State of New Jersey Widespread Pension Fund D trimmed its holdings in shares of Consolidated Edison, Inc. (NYSE:ED – Free Report) by 35.1% throughout the 2nd quarter, Holdings Channel studies. The institutional investor owned 119,738 shares of the utilities supplier’s inventory after promoting 64,640 shares throughout the interval. State of New Jersey Widespread Pension Fund D’s holdings in Consolidated Edison have been price $10,707,000 as of its most up-to-date SEC submitting.
A number of different institutional buyers and hedge funds have additionally not too long ago added to or decreased their stakes within the enterprise. Dimensional Fund Advisors LP lifted its holdings in shares of Consolidated Edison by 0.6% within the 4th quarter. Dimensional Fund Advisors LP now owns 1,126,595 shares of the utilities supplier’s inventory valued at $102,484,000 after shopping for a further 6,176 shares throughout the interval. Envestnet Portfolio Options Inc. lifted its holdings in shares of Consolidated Edison by 34.1% within the 4th quarter. Envestnet Portfolio Options Inc. now owns 13,742 shares of the utilities supplier’s inventory valued at $1,250,000 after shopping for a further 3,494 shares throughout the interval. Foundations Funding Advisors LLC lifted its holdings in shares of Consolidated Edison by 22.1% within the 4th quarter. Foundations Funding Advisors LLC now owns 7,254 shares of the utilities supplier’s inventory valued at $673,000 after shopping for a further 1,315 shares throughout the interval. Quadrant Capital Group LLC lifted its holdings in shares of Consolidated Edison by 8.8% within the 4th quarter. Quadrant Capital Group LLC now owns 2,049 shares of the utilities supplier’s inventory valued at $186,000 after shopping for a further 165 shares throughout the interval. Lastly, Beacon Pointe Advisors LLC lifted its holdings in shares of Consolidated Edison by 6.0% within the 4th quarter. Beacon Pointe Advisors LLC now owns 21,035 shares of the utilities supplier’s inventory valued at $1,914,000 after shopping for a further 1,200 shares throughout the interval. 66.29% of the inventory is presently owned by hedge funds and different institutional buyers.
Consolidated Edison Value Efficiency
NYSE:ED opened at $104.56 on Friday. Consolidated Edison, Inc. has a 12 month low of $80.46 and a 12 month excessive of $105.99. The inventory has a 50 day shifting common of $98.73 and a two-hundred day shifting common of $94.10. The corporate has a present ratio of 1.04, a fast ratio of 0.97 and a debt-to-equity ratio of 1.08. The agency has a market cap of $36.19 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of three.50 and a beta of 0.36.
Consolidated Edison (NYSE:ED – Get Free Report) final posted its quarterly earnings information on Thursday, August 1st. The utilities supplier reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Consolidated Edison had a return on fairness of 8.67% and a web margin of 12.03%. The corporate had income of $3.22 billion throughout the quarter, in comparison with analyst estimates of $3.08 billion. Throughout the identical interval within the earlier 12 months, the enterprise earned $0.61 EPS. On common, analysts anticipate that Consolidated Edison, Inc. will publish 5.31 earnings per share for the present fiscal 12 months.
Consolidated Edison Proclaims Dividend
The enterprise additionally not too long ago declared a quarterly dividend, which will likely be paid on Monday, September sixteenth. Stockholders of report on Wednesday, August 14th will likely be given a $0.83 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $3.32 dividend on an annualized foundation and a dividend yield of three.18%. Consolidated Edison’s dividend payout ratio (DPR) is presently 63.72%.
Wall Road Analyst Weigh In
ED has been the topic of a number of analyst studies. Wells Fargo & Firm boosted their worth goal on Consolidated Edison from $97.00 to $105.00 and gave the corporate an “equal weight” ranking in a report on Friday, August 2nd. Scotiabank upped their worth goal on Consolidated Edison from $85.00 to $90.00 and gave the inventory a “sector underperform” ranking in a report on Tuesday, August twentieth. Guggenheim upped their worth goal on Consolidated Edison from $88.00 to $91.00 and gave the inventory a “impartial” ranking in a report on Friday, August 2nd. Financial institution of America upped their worth goal on Consolidated Edison from $97.00 to $109.00 and gave the inventory a “purchase” ranking in a report on Monday, August fifth. Lastly, UBS Group upped their worth goal on Consolidated Edison from $92.00 to $96.00 and gave the inventory a “impartial” ranking in a report on Friday, July nineteenth. 4 equities analysis analysts have rated the inventory with a promote ranking, eight have assigned a maintain ranking, one has issued a purchase ranking and one has assigned a robust purchase ranking to the corporate’s inventory. In keeping with MarketBeat, Consolidated Edison has a median ranking of “Maintain” and a median goal worth of $92.65.
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Consolidated Edison Profile
Consolidated Edison, Inc, by way of its subsidiaries, engages within the regulated electrical, gasoline, and steam supply companies in america. It presents electrical providers to roughly 3.7 million prospects in New York Metropolis and Westchester County; gasoline to roughly 1.1 million prospects in Manhattan, the Bronx, elements of Queens, and Westchester County; and steam to roughly 1,530 prospects in elements of Manhattan.
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