Retirement Design & Management Inc. ADV Takes Position in Consolidated Edison Inc. (ED)

Retirement Design & Management Inc. ADV purchased a new position in Consolidated Edison Inc. (NYSE:ED) during the second quarter, Holdings Channel reports. The institutional investor purchased 8,629 shares of the company’s stock, valued at approximately $694,000.

Several other large investors have also recently made changes to their positions in ED. Retirement Systems of Alabama increased its stake in shares of Consolidated Edison by 3.9% in the second quarter. Retirement Systems of Alabama now owns 155,065 shares of the company’s stock worth $12,473,000 after buying an additional 5,864 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Consolidated Edison by 66.8% in the first quarter. Renaissance Technologies LLC now owns 825,300 shares of the company’s stock worth $63,234,000 after buying an additional 330,600 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Consolidated Edison by 4.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,188,314 shares of the company’s stock worth $95,585,000 after buying an additional 52,875 shares during the last quarter. GW&K Investment Management LLC increased its stake in shares of Consolidated Edison by 6.5% in the second quarter. GW&K Investment Management LLC now owns 310,849 shares of the company’s stock worth $25,005,000 after buying an additional 18,980 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Consolidated Edison by 45.6% in the first quarter. Royal Bank of Canada now owns 761,325 shares of the company’s stock worth $58,333,000 after buying an additional 238,503 shares during the last quarter. 54.73% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Consolidated Edison Inc. (NYSE:ED) traded up 0.33% on Tuesday, hitting $73.24. 1,670,279 shares of the stock traded hands. Consolidated Edison Inc. has a 52-week low of $60.30 and a 52-week high of $81.88. The firm has a market cap of $22.30 billion, a PE ratio of 18.98 and a beta of 0.01. The firm has a 50 day moving average price of $74.83 and a 200 day moving average price of $76.09.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.09. Consolidated Edison had a return on equity of 8.88% and a net margin of 9.47%. During the same period in the prior year, the company earned $0.78 earnings per share. On average, equities analysts forecast that Consolidated Edison Inc. will post $3.97 EPS for the current year.

A number of equities research analysts recently weighed in on the stock. Citigroup Inc. lowered their target price on shares of Consolidated Edison from $76.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 4th. Morgan Stanley set a $69.00 target price on shares of Consolidated Edison and gave the company a “sell” rating in a research note on Wednesday, September 21st. Vetr raised shares of Consolidated Edison from a “sell” rating to a “hold” rating and set a $74.71 target price on the stock in a research note on Wednesday, September 7th. Zacks Investment Research downgraded shares of Consolidated Edison from a “hold” rating to a “sell” rating in a research note on Wednesday, September 21st. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Consolidated Edison in a research note on Monday, August 1st. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $74.47.

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) and Con Edison Transmission, Inc It owns competitive energy businesses. The Company also owns Con Edison Transmission, Inc (Con Edison Transmission), which invests in electric and gas transmission projects through its subsidiaries, Consolidated Edison Transmission, LLC (CET Electric) and Con Edison Gas Midstream, LLC (CET Gas).

5 Day Chart for NYSE:ED

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).

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.

Latest News

Michael Jordan Gains Ground on Getting His Name Back
Michael Jordan Gains Ground on Getting His Name Back
McDonald’s Keeping As Much As 25% in Hong Kong and China Stores
McDonald’s Keeping As Much As 25% in Hong Kong and China Stores
President Obama Take Steps to Block Chip Maker Acquisition by Chinese Company
President Obama Take Steps to Block Chip Maker Acquisition by Chinese Company
GoPro Planning to Cut 200 Jobs
GoPro Planning to Cut 200 Jobs
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Early Data from Cyber Monday Shows Sales Increasing Over 9%
Retailers Anticipating Strong Support for Small Business Saturday
Retailers Anticipating Strong Support for Small Business Saturday


 
© 2006-2016 Ticker Report. Google+.