Noteworthy Ownership Action: Consolidated Edison Inc (NYSE:ED) Institutional Investor Sentiment Is 1.05

November 25, 2016 - By Pete Kolinski   ·   0 Comments

Noteworthy Ownership Action: Consolidated Edison Inc (NYSE:ED) Institutional Investor Sentiment Is 1.05

Sentiment for Consolidated Edison Inc (NYSE:ED)

Consolidated Edison Inc (NYSE:ED) institutional sentiment decreased to 1.05 in 2016 Q2. Its down -0.37, from 1.42 in 2016Q1. The ratio worsened, as 327 funds started new or increased equity positions, while 231 sold and reduced holdings in Consolidated Edison Inc. The funds in our partner’s database now own: 162.41 million shares, up from 161.41 million shares in 2016Q1. Also, the number of funds holding Consolidated Edison Inc in their top 10 equity positions decreased from 6 to 3 for a decrease of 3. Sold All: 48 Reduced: 183 Increased: 269 New Position: 58.

Consolidated Edison, Inc. is a holding company. The company has a market cap of $21.34 billion. The Firm operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and Con Edison Transmission, Inc. It has a 17.5 P/E ratio. It owns competitive energy businesses.

About 287,742 shares traded hands. Consolidated Edison, Inc. (NYSE:ED) has declined 2.84% since April 22, 2016 and is downtrending. It has underperformed by 8.25% the S&P500.

Analysts await Consolidated Edison, Inc. (NYSE:ED) to report earnings on February, 16. They expect $0.66 EPS, up 8.20% or $0.05 from last year’s $0.61 per share. ED’s profit will be $198.88M for 26.83 P/E if the $0.66 EPS becomes a reality. After $1.50 actual EPS reported by Consolidated Edison, Inc. for the previous quarter, Wall Street now forecasts -56.00% negative EPS growth.

According to Zacks Investment Research, “Consolidated Edison, Inc. is one of the nation’s largest investor-owned energy companies. The company provides a wide range of energy- related products and services to its customers through regulated utility subsidiaries and competitive energy and telecommunications businesses.”

Symons Capital Management Inc holds 4.45% of its portfolio in Consolidated Edison, Inc. for 238,185 shares. Welch Group Llc owns 198,490 shares or 3.25% of their US portfolio. Moreover, Alethea Capital Management Llc has 2.86% invested in the company for 25,890 shares. The New York-based Luminus Management Llc has invested 2.8% in the stock. Main Street Research Llc, a California-based fund reported 141,187 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 56 insider buys, and 0 sales for $153,717 net activity.

Consolidated Edison, Inc. (NYSE:ED) Ratings Coverage

Ratings analysis reveals 22% of Con Edison’s analysts are positive. Out of 9 Wall Street analysts rating Con Edison, 2 give it “Buy”, 2 “Sell” rating, while 5 recommend “Hold”. The lowest target is $58 while the high is $80. The stock’s average target of $71.33 is 0.75% above today’s ($70.8) share price. ED was included in 25 notes of analysts from July 29, 2015. The stock of Consolidated Edison, Inc. (NYSE:ED) has “Sell” rating given on Monday, April 18 by Deutsche Bank. The firm earned “Sell” rating on Wednesday, September 14 by Goldman Sachs. The stock has “Neutral” rating given by Mizuho on Friday, September 18. The rating was initiated by Mizuho on Wednesday, July 29 with “Neutral”. The rating was maintained by Jefferies on Thursday, July 14 with “Hold”. The firm earned “Sell” rating on Monday, October 19 by Goldman Sachs. Deutsche Bank maintained Consolidated Edison, Inc. (NYSE:ED) rating on Monday, August 10. Deutsche Bank has “Sell” rating and $60.0 price target. The stock has “Hold” rating given by Vetr on Monday, August 17. The rating was upgraded by Deutsche Bank on Monday, October 24 to “Hold”. Deutsche Bank upgraded the stock to “Hold” rating in Monday, December 14 report.

ED Company Profile

Consolidated Edison, Inc. (Con Edison), incorporated on September 3, 1997, is a holding company. The Firm operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and Con Edison Transmission, Inc. The Firm owns competitive energy businesses. Con Edison also owns Con Edison Transmission, Inc. (Con Edison Transmission), which invests in electric and gas transmission projects through its subsidiaries, Consolidated Edison Transmission, LLC (CET Electric) and Con Edison Gas Midstream, LLC (CET Gas).

More important recent Consolidated Edison, Inc. (NYSE:ED) news were published by: Prnewswire.com which released: “Smart Grid Solutions Chosen by Consolidated Edison, Inc. for Groundbreaking …” on October 26, 2016, also Forbes.com published article titled: “Ex-Dividend Reminder: Target, Consolidated Edison and CenterPoint Energy”, Forbes.com published: “Consolidated Edison a Top Socially Responsible Dividend Stock With 3.6% Yield (ED)” on November 08, 2016. More interesting news about Consolidated Edison, Inc. (NYSE:ED) was released by: Forbes.com and their article: “Consolidated Edison Reaches Analyst Target Price” with publication date: November 01, 2016.

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By Pete Kolinski


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