Universal Beteiligungs und Servicegesellschaft mbH Makes New $45.60 Million Investment in Consolidated Edison, Inc. (NYSE:ED)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Consolidated Edison, Inc. (NYSE:ED - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 511,026 shares of the utilities provider's stock, valued at approximately $45,599,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.15% of Consolidated Edison as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Consolidated Edison by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 42,455,662 shares of the utilities provider's stock valued at $3,788,319,000 after acquiring an additional 488,752 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Consolidated Edison by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 8,984,022 shares of the utilities provider's stock worth $799,684,000 after buying an additional 130,234 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Consolidated Edison by 6.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,820,449 shares of the utilities provider's stock worth $430,129,000 after buying an additional 271,088 shares during the period. Norges Bank acquired a new stake in shares of Consolidated Edison during the fourth quarter worth $399,824,000. Finally, Northern Trust Corp increased its position in shares of Consolidated Edison by 10.2% during the fourth quarter. Northern Trust Corp now owns 4,207,753 shares of the utilities provider's stock worth $375,458,000 after buying an additional 390,708 shares during the period. Institutional investors own 66.29% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ED. Guggenheim increased their price objective on shares of Consolidated Edison from $96.00 to $103.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Citigroup increased their price objective 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. Morgan Stanley decreased their price objective on shares of Consolidated Edison from $94.00 to $93.00 and set an "underweight" rating for the company in a research report on Thursday, May 22nd. KeyCorp cut shares of Consolidated Edison from a "sector weight" rating to an "underweight" rating and set a $90.00 price target for the company. in a report on Wednesday, May 14th. Finally, Wells Fargo & Company raised their price target 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. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $104.27.

Consolidated Edison Stock Up 1.2%

Consolidated Edison stock traded up $1.27 during midday trading on Friday, hitting $104.65. 6,398,492 shares of the stock were exchanged, compared to its average volume of 2,307,254. Consolidated Edison, Inc. has a 52-week low of $87.28 and a 52-week high of $114.87. The stock has a market capitalization of $37.70 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 3.05 and a beta of 0.29. The business's 50-day moving average price is $107.99 and its 200-day moving average price is $100.12. 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 (NYSE:ED - Get Free Report) last released its quarterly earnings results 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). Consolidated Edison had a return on equity of 8.62% and a net margin of 11.93%. The firm had revenue of $4.80 billion for the quarter, compared to analysts' expectations of $4.21 billion. During the same quarter last year, the firm posted $2.15 earnings per share. On average, research analysts expect that Consolidated Edison, Inc. will post 5.62 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The company 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 dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 3.25%. The ex-dividend date is Wednesday, May 14th. Consolidated Edison's dividend payout ratio (DPR) is presently 62.85%.

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.