111 Capital Invests $381,000 in Consolidated Edison, Inc. (NYSE:ED)

111 Capital acquired a new position in Consolidated Edison, Inc. (NYSE:ED - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,266 shares of the utilities provider's stock, valued at approximately $381,000.

Other institutional investors also recently bought and sold shares of the company. Tableaux LLC bought a new stake in Consolidated Edison in the 4th quarter valued at $417,000. Northstar Financial Companies Inc. bought a new stake in Consolidated Edison in the 4th quarter valued at $596,000. Wood Tarver Financial Group LLC bought a new stake in Consolidated Edison in the 4th quarter valued at $35,000. Smith Shellnut Wilson LLC ADV grew its stake in shares of Consolidated Edison by 10.2% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 2,437 shares of the utilities provider's stock worth $217,000 after buying an additional 225 shares in the last quarter. Finally, Siemens Fonds Invest GmbH increased its holdings in shares of Consolidated Edison by 194.4% in the 4th quarter. Siemens Fonds Invest GmbH now owns 16,702 shares of the utilities provider's stock worth $1,490,000 after buying an additional 11,028 shares during the last quarter. 66.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on ED shares. Mizuho boosted their target price on shares of Consolidated Edison from $92.00 to $95.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Scotiabank boosted their target price on shares of Consolidated Edison from $100.00 to $101.00 and gave the stock a "sector perform" rating in a report on Monday, February 24th. Morgan Stanley reduced their target price on shares of Consolidated Edison from $94.00 to $93.00 and set an "underweight" rating on the stock in a report on Thursday, May 22nd. KeyCorp cut shares of Consolidated Edison from a "sector weight" rating to an "underweight" rating and set a $90.00 price target for the company. in a research note on Wednesday, May 14th. Finally, Barclays lifted their price target on shares of Consolidated Edison from $100.00 to $101.00 and gave the stock an "underweight" rating in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $104.27.

Consolidated Edison Trading Down 0.5%

Consolidated Edison stock traded down $0.55 during trading hours on Tuesday, hitting $103.31. The company had a trading volume of 2,316,643 shares, compared to its average volume of 2,286,686. The firm has a market cap of $37.22 billion, a P/E ratio of 19.72, a P/E/G ratio of 3.05 and a beta of 0.29. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.93 and a current ratio of 1.01. Consolidated Edison, Inc. has a 1 year low of $87.28 and a 1 year high of $114.87. The company has a 50-day moving average price of $107.80 and a two-hundred day moving average price of $100.31.

Consolidated Edison (NYSE:ED - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.05). The company had revenue of $4.80 billion during the quarter, compared to analysts' expectations of $4.21 billion. Consolidated Edison had a net margin of 11.93% and a return on equity of 8.62%. During the same period last year, the firm earned $2.15 earnings per share. On average, sell-side analysts anticipate that Consolidated Edison, Inc. will post 5.62 earnings per share for the current year.

Consolidated Edison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, May 14th will be given a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $3.40 annualized dividend and a yield of 3.29%. Consolidated Edison's dividend payout ratio (DPR) is 62.85%.

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.