Consolidated Edison, Inc. (NYSE:ED) Holdings Lifted by APG Asset Management N.V.

APG Asset Management N.V. increased its stake in shares of Consolidated Edison, Inc. (NYSE:ED - Free Report) by 53.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 557,379 shares of the utilities provider's stock after purchasing an additional 194,901 shares during the quarter. APG Asset Management N.V. owned approximately 0.16% of Consolidated Edison worth $48,030,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ED. AlphaMark Advisors LLC purchased a new stake in shares of Consolidated Edison in the fourth quarter valued at $27,000. OFI Invest Asset Management purchased a new stake in Consolidated Edison in the 4th quarter valued at about $35,000. Fairway Wealth LLC acquired a new position in shares of Consolidated Edison during the 4th quarter valued at about $36,000. Centricity Wealth Management LLC purchased a new position in shares of Consolidated Edison during the 4th quarter worth about $39,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Consolidated Edison in the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 66.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ED. Barclays upped their price target on shares of Consolidated Edison from $92.00 to $95.00 and gave the stock an "underweight" rating in a research report on Monday, February 24th. UBS Group lifted their target price on Consolidated Edison from $110.00 to $113.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Evercore ISI lowered Consolidated Edison from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st. Citigroup lifted their price objective on Consolidated Edison from $116.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. Finally, Mizuho increased their target price on shares of Consolidated Edison from $92.00 to $95.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $102.80.

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Consolidated Edison Stock Up 1.6 %

Shares of NYSE ED traded up $1.75 during trading on Monday, reaching $111.59. 550,495 shares of the stock were exchanged, compared to its average volume of 2,851,686. The company has a market capitalization of $40.19 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 3.05 and a beta of 0.27. The business's 50-day moving average price is $103.19 and its 200 day moving average price is $98.91. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 1.07. Consolidated Edison, Inc. has a twelve month low of $87.28 and a twelve month high of $114.87.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.01. The firm had revenue of $3.67 billion for 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%. As a group, equities analysts forecast that Consolidated Edison, Inc. will post 5.62 EPS for the current fiscal year.

Consolidated Edison Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were issued a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from Consolidated Edison's previous quarterly dividend of $0.83. This represents a $3.40 annualized dividend and a yield of 3.05%. Consolidated Edison's dividend payout ratio is currently 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.