Many institutional investors and hedge funds have increased or decreased their stakes in Consolidated Edison. Retirement Planning Co of New England Inc. raised its holdings by 4.2% in the second quarter, now owning 2,501 shares valued at $224,000. Benjamin F. Edwards & Company Inc. increased its stake by 13.0% in the 2nd quarter, now owning 868 shares valued at $78,000. Syon Capital LLC raised its holdings by 2.3% in the fourth quarter, now owning 5,954 shares valued at $542,000. G&S Capital LLC boosted its position by 1.6% in the first quarter, now owning 8,747 shares valued at $794,000. Checchi Capital Advisers LLC grew its holdings by 2.6% in the second quarter, now owning 5,627 shares valued at $503,000. Institutional investors and hedge funds own 66.29% of the company’s stock.
Consolidated Edison Price Performance
ED opened at $105.17 on Wednesday with a 52-week low of $80.46 and a 52-week high of $105.99. The company has a market cap of $36.37 billion, a P/E ratio of 20.19, and a beta of 0.36. The company also has a quick ratio of 0.97, a current ratio of 1.04, and a debt-to-equity ratio of 1.08.
Consolidated Edison (NYSE:ED – Get Free Report) reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.08 billion. Analysts expect Consolidated Edison, Inc. to post 5.3 earnings per share for the current year.
Consolidated Edison Dividend Announcement
The company declared a quarterly dividend of $0.83 per share and has a payout ratio of 63.72%.
Analysts Set New Price Targets
Several research analysts have issued reports on Consolidated Edison with price targets ranging from $85.00 to $106.00. The company has an average rating of “Hold” with a consensus target price of $93.81.
View Our Latest Stock Report on Consolidated Edison
Consolidated Edison Company Profile
Consolidated Edison, Inc, through its subsidiaries, offers electric, gas, and steam delivery services in the United States.
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