Teacher Retirement System of Texas boosted its holdings in shares of Consolidated Edison, Inc. (NYSE:ED) by 1,929.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 237,872 shares of the utilities provider’s stock after purchasing an additional 226,151 shares during the quarter. Teacher Retirement System of Texas’ holdings in Consolidated Edison were worth $20,207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Parametric Portfolio Associates LLC lifted its position in shares of Consolidated Edison by 5.6% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,109,470 shares of the utilities provider’s stock worth $89,512,000 after acquiring an additional 59,098 shares during the period. Private Advisor Group LLC lifted its position in shares of Consolidated Edison by 16.2% in the 3rd quarter. Private Advisor Group LLC now owns 39,980 shares of the utilities provider’s stock worth $3,257,000 after acquiring an additional 5,567 shares during the period. Janus Henderson Group PLC lifted its position in shares of Consolidated Edison by 25.3% in the 3rd quarter. Janus Henderson Group PLC now owns 2,883,134 shares of the utilities provider’s stock worth $232,610,000 after acquiring an additional 582,457 shares during the period. Banco BTG Pactual S.A. lifted its position in shares of Consolidated Edison by 56.3% in the 2nd quarter. Banco BTG Pactual S.A. now owns 54,700 shares of the utilities provider’s stock worth $4,421,000 after acquiring an additional 19,700 shares during the period. Finally, Lincoln National Corp lifted its position in shares of Consolidated Edison by 24.6% in the 3rd quarter. Lincoln National Corp now owns 9,637 shares of the utilities provider’s stock worth $778,000 after acquiring an additional 1,901 shares during the period. Hedge funds and other institutional investors own 56.02% of the company’s stock.

Consolidated Edison, Inc. (ED) opened at $76.89 on Friday. Consolidated Edison, Inc. has a twelve month low of $72.63 and a twelve month high of $89.70. 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 stock has a market capitalization of $23,171.44, a P/E ratio of 19.22, a PEG ratio of 8.75 and a beta of 0.03.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 14th will be issued a $0.715 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This is a boost from Consolidated Edison’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.72%. Consolidated Edison’s dividend payout ratio is presently 69.00%.

A number of brokerages have commented on ED. UBS Group began coverage on Consolidated Edison in a research report on Friday, February 2nd. They issued a “neutral” rating and a $80.00 price objective for the company. Zacks Investment Research downgraded Consolidated Edison from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. JPMorgan Chase & Co. began coverage on Consolidated Edison in a research report on Friday, January 12th. They issued an “underweight” rating and a $78.00 price objective for the company. Guggenheim reiterated a “hold” rating and issued a $88.00 price objective on shares of Consolidated Edison in a research report on Wednesday, January 3rd. Finally, ValuEngine upgraded Consolidated Edison from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.86.

COPYRIGHT VIOLATION NOTICE: “Consolidated Edison, Inc. (ED) Position Increased by Teacher Retirement System of Texas” was originally published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2018/02/10/consolidated-edison-inc-ed-position-increased-by-teacher-retirement-system-of-texas.html.

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).

Want to see what other hedge funds are holding ED? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Consolidated Edison, Inc. (NYSE:ED).

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

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