308,430 Shares in Consolidated Edison Inc $ED Bought by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Consolidated Edison Inc (NYSE:ED) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 308,430 shares of the utilities provider’s stock, valued at approximately $34,908,000.

Several other institutional investors and hedge funds have also bought and sold shares of ED. W.G. Shaheen & Associates DBA Whitney & Co grew its stake in shares of Consolidated Edison by 13.8% during the 1st quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 3,296 shares of the utilities provider’s stock valued at $373,000 after purchasing an additional 400 shares during the period. Wealthfront Advisers LLC boosted its holdings in shares of Consolidated Edison by 5.7% in the first quarter. Wealthfront Advisers LLC now owns 150,994 shares of the utilities provider’s stock worth $17,090,000 after buying an additional 8,208 shares during the last quarter. D.A. Davidson & CO. grew its position in Consolidated Edison by 0.7% during the first quarter. D.A. Davidson & CO. now owns 20,887 shares of the utilities provider’s stock valued at $2,364,000 after buying an additional 145 shares during the period. MASTERINVEST Kapitalanlage GmbH bought a new stake in Consolidated Edison during the first quarter valued at approximately $218,000. Finally, Checchi Capital Advisers LLC increased its holdings in Consolidated Edison by 15.6% during the first quarter. Checchi Capital Advisers LLC now owns 5,723 shares of the utilities provider’s stock valued at $648,000 after buying an additional 772 shares during the last quarter. 66.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ED shares. Evercore set a $116.00 price target on shares of Consolidated Edison in a research report on Monday, May 11th. Wells Fargo & Company set a $98.00 price objective on shares of Consolidated Edison in a research report on Tuesday, April 21st. Barclays reduced their price objective on Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating for the company in a research note on Monday, May 11th. Weiss Ratings raised Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Finally, Argus set a $112.00 target price on Consolidated Edison in a report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $108.07.

Consolidated Edison Stock Up 1.7%

ED opened at $112.21 on Friday. The stock has a market cap of $41.35 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 2.80 and a beta of 0.27. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19. The firm’s fifty day moving average is $108.37 and its 200 day moving average is $108.56. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $116.23.

About Consolidated Edison

Consolidated Edison, Inc, commonly known as Con Edison, is an investor-owned energy company that primarily delivers electricity, natural gas and steam to customers in the New York metropolitan area. Its regulated utility operations include the distribution and transmission of electric power, the distribution of natural gas, and the operation of one of the largest district steam systems in the United States, serving commercial, institutional and residential customers in New York City and nearby counties.

The company operates through regulated utility subsidiaries that serve urban and suburban service territories, together with non-utility businesses that develop, own and manage energy infrastructure and clean energy projects.