Consolidated Edison, Inc. (NYSE:ED) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its position in shares of Consolidated Edison, Inc. (NYSE:ED - Free Report) by 7.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,322 shares of the utilities provider's stock after acquiring an additional 11,419 shares during the period. Natixis Advisors LLC's holdings in Consolidated Edison were worth $17,840,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ED. Retirement Planning Co of New England Inc. increased its position in shares of Consolidated Edison by 4.2% during the second quarter. Retirement Planning Co of New England Inc. now owns 2,501 shares of the utilities provider's stock worth $224,000 after acquiring an additional 100 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in Consolidated Edison by 13.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 868 shares of the utilities provider's stock worth $78,000 after purchasing an additional 100 shares during the period. Brookstone Capital Management increased its holdings in Consolidated Edison by 0.6% during the 3rd quarter. Brookstone Capital Management now owns 24,173 shares of the utilities provider's stock worth $2,517,000 after purchasing an additional 136 shares during the period. Checchi Capital Advisers LLC raised its position in Consolidated Edison by 2.6% in the 2nd quarter. Checchi Capital Advisers LLC now owns 5,627 shares of the utilities provider's stock valued at $503,000 after purchasing an additional 141 shares in the last quarter. Finally, Center For Asset Management LLC boosted its stake in shares of Consolidated Edison by 3.5% in the 2nd quarter. Center For Asset Management LLC now owns 4,358 shares of the utilities provider's stock valued at $390,000 after buying an additional 147 shares during the period. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Edison Stock Performance

Shares of ED stock traded up $0.48 during trading hours on Wednesday, hitting $97.45. The stock had a trading volume of 577,308 shares, compared to its average volume of 1,864,576. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.01 and a quick ratio of 0.93. The firm has a market capitalization of $33.76 billion, a PE ratio of 18.26, a PEG ratio of 3.24 and a beta of 0.36. The stock's 50 day moving average is $102.35 and its 200 day moving average is $98.06. Consolidated Edison, Inc. has a twelve month low of $85.85 and a twelve month high of $107.75.

Consolidated Edison (NYSE:ED - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.68 EPS for the quarter, beating the consensus estimate of $1.56 by $0.12. Consolidated Edison had a net margin of 12.27% and a return on equity of 8.70%. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.02 billion. As a group, research analysts forecast that Consolidated Edison, Inc. will post 5.33 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Wednesday, November 13th. Consolidated Edison's dividend payout ratio is currently 62.52%.

Analyst Upgrades and Downgrades

ED has been the topic of a number of recent research reports. Morgan Stanley upped their target price on shares of Consolidated Edison from $82.00 to $87.00 and gave the stock an "underweight" rating in a research note on Wednesday, September 25th. Evercore ISI raised shares of Consolidated Edison from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 8th. Guggenheim increased their target price on Consolidated Edison from $88.00 to $91.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Barclays decreased their price target on Consolidated Edison from $104.00 to $99.00 and set an "underweight" rating for the company in a report on Friday, November 8th. Finally, Wells Fargo & Company increased their price objective on Consolidated Edison from $97.00 to $105.00 and gave the company an "equal weight" rating in a report on Friday, August 2nd. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $98.35.

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.