Trade Report: Today: Consolidated Edison Inc. (ED) Stake Maintained by First Personal Financial Services

Today: Consolidated Edison Inc. (ED) Stake Maintained by First Personal Financial Services

First Personal Financial Services continued to hold its stake in shares of Consolidated Edison Inc. (NYSE:ED) during the third quarter, Holdings Channel reports. The institutional investor owned 2,489 shares of the company’s stock at the end of the third quarter. First Personal Financial Services’ holdings in Consolidated Edison were worth $187,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of 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 valued at $199,000 after buying an additional 9 shares in the last quarter. 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 valued at $307,000 after buying an additional 14 shares in the last quarter. 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 valued at $391,000 after buying an additional 16 shares in the last quarter. 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 valued at $412,000 after buying an additional 16 shares in the last quarter. 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 valued at $497,000 after buying an additional 25 shares in the last quarter. 53.11% of the stock is currently owned by institutional investors.

Consolidated Edison Inc. (NYSE:ED) opened at 70.66 on Monday. The firm has a market cap of $21.53 billion and a PE ratio of 17.41. The firm’s 50 day moving average price is $72.36 and its 200-day moving average price is $75.61. Consolidated Edison Inc. has a one year low of $60.30 and a one year high of $81.88.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 16th will be issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Monday, November 14th. Consolidated Edison’s dividend payout ratio is currently 66.34%.

A number of equities analysts recently issued reports on ED shares. Jefferies Group restated a “hold” rating on shares of Consolidated Edison in a report on Monday, August 1st. Evercore ISI upgraded Consolidated Edison from a “sell” rating to a “hold” rating and set a $76.00 price objective for the company in a report on Monday, September 26th. Vetr cut Consolidated Edison from a “buy” rating to a “hold” rating and set a $72.00 price objective for the company. in a report on Tuesday, November 15th. Deutsche Bank AG upgraded Consolidated Edison from a “sell” rating to a “hold” rating and boosted their price objective for the company from $73.17 to $74.00 in a report on Monday, October 24th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Consolidated Edison from a “hold” rating to a “sell” rating in a report on Wednesday, September 21st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price 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).

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