GTS Securities LLC Sells 14,368 Shares of Consolidated Edison, Inc. (NYSE:ED)

GTS Securities LLC decreased its holdings in shares of Consolidated Edison, Inc. (NYSE:ED - Free Report) by 83.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,841 shares of the utilities provider's stock after selling 14,368 shares during the period. GTS Securities LLC's holdings in Consolidated Edison were worth $254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of ED. JPMorgan Chase & Co. grew its position in shares of Consolidated Edison by 4.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,145,128 shares of the utilities provider's stock valued at $223,373,000 after acquiring an additional 82,985 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Consolidated Edison by 4.7% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,863 shares of the utilities provider's stock worth $434,000 after buying an additional 220 shares during the period. Blue Trust Inc. boosted its holdings in Consolidated Edison by 78.1% in the 4th quarter. Blue Trust Inc. now owns 8,361 shares of the utilities provider's stock worth $746,000 after buying an additional 3,666 shares during the period. KBC Group NV boosted its holdings in Consolidated Edison by 11.1% in the 4th quarter. KBC Group NV now owns 46,095 shares of the utilities provider's stock worth $4,113,000 after buying an additional 4,588 shares during the period. Finally, Foundations Investment Advisors LLC boosted its holdings in Consolidated Edison by 5.1% in the 4th quarter. Foundations Investment Advisors LLC now owns 8,188 shares of the utilities provider's stock worth $731,000 after buying an additional 401 shares during the period. Institutional investors own 66.29% of the company's stock.

Consolidated Edison Price Performance

Shares of NYSE ED traded up $1.27 during mid-day trading on Friday, hitting $104.65. 6,398,492 shares of the company's stock traded hands, compared to its average volume of 2,286,243. The company's 50-day moving average is $107.97 and its two-hundred day moving average is $100.17. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.01 and a quick ratio of 0.93. The company has a market capitalization of $37.70 billion, a P/E ratio of 19.97, a PEG ratio of 3.05 and a beta of 0.29. 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 announced its 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). The business had revenue of $4.80 billion for 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 quarter in the prior year, the company posted $2.15 earnings per share. On average, equities analysts anticipate that Consolidated Edison, Inc. will post 5.62 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Wednesday, May 14th will be given a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Wednesday, May 14th. Consolidated Edison's dividend payout ratio (DPR) is currently 62.85%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ED shares. Scotiabank upped 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. Wells Fargo & Company upped their target price on shares of Consolidated Edison from $103.00 to $114.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Citigroup upped their target price on shares of Consolidated Edison from $116.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Mizuho upped 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. Finally, Barclays increased their price objective on shares of Consolidated Edison from $100.00 to $101.00 and gave the company an "underweight" rating in a report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $104.27.

Consolidated Edison 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.