Consolidated Edison, Inc. (NYSE:ED) Stock Holdings Decreased by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. reduced its holdings in shares of Consolidated Edison, Inc. (NYSE:ED - Free Report) by 16.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,103 shares of the utilities provider's stock after selling 2,825 shares during the quarter. SOA Wealth Advisors LLC.'s holdings in Consolidated Edison were worth $1,560,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Consolidated Edison during the 1st quarter valued at approximately $231,000. Wedmont Private Capital lifted its stake in Consolidated Edison by 2.3% during the first quarter. Wedmont Private Capital now owns 9,168 shares of the utilities provider's stock worth $1,007,000 after purchasing an additional 202 shares during the last quarter. UMB Bank n.a. lifted its stake in Consolidated Edison by 4.6% during the first quarter. UMB Bank n.a. now owns 10,499 shares of the utilities provider's stock worth $1,161,000 after purchasing an additional 463 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Consolidated Edison during the first quarter worth $276,000. Finally, Harrington Investments INC lifted its stake in Consolidated Edison by 0.6% during the first quarter. Harrington Investments INC now owns 27,526 shares of the utilities provider's stock worth $3,044,000 after purchasing an additional 157 shares during the last quarter. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Edison Price Performance

ED traded down $0.70 on Friday, reaching $101.57. The company had a trading volume of 1,694,450 shares, compared to its average volume of 2,287,717. The company has a market capitalization of $36.59 billion, a P/E ratio of 19.38, a PEG ratio of 3.05 and a beta of 0.27. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 1.07. The company has a fifty day moving average of $107.33 and a 200-day moving average of $100.41. Consolidated Edison, Inc. has a one year low of $87.28 and a one year high of $114.87.

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

Consolidated Edison Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.85 per share. The ex-dividend date is Wednesday, May 14th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.35%. Consolidated Edison's dividend payout ratio (DPR) is 62.85%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ED shares. Wells Fargo & Company raised their price objective on Consolidated Edison from $103.00 to $114.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. UBS Group raised their price objective on Consolidated Edison from $110.00 to $113.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Barclays raised their price objective on Consolidated Edison from $100.00 to $101.00 and gave the stock an "underweight" rating in a research note on Monday, May 5th. Guggenheim raised their price objective on Consolidated Edison from $96.00 to $103.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Citigroup increased their target price on Consolidated Edison from $116.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $104.27.

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.