Consolidated Edison, Inc. (NYSE:ED) Stock Holdings Increased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its stake in shares of Consolidated Edison, Inc. (NYSE:ED) by 10.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,454 shares of the utilities provider’s stock after purchasing an additional 590 shares during the period. Coldstream Capital Management Inc.’s holdings in Consolidated Edison were worth $576,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Barclays PLC lifted its holdings in shares of Consolidated Edison by 30.1% during the 3rd quarter. Barclays PLC now owns 1,231,924 shares of the utilities provider’s stock valued at $128,279,000 after buying an additional 285,115 shares during the last quarter. World Investment Advisors LLC bought a new position in Consolidated Edison during the third quarter valued at approximately $453,000. Sfmg LLC acquired a new stake in Consolidated Edison in the third quarter valued at approximately $208,000. Wilmington Savings Fund Society FSB bought a new stake in Consolidated Edison in the third quarter worth approximately $776,000. Finally, Tidal Investments LLC increased its stake in shares of Consolidated Edison by 4.5% during the 3rd quarter. Tidal Investments LLC now owns 6,437 shares of the utilities provider’s stock worth $670,000 after purchasing an additional 276 shares during the last quarter. Institutional investors and hedge funds own 66.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ED. UBS Group lifted their price objective on shares of Consolidated Edison from $110.00 to $113.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Mizuho boosted their price target on Consolidated Edison from $92.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Evercore ISI lowered Consolidated Edison from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Scotiabank boosted their target price on Consolidated Edison from $100.00 to $101.00 and gave the stock a “sector perform” rating in a report on Monday, February 24th. Finally, Citigroup increased their price target on Consolidated Edison from $116.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $103.60.

Consolidated Edison Stock Up 1.0 %

ED opened at $112.19 on Wednesday. The firm has a market cap of $40.41 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 3.05 and a beta of 0.27. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.93 and a current ratio of 1.01. The firm’s 50-day simple moving average is $107.07 and its 200-day simple moving average is $99.66. Consolidated Edison, Inc. has a twelve month low of $87.28 and a twelve month high of $114.87.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.01. The company had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.63 billion. Consolidated Edison had a net margin of 11.93% and a return on equity of 8.62%. Equities research analysts anticipate that Consolidated Edison, Inc. will post 5.62 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 dividend yield of 3.03%. The ex-dividend date is Wednesday, May 14th. Consolidated Edison’s payout ratio is presently 64.89%.

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.