Achmea Investment Management B.V. Has $9.06 Million Holdings in Consolidated Edison, Inc. (NYSE:ED)

Achmea Investment Management B.V. decreased its position in shares of Consolidated Edison, Inc. (NYSE:ED) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,538 shares of the utilities provider’s stock after selling 10,787 shares during the period. Achmea Investment Management B.V.’s holdings in Consolidated Edison were worth $9,061,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ED. AlphaMark Advisors LLC acquired a new stake in Consolidated Edison during the 4th quarter valued at $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Consolidated Edison during the third quarter worth $30,000. OFI Invest Asset Management bought a new stake in shares of Consolidated Edison during the fourth quarter worth $35,000. Fairway Wealth LLC acquired a new stake in shares of Consolidated Edison in the fourth quarter valued at $36,000. Finally, Centricity Wealth Management LLC bought a new position in shares of Consolidated Edison in the fourth quarter valued at about $39,000. Institutional investors own 66.29% of the company’s stock.

Analyst Upgrades and Downgrades

ED has been the topic of a number of research analyst reports. Morgan Stanley decreased their price objective on shares of Consolidated Edison from $88.00 to $85.00 and set an “underweight” rating on the stock in a report on Friday, November 22nd. Barclays increased their price target on shares of Consolidated Edison from $92.00 to $95.00 and gave the company an “underweight” rating in a research note on Monday, February 24th. Scotiabank boosted their price objective on shares of Consolidated Edison from $100.00 to $101.00 and gave the stock a “sector perform” rating in a research report on Monday, February 24th. UBS Group increased their price objective on Consolidated Edison from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. Finally, Mizuho boosted their target price on Consolidated Edison from $92.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Consolidated Edison has a consensus rating of “Hold” and an average price target of $101.50.

Consolidated Edison Stock Up 1.9 %

NYSE:ED opened at $104.61 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 1.07. Consolidated Edison, Inc. has a 12-month low of $87.16 and a 12-month high of $107.97. The stock’s fifty day simple moving average is $95.62 and its 200-day simple moving average is $98.15. The firm has a market capitalization of $36.28 billion, a P/E ratio of 19.96, a P/E/G ratio of 3.05 and a beta of 0.30.

Consolidated Edison (NYSE:ED) last issued its earnings results on Thursday, February 20th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.01. The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.63 billion. Consolidated Edison had a return on equity of 8.62% and a net margin of 11.93%. Equities research analysts expect that Consolidated Edison, Inc. will post 5.62 earnings per share for the current year.

Consolidated Edison Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Wednesday, February 19th. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.83. Consolidated Edison’s dividend payout ratio is presently 64.89%.

Consolidated Edison Company 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.