Today: Sigma Planning Corp Buys 114 Shares of Consolidated Edison Inc. (ED)

Today: Sigma Planning Corp Buys 114 Shares of Consolidated Edison Inc. (ED)

Sigma Planning Corp boosted its position in Consolidated Edison Inc. (NYSE:ED) by 1.1% during the third quarter, Holdings Channel reports. The firm owned 10,469 shares of the company’s stock after buying an additional 114 shares during the period. Sigma Planning Corp’s holdings in Consolidated Edison were worth $788,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Advisory Services Network LLC increased its stake in shares of 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 increased its stake in shares of 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 increased its stake in shares of 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 increased its stake in shares of 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 increased its stake in shares of 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 and hedge funds own 53.11% of the company’s stock.

Consolidated Edison Inc. (NYSE:ED) opened at 70.66 on Monday. Consolidated Edison Inc. has a 52-week low of $60.30 and a 52-week high of $81.88. The stock’s 50 day moving average is $72.36 and its 200-day moving average is $75.61. The firm has a market capitalization of $21.53 billion and a PE ratio of 17.41.

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

Several research firms recently issued reports on ED. Mizuho raised their target price on shares of Consolidated Edison from $72.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, August 8th. Barclays PLC decreased their target price on shares of Consolidated Edison from $80.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 21st. Jefferies Group raised shares of Consolidated Edison from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Wednesday, September 14th. Vetr cut shares of Consolidated Edison from a “buy” rating to a “hold” rating and set a $78.00 target price on the stock. in a research report 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 target price on the stock in a research report on Monday, September 26th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $74.36.

About Consolidated Edison

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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