Consolidated Edison, Inc. (NYSE:ED) Shares Purchased by NBC Securities Inc.

NBC Securities Inc. lifted its position in shares of Consolidated Edison, Inc. (NYSE:ED - Free Report) by 138,950.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,781 shares of the utilities provider's stock after buying an additional 2,779 shares during the quarter. NBC Securities Inc.'s holdings in Consolidated Edison were worth $307,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ED. Jacobi Capital Management LLC boosted its stake in Consolidated Edison by 4.2% in the 4th quarter. Jacobi Capital Management LLC now owns 2,569 shares of the utilities provider's stock worth $229,000 after buying an additional 104 shares during the last quarter. Glen Eagle Advisors LLC lifted its holdings in shares of Consolidated Edison by 6.2% during the 4th quarter. Glen Eagle Advisors LLC now owns 1,902 shares of the utilities provider's stock worth $170,000 after acquiring an additional 111 shares during the period. Richwood Investment Advisors LLC boosted its position in shares of 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 acquiring an additional 115 shares during the last quarter. Penobscot Investment Management Company Inc. boosted its position in shares of Consolidated Edison by 5.7% in the fourth 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. Finally, TrinityPoint Wealth LLC grew its holdings in Consolidated Edison by 1.1% in the fourth quarter. TrinityPoint Wealth LLC now owns 11,395 shares of the utilities provider's stock valued at $1,017,000 after purchasing an additional 129 shares during the period. Institutional investors and hedge funds own 66.29% of the company's stock.

Consolidated Edison Stock Up 1.2%

Shares of NYSE ED traded up $1.23 during trading on Tuesday, reaching $102.34. 2,311,785 shares of the stock were exchanged, compared to its average volume of 2,287,726. The company has a market capitalization of $36.87 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 3.05 and a beta of 0.27. The business's 50-day moving average price is $106.96 and its 200 day moving average price is $100.45. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 1.07. Consolidated Edison, Inc. has a twelve month low of $87.28 and a twelve month 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 EPS for the quarter, missing analysts' consensus estimates of $2.30 by ($0.05). The firm had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.21 billion. Consolidated Edison had a return on equity of 8.62% and a net margin of 11.93%. During the same quarter in the prior year, the firm earned $2.15 EPS. As a group, equities analysts forecast that Consolidated Edison, Inc. will post 5.62 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Wednesday, May 14th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Wednesday, May 14th. Consolidated Edison's dividend payout ratio is currently 62.85%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Scotiabank lifted their target price on Consolidated Edison from $100.00 to $101.00 and gave the company a "sector perform" rating in a report on Monday, February 24th. KeyCorp lowered Consolidated Edison from a "sector weight" rating to an "underweight" rating and set a $90.00 price objective on the stock. in a research note on Wednesday, May 14th. Citigroup increased their target price 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. Wells Fargo & Company raised their price target on shares of Consolidated Edison from $103.00 to $114.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Finally, Barclays boosted their price objective 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $104.27.

About Consolidated Edison

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.