Barclays PLC Sells 182,273 Shares of Consolidated Edison, Inc. (NYSE:ED)

Barclays PLC cut its position in Consolidated Edison, Inc. (NYSE:ED - Free Report) by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,049,651 shares of the utilities provider's stock after selling 182,273 shares during the quarter. Barclays PLC owned about 0.30% of Consolidated Edison worth $93,661,000 at the end of the most recent reporting period.

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

Consolidated Edison Stock Up 0.4 %

Consolidated Edison stock traded up $0.50 during trading hours on Friday, hitting $111.94. 2,055,237 shares of the stock traded hands, compared to its average volume of 2,217,115. The company has a market cap of $40.32 billion, a PE ratio of 21.36, a PEG ratio of 3.05 and a beta of 0.27. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 1.07. Consolidated Edison, Inc. has a one year low of $87.28 and a one year high of $114.87. The firm's 50-day moving average price is $104.76 and its two-hundred day moving average price is $99.24.

Consolidated Edison (NYSE:ED - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.01. Consolidated Edison had a return on equity of 8.62% and a net margin of 11.93%. The business had revenue of $3.67 billion during the quarter, compared to analysts' expectations of $3.63 billion. On average, research analysts forecast that Consolidated Edison, Inc. will post 5.62 EPS for the current year.

Consolidated Edison Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Wednesday, May 14th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.04%. Consolidated Edison's payout ratio is currently 64.89%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ED shares. Citigroup boosted their target price on Consolidated Edison from $116.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Mizuho raised their target price on shares of Consolidated Edison from $92.00 to $95.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Barclays increased their price target on shares of Consolidated Edison from $92.00 to $95.00 and gave the stock an "underweight" rating in a report on Monday, February 24th. Scotiabank increased their target price on Consolidated Edison from $100.00 to $101.00 and gave the company a "sector perform" rating in a research note on Monday, February 24th. Finally, UBS Group lifted their price target on Consolidated Edison from $110.00 to $113.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $102.80.

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.