Consolidated Edison Inc (NYSE:ED) is Windle Wealth LLC's 6th Largest Position

Windle Wealth LLC lifted its position in Consolidated Edison Inc (NYSE:ED - Free Report) by 6.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,098 shares of the utilities provider's stock after purchasing an additional 4,530 shares during the quarter. Consolidated Edison comprises about 4.4% of Windle Wealth LLC's investment portfolio, making the stock its 6th biggest position. Windle Wealth LLC's holdings in Consolidated Edison were worth $8,526,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Glen Eagle Advisors LLC lifted its position in Consolidated Edison by 6.2% in the fourth quarter. Glen Eagle Advisors LLC now owns 1,902 shares of the utilities provider's stock worth $170,000 after buying an additional 111 shares during the last quarter. Richwood Investment Advisors LLC lifted its stake in Consolidated Edison by 2.3% in the fourth quarter. Richwood Investment Advisors LLC now owns 5,194 shares of the utilities provider's stock worth $463,000 after purchasing an additional 115 shares during the last quarter. Western Wealth Management LLC boosted its position in shares of Consolidated Edison by 0.7% during the first quarter. Western Wealth Management LLC now owns 16,101 shares of the utilities provider's stock valued at $1,781,000 after buying an additional 116 shares during the period. Integrated Advisors Network LLC grew its stake in shares of Consolidated Edison by 1.6% during the first quarter. Integrated Advisors Network LLC now owns 7,842 shares of the utilities provider's stock valued at $867,000 after buying an additional 121 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. lifted its stake in shares of Consolidated Edison by 5.7% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 2,300 shares of the utilities provider's stock worth $205,000 after acquiring an additional 125 shares during the last quarter. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Edison Trading Up 1.0%

Shares of ED traded up $0.97 during midday trading on Monday, reaching $102.05. The company had a trading volume of 1,667,767 shares, compared to its average volume of 2,408,772. The firm has a 50 day simple moving average of $101.68 and a 200-day simple moving average of $101.89. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.04. The stock has a market cap of $36.77 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 3.23 and a beta of 0.26. Consolidated Edison Inc has a 1-year low of $87.28 and a 1-year high of $114.87.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.25 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.05). The business had revenue of $4.80 billion during the quarter, compared to analysts' expectations of $4.21 billion. Consolidated Edison had a return on equity of 8.61% and a net margin of 11.98%. During the same quarter in the previous year, the company posted $2.15 earnings per share. Research analysts forecast that Consolidated Edison Inc will post 5.62 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, August 13th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Wednesday, August 13th. Consolidated Edison's dividend payout ratio (DPR) is currently 62.85%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ED shares. Barclays lifted their target price on Consolidated Edison from $100.00 to $101.00 and gave the company an "underweight" rating in a research report on Monday, May 5th. KeyCorp reaffirmed an "overweight" rating on shares of Consolidated Edison in a research note on Wednesday, July 16th. Morgan Stanley dropped their target price on shares of Consolidated Edison from $93.00 to $92.00 and set an "underweight" rating on the stock in a report on Wednesday, June 18th. Citigroup upped their price target on shares of Consolidated Edison from $116.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company upped their target price on Consolidated Edison from $103.00 to $114.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Consolidated Edison has an average rating of "Hold" and an average price target of $105.09.

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.