Today, Parsons Capital Management Inc. RI Reached $1,009,000 position of Consolidated Edison Inc. (ED)

Today, Parsons Capital Management Inc. RI Reached $1,009,000 position  of Consolidated Edison Inc. (ED)
Parsons Capital Management Inc. RI held its stake in shares of Consolidated Edison Inc. (NYSE:ED) during the third quarter, Holdings Channel reports. The institutional investor owned 13,401 shares of the company’s stock at the end of the third quarter. Parsons Capital Management Inc. RI’s holdings in Consolidated Edison were worth $1,009,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Advisory Services Network LLC boosted its position in Consolidated Edison by 0.4% in the second quarter. Advisory Services Network LLC now owns 2,479 shares of the company’s stock worth $199,000 after buying an additional 9 shares during the period. Round Table Services LLC boosted its position in Consolidated Edison by 0.4% in the second quarter. Round Table Services LLC now owns 3,814 shares of the company’s stock worth $307,000 after buying an additional 14 shares during the period. Carnegie Capital Asset Management LLC boosted its position in Consolidated Edison by 0.3% in the second quarter. Carnegie Capital Asset Management LLC now owns 4,916 shares of the company’s stock worth $391,000 after buying an additional 16 shares during the period. Financial Architects Inc boosted its position in Consolidated Edison by 0.3% in the third quarter. Financial Architects Inc now owns 5,471 shares of the company’s stock worth $412,000 after buying an additional 16 shares during the period. Finally, Forte Capital LLC ADV boosted its position in Consolidated Edison by 0.4% in the third quarter. Forte Capital LLC ADV now owns 6,600 shares of the company’s stock worth $497,000 after buying an additional 25 shares during the period. Institutional investors own 54.49% of the company’s stock.

Shares of Consolidated Edison Inc. (NYSE:ED) traded up 1.78% during trading on Friday, hitting $70.79. 275,464 shares of the company traded hands. The stock has a market capitalization of $21.57 billion and a PE ratio of 17.44. Consolidated Edison Inc. has a 52-week low of $60.30 and a 52-week high of $81.88. The company has a 50-day moving average of $72.41 and a 200-day moving average of $75.63.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 16th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Monday, November 14th. Consolidated Edison’s dividend payout ratio is currently 66.34%.

A number of research analysts have recently commented on the stock. Mizuho upped their price target on shares of Consolidated Edison from $72.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. Barclays PLC lowered their price objective on shares of Consolidated Edison from $80.00 to $77.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 21st. Jefferies Group raised shares of Consolidated Edison from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Wednesday, September 14th. Vetr lowered shares of Consolidated Edison from a “buy” rating to a “hold” rating and set a $78.00 price objective for the company. in a research note on Tuesday, November 8th. Finally, Evercore ISI raised shares of Consolidated Edison from a “sell” rating to a “hold” rating and set a $76.00 price objective for the company in a research note on Monday, September 26th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $74.36.

Consolidated Edison Company Profile

Consolidated Edison, Inc (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc (CECONY), Orange and Rockland Utilities, Inc (O&R) and Con Edison Transmission, Inc It owns competitive energy businesses. The Company also owns Con Edison Transmission, Inc (Con Edison Transmission), which invests in electric and gas transmission projects through its subsidiaries, Consolidated Edison Transmission, LLC (CET Electric) and Con Edison Gas Midstream, LLC (CET Gas).

Related posts

Leave a Comment