WINTON GROUP Ltd Sells 20,171 Shares of Consolidated Edison Inc (ED)

WINTON GROUP Ltd cut its stake in Consolidated Edison Inc (NYSE:ED) by 60.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,936 shares of the utilities provider’s stock after selling 20,171 shares during the period. WINTON GROUP Ltd’s holdings in Consolidated Edison were worth $1,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ED. Armbruster Capital Management Inc. increased its holdings in Consolidated Edison by 127.3% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,250 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 700 shares in the last quarter. Oakworth Capital Inc. increased its holdings in Consolidated Edison by 10.5% during the 2nd quarter. Oakworth Capital Inc. now owns 1,447 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 137 shares in the last quarter. Enterprise Financial Services Corp increased its holdings in Consolidated Edison by 6.0% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,648 shares of the utilities provider’s stock valued at $133,000 after purchasing an additional 93 shares in the last quarter. Cypress Capital Management LLC WY increased its holdings in Consolidated Edison by 491.7% during the 2nd quarter. Cypress Capital Management LLC WY now owns 1,775 shares of the utilities provider’s stock valued at $143,000 after purchasing an additional 1,475 shares in the last quarter. Finally, Pinnacle Financial Partners Inc. acquired a new stake in Consolidated Edison during the 2nd quarter valued at $164,000. 55.05% of the stock is owned by institutional investors and hedge funds.

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A number of equities research analysts recently weighed in on ED shares. Morgan Stanley raised their price target on Consolidated Edison from $78.00 to $80.00 and gave the company an “underweight” rating in a report on Friday, September 8th. Zacks Investment Research cut Consolidated Edison from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $83.50 price target on shares of Consolidated Edison in a report on Thursday, August 31st. Finally, BidaskClub cut Consolidated Edison from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $77.77.

Shares of Consolidated Edison Inc (NYSE:ED) opened at 84.58 on Friday. The stock has a 50 day moving average price of $83.00 and a 200 day moving average price of $81.88. The firm has a market capitalization of $25.85 billion, a PE ratio of 20.46 and a beta of 0.09. Consolidated Edison Inc has a 1-year low of $68.76 and a 1-year high of $86.16.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.03). The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.79 billion. Consolidated Edison had a return on equity of 8.59% and a net margin of 10.57%. During the same quarter last year, the company posted $0.60 earnings per share. Equities research analysts anticipate that Consolidated Edison Inc will post $4.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 3.25%. Consolidated Edison’s dividend payout ratio (DPR) is presently 66.67%.

In other news, CEO Joseph P. Oates sold 1,908 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $83.87, for a total transaction of $160,023.96. Following the completion of the transaction, the chief executive officer now directly owns 24,017 shares in the company, valued at $2,014,305.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through TRADEMARK VIOLATION NOTICE: “WINTON GROUP Ltd Sells 20,171 Shares of Consolidated Edison Inc (ED)” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/20/winton-group-ltd-sells-20171-shares-of-consolidated-edison-inc-ed.html.

A number of equities research analysts recently weighed in on ED shares. Morgan Stanley raised their price target on Consolidated Edison from $78.00 to $80.00 and gave the company an “underweight” rating in a report on Friday, September 8th. Zacks Investment Research cut Consolidated Edison from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $83.50 price target on shares of Consolidated Edison in a report on Thursday, August 31st. Finally, BidaskClub cut Consolidated Edison from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $77.77.

Shares of Consolidated Edison Inc (NYSE:ED) opened at 84.58 on Friday. The stock has a 50 day moving average price of $83.00 and a 200 day moving average price of $81.88. The firm has a market capitalization of $25.85 billion, a PE ratio of 20.46 and a beta of 0.09. Consolidated Edison Inc has a 1-year low of $68.76 and a 1-year high of $86.16.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.03). The company had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.79 billion. Consolidated Edison had a return on equity of 8.59% and a net margin of 10.57%. During the same quarter last year, the company posted $0.60 earnings per share. Equities research analysts anticipate that Consolidated Edison Inc will post $4.09 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 3.25%. Consolidated Edison’s dividend payout ratio (DPR) is presently 66.67%.

In other news, CEO Joseph P. Oates sold 1,908 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $83.87, for a total transaction of $160,023.96. Following the completion of the transaction, the chief executive officer now directly owns 24,017 shares in the company, valued at $2,014,305.79. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought 158 shares of company stock valued at $13,022 over the last quarter. Company insiders own 0.20% of the company’s stock.

Consolidated Edison Company Profile

Consolidated Edison, Inc (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc (CECONY), Orange and Rockland Utilities, Inc (O&R), Con Edison Clean Energy Businesses, Inc (the Clean Energy Businesses) and Con Edison Transmission, Inc (Con Edison Transmission).

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Institutional Ownership by Quarter for Consolidated Edison (NYSE:ED)

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