Headlands Technologies LLC Has $121,000 Stock Position in Consolidated Edison, Inc. (NYSE:ED)

Headlands Technologies LLC lifted its holdings in shares of Consolidated Edison, Inc. (NYSE:ED) by 162.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,351 shares of the utilities provider’s stock after purchasing an additional 837 shares during the period. Headlands Technologies LLC’s holdings in Consolidated Edison were worth $121,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. AlphaMark Advisors LLC acquired a new position in Consolidated Edison during the 4th quarter worth about $27,000. OFI Invest Asset Management acquired a new position in shares of Consolidated Edison in the fourth quarter worth approximately $35,000. Fairway Wealth LLC acquired a new position in shares of Consolidated Edison in the fourth quarter worth approximately $36,000. Centricity Wealth Management LLC bought a new stake in Consolidated Edison in the fourth quarter valued at approximately $39,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Consolidated Edison during the 4th quarter valued at approximately $44,000. Institutional investors own 66.29% of the company’s stock.

Analyst Ratings Changes

ED has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Consolidated Edison from $85.00 to $91.00 and gave the stock an “underweight” rating in a research report on Thursday, March 20th. Evercore ISI cut shares of Consolidated Edison from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Mizuho lifted their price objective on Consolidated Edison from $92.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Barclays upped their target price on Consolidated Edison from $92.00 to $95.00 and gave the company an “underweight” rating in a research report on Monday, February 24th. Finally, Scotiabank lifted their target price on Consolidated Edison from $100.00 to $101.00 and gave the stock a “sector perform” rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $102.40.

Consolidated Edison Price Performance

Shares of NYSE:ED opened at $109.53 on Monday. The stock’s 50 day moving average is $101.43 and its 200-day moving average is $98.70. Consolidated Edison, Inc. has a twelve month low of $87.28 and a twelve month high of $114.87. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $39.45 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 3.05 and a beta of 0.27.

Consolidated Edison (NYSE:ED) last released its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.01. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.63 billion. Consolidated Edison had a net margin of 11.93% and a return on equity of 8.62%. Sell-side analysts forecast that Consolidated Edison, Inc. will post 5.62 EPS for the current fiscal year.

Consolidated Edison Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th were issued a dividend of $0.85 per share. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.83. This represents a $3.40 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Wednesday, February 19th. Consolidated Edison’s payout ratio is currently 64.89%.

Consolidated Edison Profile

Consolidated Edison, Inc, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 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 1,530 customers in parts of Manhattan.