Yousif Capital Management LLC Has $15.09 Million Position in Consolidated Edison, Inc. (NYSE:ED)

Yousif Capital Management LLC raised its position in shares of Consolidated Edison, Inc. (NYSE:ED - Free Report) by 2.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,412 shares of the utilities provider's stock after acquiring an additional 3,827 shares during the period. Yousif Capital Management LLC's holdings in Consolidated Edison were worth $15,086,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of Consolidated Edison by 113.3% during the first quarter. Farther Finance Advisors LLC now owns 8,786 shares of the utilities provider's stock worth $967,000 after acquiring an additional 4,667 shares during the period. Capital Investment Advisors LLC boosted its holdings in shares of Consolidated Edison by 3.6% during the first quarter. Capital Investment Advisors LLC now owns 34,374 shares of the utilities provider's stock worth $3,801,000 after acquiring an additional 1,198 shares during the period. Park Avenue Securities LLC boosted its stake in shares of Consolidated Edison by 16.5% in the first quarter. Park Avenue Securities LLC now owns 26,911 shares of the utilities provider's stock valued at $2,976,000 after buying an additional 3,808 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Consolidated Edison in the first quarter valued at approximately $231,000. Finally, Wedmont Private Capital boosted its stake in shares of Consolidated Edison by 2.3% in the first quarter. Wedmont Private Capital now owns 9,168 shares of the utilities provider's stock valued at $1,007,000 after buying an additional 202 shares during the period. Institutional investors own 66.29% of the company's stock.

Consolidated Edison Price Performance

Shares of NYSE:ED traded up $0.13 during trading on Friday, hitting $103.89. 3,337,346 shares of the company were exchanged, compared to its average volume of 2,301,452. The company has a market capitalization of $37.43 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 3.05 and a beta of 0.27. Consolidated Edison, Inc. has a 1-year low of $87.28 and a 1-year high of $114.87. The business's 50 day moving average is $106.78 and its 200-day moving average is $100.50. 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 posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.25 earnings per share for the quarter, missing analysts' consensus estimates of $2.30 by ($0.05). The company had revenue of $4.80 billion during the quarter, compared to analyst estimates 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 previous year, the company earned $2.15 earnings per share. Equities analysts forecast that Consolidated Edison, Inc. will post 5.62 earnings per share for the current year.

Consolidated Edison Dividend Announcement

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 issued a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $3.40 dividend on an annualized basis and a yield of 3.27%. Consolidated Edison's payout ratio is 62.85%.

Analysts Set New Price Targets

ED has been the subject of several recent research reports. Scotiabank boosted their price target on Consolidated Edison from $100.00 to $101.00 and gave the company a "sector perform" rating in a research note on Monday, February 24th. Guggenheim boosted their price target on Consolidated Edison from $96.00 to $103.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Barclays upped their target price on Consolidated Edison from $100.00 to $101.00 and gave the stock an "underweight" rating in a research note on Monday, May 5th. Citigroup upped their target price on Consolidated Edison from $116.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, April 9th. Finally, Morgan Stanley cut their target price on Consolidated Edison from $94.00 to $93.00 and set an "underweight" rating for the company in a research note on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Consolidated Edison has a consensus 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.