Nomura Asset Management Co. Ltd. increased its position in shares of Consolidated Edison, Inc. (NYSE:ED) by 1.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 129,188 shares of the utilities provider’s stock after acquiring an additional 2,446 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Consolidated Edison were worth $10,423,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Armbruster Capital Management Inc. lifted its position in Consolidated Edison by 127.3% in the second quarter. Armbruster Capital Management Inc. now owns 1,250 shares of the utilities provider’s stock valued at $101,000 after buying an additional 700 shares during the last quarter. WFG Advisors LP lifted its position in Consolidated Edison by 19.6% in the second quarter. WFG Advisors LP now owns 1,308 shares of the utilities provider’s stock valued at $106,000 after buying an additional 214 shares during the last quarter. AllSquare Wealth Management LLC acquired a new position in Consolidated Edison in the third quarter valued at about $113,000. Pinnacle Financial Partners Inc. purchased a new stake in Consolidated Edison during the second quarter worth about $164,000. Finally, Dupont Capital Management Corp purchased a new stake in Consolidated Edison during the second quarter worth about $191,000. 55.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Consolidated Edison, Inc. (ED) opened at $88.02 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.70 and a current ratio of 0.79. Consolidated Edison, Inc. has a one year low of $69.05 and a one year high of $89.58. The firm has a market cap of $27,434.89, a P/E ratio of 22.07, a P/E/G ratio of 7.21 and a beta of 0.10.

Consolidated Edison (NYSE:ED) last released its 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). Consolidated Edison had a return on equity of 8.42% and a net margin of 10.42%. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the company posted $1.51 earnings per share. analysts predict that Consolidated Edison, Inc. will post 4.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.69 per share. The ex-dividend date is Tuesday, November 14th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.14%. Consolidated Edison’s payout ratio is 69.00%.

ED has been the topic of a number of recent research reports. Morgan Stanley boosted their price target on shares of Consolidated Edison from $75.00 to $78.00 and gave the stock an “underweight” rating in a research note on Thursday, August 10th. BidaskClub upgraded shares of Consolidated Edison from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Jefferies Group reiterated a “hold” rating and set a $83.50 price target on shares of Consolidated Edison in a research note on Thursday, August 31st. Zacks Investment Research upgraded shares of Consolidated Edison from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Monday, September 11th. Finally, Evercore ISI lowered shares of Consolidated Edison from an “in-line” rating to an “underperform” rating and set a $74.00 price target on the stock. in a research note on Tuesday, September 26th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. Consolidated Edison currently has an average rating of “Hold” and an average price target of $80.32.

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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).

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

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