Consolidated Edison, Inc. (NYSE:ED) Stock Holdings Boosted by Yaupon Capital Management LP

Yaupon Capital Management LP raised its position in Consolidated Edison, Inc. (NYSE:ED - Free Report) by 457.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 625,000 shares of the utilities provider's stock after purchasing an additional 512,784 shares during the quarter. Consolidated Edison comprises 2.3% of Yaupon Capital Management LP's investment portfolio, making the stock its 3rd biggest position. Yaupon Capital Management LP owned 0.18% of Consolidated Edison worth $55,769,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. AlphaMark Advisors LLC acquired a new position in Consolidated Edison in the fourth quarter valued at about $27,000. OFI Invest Asset Management acquired a new stake in shares of Consolidated Edison during the fourth quarter valued at about $35,000. Fairway Wealth LLC purchased a new stake in shares of Consolidated Edison in the 4th quarter valued at approximately $36,000. Centricity Wealth Management LLC acquired a new position in shares of 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 worth approximately $44,000. Hedge funds and other institutional investors own 66.29% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on ED shares. Barclays boosted their target price on Consolidated Edison from $95.00 to $100.00 and gave the company an "underweight" rating in a research report on Tuesday. Evercore ISI downgraded Consolidated Edison from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st. Morgan Stanley set a $94.00 target price on Consolidated Edison and gave the stock an "overweight" rating in a research note on Wednesday. Citigroup lifted their target price on Consolidated Edison from $116.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, April 9th. Finally, UBS Group increased their price target on shares of Consolidated Edison from $110.00 to $113.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $103.60.

Consolidated Edison Stock Down 0.8 %

Shares of NYSE:ED traded down $0.87 during trading hours on Friday, reaching $110.42. The stock had a trading volume of 2,820,721 shares, compared to its average volume of 2,202,005. The stock has a market capitalization of $39.77 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 3.05 and a beta of 0.27. The firm's 50 day moving average is $106.12 and its 200-day moving average is $99.48. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.93 and a current ratio of 1.01. Consolidated Edison, Inc. has a 1 year low of $87.28 and a 1 year high of $114.87.

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

Consolidated Edison Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, May 14th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Wednesday, May 14th. Consolidated Edison's dividend payout ratio (DPR) is 64.89%.

Consolidated Edison Company 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.