Short Interest to Follow: Consolidated Edison Incorporated (NYSE:ED)’s Stock Is Sell After More Market Selling

November 30, 2016 - By Nellie Frank   ·   0 Comments

Short Interest to Follow: Consolidated Edison Incorporated (NYSE:ED)'s Stock Is Sell After More Market Selling

The stock of Consolidated Edison Incorporated (NYSE:ED) registered an increase of 7.36% in short interest. ED’s total short interest was 9.88 million shares in November as published by FINRA. Its up 7.36% from 9.20 million shares, reported previously. With 1.34 million shares average volume, it will take short sellers 7 days to cover their ED’s short positions. The short interest to Consolidated Edison Incorporated’s float is 3.25%. The stock closed at $72.65 during the last session. It is down 1.18% since April 27, 2016 and is downtrending. It has underperformed by 6.41% the S&P500.

Consolidated Edison, Inc. is a holding company. The company has a market cap of $22.76 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 17.96 P/E ratio. It owns competitive energy businesses.

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.37, from 1.42 in 2016Q1. The ratio dived, as 48 funds sold all Consolidated Edison, Inc. shares owned while 183 reduced positions. 58 funds bought stakes while 269 increased positions. They now own 162.41 million shares or 0.62% more from 161.41 million shares in 2016Q1.
Alliancebernstein Lp has 0.04% invested in the company for 589,608 shares. Loomis Sayles Ltd Partnership, a Massachusetts-based fund reported 9,052 shares. Evercore Wealth Mngmt has invested 0.03% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). The New Jersey-based Palisade Cap Management Ltd Liability Corp Nj has invested 0.02% in Consolidated Edison, Inc. (NYSE:ED). Raymond James Finance Serv Advsr Incorporated accumulated 62,343 shares or 0.05% of the stock. Keybank Natl Association Oh reported 20,130 shares or 0.01% of all its holdings. Counselors holds 0.01% or 2,710 shares in its portfolio. Wright Investors Serv Inc holds 0.12% of its portfolio in Consolidated Edison, Inc. (NYSE:ED) for 3,602 shares. Bessemer, a New Jersey-based fund reported 77,655 shares. Cornerstone last reported 0.07% of its portfolio in the stock. Tiaa Cref Investment Mgmt Limited reported 1.24M shares or 0.08% of all its holdings. Acadian Asset Mngmt Ltd Liability Co holds 0.38% or 924,134 shares in its portfolio. Wealth Architects Limited Liability Com has 7,621 shares for 0.3% of their US portfolio. Advisor Ltd Limited Liability Company, a California-based fund reported 3,236 shares. Bridgeway Cap Mgmt has 295,100 shares for 0.37% of their US portfolio.

Insider Transactions: Since May 31, 2016, the stock had 48 buys, and 0 sales for $137,804 net activity. McAvoy John also bought $2,334 worth of Consolidated Edison, Inc. (NYSE:ED) shares. Moore Elizabeth D bought $2,244 worth of Consolidated Edison, Inc. (NYSE:ED) on Sunday, July 31. 27 shares were bought by Muccilo Robert, worth $1,989 on Tuesday, May 31. Cawley Timothy bought $2,325 worth of Consolidated Edison, Inc. (NYSE:ED) on Sunday, July 31. 45 shares were bought by Shukla Saumil P, worth $3,458 on Thursday, June 30. $7,775 worth of Consolidated Edison, Inc. (NYSE:ED) shares were bought by HOGLUND ROBERT N. On Sunday, July 31 the insider Ivey Craig S bought $2,244.

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

Out of 9 analysts covering Con Edison (NYSE:ED), 2 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 22% are positive. Con Edison has been the topic of 25 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was maintained by BMO Capital Markets with “Market Perform” on Monday, August 10. The firm has “Hold” rating by Deutsche Bank given on Monday, October 24. The stock has “Neutral” rating given by Mizuho on Friday, September 18. Deutsche Bank maintained Consolidated Edison, Inc. (NYSE:ED) on Monday, August 10 with “Sell” rating. As per Monday, February 22, the company rating was maintained by UBS. The firm earned “Sell” rating on Monday, April 18 by Deutsche Bank. The firm has “Hold” rating given on Monday, August 10 by Vetr. The stock has “Buy” rating given by Argus Research on Friday, August 28. As per Friday, August 12, the company rating was initiated by Citigroup. The stock has “Sell” rating given by UBS on Friday, August 14.

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 recent Consolidated Edison, Inc. (NYSE:ED) news were published by: Forbes.com which released: “Consolidated Edison a Top Socially Responsible Dividend Stock With 3.6% Yield (ED)” on November 08, 2016. Also Forbes.com published the news titled: “Ex-Dividend Reminder: Target, Consolidated Edison and CenterPoint Energy” on November 10, 2016. Forbes.com‘s news article titled: “Consolidated Edison Reaches Analyst Target Price” with publication date: November 01, 2016 was also an interesting one.

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By Nellie Frank

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