Worldquant Millennium Advisors LLC Has $1.30 Million Stock Position in Consolidated Edison, Inc. (NYSE:ED)

Share on StockTwits

Worldquant Millennium Advisors LLC decreased its position in shares of Consolidated Edison, Inc. (NYSE:ED) by 52.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,812 shares of the utilities provider’s stock after selling 15,142 shares during the period. Worldquant Millennium Advisors LLC’s holdings in Consolidated Edison were worth $1,304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ED. Leavell Investment Management Inc. lifted its stake in shares of Consolidated Edison by 3.3% in the 3rd quarter. Leavell Investment Management Inc. now owns 3,470 shares of the utilities provider’s stock valued at $328,000 after purchasing an additional 110 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Consolidated Edison by 4.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 2,912 shares of the utilities provider’s stock valued at $255,000 after purchasing an additional 115 shares during the period. Glenview State Bank Trust DEPT. lifted its stake in shares of Consolidated Edison by 4.1% in the 3rd quarter. Glenview State Bank Trust DEPT. now owns 2,935 shares of the utilities provider’s stock valued at $277,000 after purchasing an additional 115 shares during the period. Wilbanks Smith & Thomas Asset Management LLC lifted its stake in shares of Consolidated Edison by 2.7% in the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 4,380 shares of the utilities provider’s stock valued at $384,000 after purchasing an additional 116 shares during the period. Finally, Northern Oak Wealth Management Inc. lifted its stake in shares of Consolidated Edison by 15.5% in the 3rd quarter. Northern Oak Wealth Management Inc. now owns 929 shares of the utilities provider’s stock valued at $88,000 after purchasing an additional 125 shares during the period. 59.93% of the stock is owned by hedge funds and other institutional investors.

ED has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price objective on shares of Consolidated Edison from $90.00 to $89.00 and set an “underweight” rating for the company in a research report on Thursday, October 17th. Barclays cut shares of Consolidated Edison from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $95.00 to $88.00 in a research report on Wednesday, November 27th. Mizuho upgraded shares of Consolidated Edison from a “neutral” rating to a “buy” rating and upped their price objective for the company from $93.00 to $98.00 in a research report on Friday, October 25th. Wells Fargo & Co upped their price objective on shares of Consolidated Edison from $94.00 to $95.00 and gave the company a “market perform” rating in a research report on Monday, October 21st. Finally, Bank of America cut shares of Consolidated Edison from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $99.00 to $92.00 in a research report on Thursday, November 14th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $91.51.

ED stock opened at $86.89 on Monday. The stock has a 50-day moving average price of $89.64 and a two-hundred day moving average price of $88.89. The stock has a market cap of $28.88 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 10.06 and a beta of 0.02. The company has a current ratio of 0.58, a quick ratio of 0.52 and a debt-to-equity ratio of 1.01. Consolidated Edison, Inc. has a 1 year low of $73.29 and a 1 year high of $94.97.

Consolidated Edison (NYSE:ED) last released its earnings results on Monday, November 4th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($0.04). The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $3.50 billion. Consolidated Edison had a return on equity of 7.92% and a net margin of 10.98%. During the same quarter last year, the company posted $1.57 EPS. On average, analysts forecast that Consolidated Edison, Inc. will post 4.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 13th will be issued a dividend of $0.74 per share. This represents a $2.96 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Tuesday, November 12th. Consolidated Edison’s dividend payout ratio (DPR) is presently 68.52%.

Consolidated Edison Company Profile

Consolidated Edison, Inc, through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,622 customers in parts of Manhattan.

Read More: Can systematic risk be avoided?

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.