Tokio Marine Asset Management Co. Ltd. Sells 1,264 Shares of Consolidated Edison, Inc. (NYSE:ED)

Tokio Marine Asset Management Co. Ltd. decreased its position in Consolidated Edison, Inc. (NYSE:ED – Get Rating) by 16.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,599 shares of the utilities provider’s stock after selling 1,264 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Consolidated Edison were worth $628,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Private Capital Group LLC boosted its position in Consolidated Edison by 327.6% in the second quarter. Private Capital Group LLC now owns 325 shares of the utilities provider’s stock valued at $31,000 after buying an additional 249 shares in the last quarter. San Luis Wealth Advisors LLC acquired a new position in shares of Consolidated Edison in the 1st quarter worth approximately $32,000. Wellington Shields Capital Management LLC bought a new stake in Consolidated Edison during the 1st quarter worth approximately $36,000. Wagner Wealth Management LLC acquired a new stake in Consolidated Edison during the 2nd quarter valued at $41,000. Finally, Capital Analysts LLC increased its holdings in Consolidated Edison by 139.3% during the 1st quarter. Capital Analysts LLC now owns 457 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 266 shares in the last quarter. Institutional investors own 64.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. KeyCorp decreased their target price on Consolidated Edison from $75.00 to $69.00 and set an “underweight” rating on the stock in a report on Thursday, October 20th. Morgan Stanley increased their price objective on shares of Consolidated Edison from $68.00 to $73.00 and gave the stock an “underweight” rating in a report on Friday, November 11th. Royal Bank of Canada boosted their target price on shares of Consolidated Edison from $89.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Monday, October 3rd. Wells Fargo & Company increased their price target on shares of Consolidated Edison from $84.00 to $87.00 and gave the company an “underweight” rating in a research note on Friday, November 4th. Finally, Mizuho dropped their price objective on shares of Consolidated Edison from $99.00 to $91.00 and set a “buy” rating for the company in a research report on Monday, October 3rd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $84.50.

Consolidated Edison Stock Up 1.8 %

Consolidated Edison stock opened at $98.04 on Thursday. Consolidated Edison, Inc. has a fifty-two week low of $77.50 and a fifty-two week high of $102.21. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.83 and a quick ratio of 0.75. The firm has a market capitalization of $34.79 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 10.62 and a beta of 0.31. The company’s 50 day simple moving average is $88.76 and its 200 day simple moving average is $93.62.

Consolidated Edison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 16th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 3.22%. The ex-dividend date is Tuesday, November 15th. Consolidated Edison’s payout ratio is presently 66.25%.

About Consolidated Edison

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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 3.5 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 1,555 customers in parts of Manhattan.