Haverford Trust Co Has $372,000 Position in Consolidated Edison, Inc. (NYSE:ED)

Haverford Trust Co lifted its holdings in Consolidated Edison, Inc. (NYSE:ED) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,577 shares of the utilities provider’s stock after purchasing an additional 170 shares during the quarter. Haverford Trust Co’s holdings in Consolidated Edison were worth $372,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ED. Aigen Investment Management LP boosted its holdings in shares of Consolidated Edison by 135.8% in the third quarter. Aigen Investment Management LP now owns 41,881 shares of the utilities provider’s stock valued at $4,361,000 after buying an additional 24,118 shares during the period. Prime Capital Investment Advisors LLC increased its position in shares of Consolidated Edison by 11.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 3,615 shares of the utilities provider’s stock worth $376,000 after purchasing an additional 365 shares during the last quarter. Entropy Technologies LP raised its stake in shares of Consolidated Edison by 17.2% during the 3rd quarter. Entropy Technologies LP now owns 64,470 shares of the utilities provider’s stock worth $6,713,000 after purchasing an additional 9,468 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Consolidated Edison in the 3rd quarter valued at approximately $30,000. Finally, Los Angeles Capital Management LLC grew its stake in shares of Consolidated Edison by 5.2% in the third quarter. Los Angeles Capital Management LLC now owns 272,310 shares of the utilities provider’s stock valued at $28,356,000 after buying an additional 13,342 shares in the last quarter. 66.29% of the stock is owned by institutional investors.

Consolidated Edison Price Performance

Consolidated Edison stock opened at $95.25 on Friday. The stock’s fifty day moving average price is $102.99 and its two-hundred day moving average price is $98.00. The firm has a market cap of $33.00 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 3.26 and a beta of 0.36. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.01 and a quick ratio of 0.93. Consolidated Edison, Inc. has a one year low of $85.85 and a one year high of $107.75.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.12. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.02 billion. Consolidated Edison had a return on equity of 8.70% and a net margin of 12.27%. As a group, research analysts expect that Consolidated Edison, Inc. will post 5.33 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 3.49%. The ex-dividend date is Wednesday, November 13th. Consolidated Edison’s payout ratio is presently 62.52%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company lifted their price objective on shares of Consolidated Edison from $97.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Jefferies Financial Group initiated coverage on Consolidated Edison in a research report on Wednesday, October 9th. They issued a “hold” rating and a $108.00 price objective for the company. Bank of America increased their price target on Consolidated Edison from $97.00 to $109.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Citigroup upgraded shares of Consolidated Edison from a “neutral” rating to a “buy” rating and upped their price objective for the company from $103.00 to $116.00 in a report on Tuesday, October 15th. Finally, Morgan Stanley raised their target price on shares of Consolidated Edison from $82.00 to $87.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 25th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Consolidated Edison presently has an average rating of “Hold” and an average price target of $98.35.

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.