BI Asset Management Fondsmaeglerselskab A S Has $1.27 Million Stock Holdings in Consolidated Edison, Inc. (NYSE:ED)

BI Asset Management Fondsmaeglerselskab A S raised its holdings in Consolidated Edison, Inc. (NYSE:ED - Free Report) by 146.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,227 shares of the utilities provider's stock after acquiring an additional 8,445 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Consolidated Edison were worth $1,269,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ED. AlphaMark Advisors LLC bought a new position in shares of Consolidated Edison during the fourth quarter worth $27,000. OFI Invest Asset Management bought a new position in Consolidated Edison during the fourth quarter worth about $35,000. Fairway Wealth LLC acquired a new position in Consolidated Edison in the fourth quarter valued at about $36,000. Centricity Wealth Management LLC bought a new stake in shares of Consolidated Edison in the fourth quarter worth about $39,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Consolidated Edison in the fourth quarter worth about $44,000. Institutional investors and hedge funds own 66.29% of the company's stock.

Consolidated Edison Stock Up 0.0 %

ED stock traded up $0.05 during midday trading on Monday, hitting $110.50. The company's stock had a trading volume of 579,797 shares, compared to its average volume of 2,198,968. The company's fifty day moving average price is $106.42 and its 200 day moving average price is $99.51. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.01 and a quick ratio of 0.93. Consolidated Edison, Inc. has a twelve month low of $87.28 and a twelve month high of $114.87. The stock has a market capitalization of $39.80 billion, a P/E ratio of 21.11, a PEG ratio of 3.05 and a beta of 0.27.

Consolidated Edison (NYSE:ED - Get Free Report) last released its earnings results on Thursday, February 20th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.01. Consolidated Edison had a return on equity of 8.62% and a net margin of 11.93%. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.63 billion. As a group, equities research analysts predict that Consolidated Edison, Inc. will post 5.62 EPS for the current year.

Consolidated Edison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Wednesday, May 14th. Consolidated Edison's dividend payout ratio is currently 64.89%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ED shares. Scotiabank boosted their price objective on Consolidated Edison from $100.00 to $101.00 and gave the company a "sector perform" rating in a research report on Monday, February 24th. UBS Group increased their price objective on shares of Consolidated Edison from $110.00 to $113.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Citigroup raised their price objective on shares of Consolidated Edison from $116.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Morgan Stanley set a $94.00 target price on shares of Consolidated Edison and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Barclays increased their target price on Consolidated Edison from $95.00 to $100.00 and gave the stock an "underweight" rating in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $103.60.

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.