3% in the third quarter. Janus Henderson Group PLC now owns 2,883,134 shares of the utilities provider’s stock valued at $232,610,000 after purchasing an additional 582,457 shares during the last quarter. Swiss National Bank raised its position in shares of Consolidated Edison by 0.8% during the third quarter. Swiss National Bank now owns 2,135,071 shares of the utilities provider’s stock worth $172,258,000 after acquiring an additional 17,800 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Consolidated Edison by 10.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,366,282 shares of the utilities provider’s stock worth $116,065,000 after acquiring an additional 124,544 shares during the last quarter. Hedge funds and other institutional investors own 56.02% of the company’s stock.

A number of brokerages have recently issued reports on ED. Guggenheim restated a “hold” rating and set a $88.00 price objective on shares of Consolidated Edison in a research report on Wednesday, January 3rd. UBS Group began coverage on Consolidated Edison in a research report on Friday, February 2nd. They set a “neutral” rating and a $80.00 price objective for the company. Zacks Investment Research upgraded Consolidated Edison from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Wednesday, January 3rd. ValuEngine upgraded Consolidated Edison from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Finally, JPMorgan Chase & Co. began coverage on Consolidated Edison in a research report on Friday, January 12th. They set an “underweight” rating and a $78.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Consolidated Edison currently has an average rating of “Hold” and an average target price of $81.86.

Shares of Consolidated Edison, Inc. (NYSE ED) opened at $75.26 on Thursday. Consolidated Edison, Inc. has a one year low of $72.63 and a one year high of $89.70. The company has a market capitalization of $23,528.02, a P/E ratio of 18.92, a P/E/G ratio of 8.89 and a beta of 0.03. 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 also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 14th will be paid a dividend of $0.715 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $2.86 annualized dividend and a yield of 3.80%. This is a boost from Consolidated Edison’s previous quarterly dividend of $0.69. Consolidated Edison’s dividend payout ratio (DPR) is currently 69.00%.

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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).

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

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