Focus Partners Advisor Solutions LLC Has $1.54 Million Stock Holdings in Consolidated Edison, Inc. (NYSE:ED)

Focus Partners Advisor Solutions LLC grew its stake in shares of Consolidated Edison, Inc. (NYSE:ED - Free Report) by 26.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,206 shares of the utilities provider's stock after purchasing an additional 3,576 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Consolidated Edison were worth $1,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ED. AlphaMark Advisors LLC bought a new stake in Consolidated Edison during the 4th quarter valued at $27,000. OFI Invest Asset Management bought a new stake in shares of Consolidated Edison during the fourth quarter worth about $35,000. Fairway Wealth LLC bought a new stake in shares of Consolidated Edison during the fourth quarter worth about $36,000. Centricity Wealth Management LLC acquired a new stake in shares of Consolidated Edison in the 4th quarter worth about $39,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in Consolidated Edison in the 4th quarter valued at about $44,000. Institutional investors and hedge funds own 66.29% of the company's stock.

Consolidated Edison Stock Down 1.8%

ED opened at $103.33 on Friday. The company's 50-day moving average price is $108.41 and its two-hundred day moving average price is $99.95. 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. The stock has a market cap of $37.23 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 3.05 and a beta of 0.29.

Consolidated Edison (NYSE:ED - Get Free Report) last posted its quarterly earnings results 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). Consolidated Edison had a net margin of 11.93% and a return on equity of 8.62%. The business had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.21 billion. During the same period last year, the firm earned $2.15 EPS. As a group, equities analysts expect 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. Investors of record on Wednesday, May 14th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.29%. Consolidated Edison's payout ratio is 62.85%.

Analyst Upgrades and Downgrades

A number of analysts have commented on ED shares. KeyCorp lowered Consolidated Edison from a "sector weight" rating to an "underweight" rating and set a $90.00 price objective for the company. in a report on Wednesday, May 14th. Scotiabank upped their price target on Consolidated Edison from $100.00 to $101.00 and gave the stock a "sector perform" rating in a report on Monday, February 24th. Barclays increased their price target on Consolidated Edison from $100.00 to $101.00 and gave the company an "underweight" rating in a research report on Monday, May 5th. Morgan Stanley cut their price objective on shares of Consolidated Edison from $94.00 to $93.00 and set an "underweight" rating on the stock in a report on Thursday. Finally, UBS Group increased their target price on shares of Consolidated Edison from $110.00 to $113.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.

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