Public Employees Retirement System of Ohio Has $15.45 Million Holdings in Consolidated Edison, Inc. (NYSE:ED)

Public Employees Retirement System of Ohio trimmed its position in shares of Consolidated Edison, Inc. (NYSE:ED - Free Report) by 12.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,384 shares of the utilities provider's stock after selling 20,424 shares during the period. Public Employees Retirement System of Ohio's holdings in Consolidated Edison were worth $15,451,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its holdings in Consolidated Edison by 1.7% in the 3rd quarter. State Street Corp now owns 23,429,218 shares of the utilities provider's stock valued at $2,439,684,000 after buying an additional 399,034 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Consolidated Edison by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,148,666 shares of the utilities provider's stock worth $223,741,000 after buying an additional 28,254 shares during the period. Hsbc Holdings PLC boosted its stake in Consolidated Edison by 0.8% in the 2nd quarter. Hsbc Holdings PLC now owns 1,502,523 shares of the utilities provider's stock valued at $134,323,000 after buying an additional 11,785 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Consolidated Edison by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,273,115 shares of the utilities provider's stock valued at $113,845,000 after acquiring an additional 125,859 shares during the period. Finally, FMR LLC raised its stake in Consolidated Edison by 82.3% during the third quarter. FMR LLC now owns 1,268,424 shares of the utilities provider's stock worth $132,081,000 after acquiring an additional 572,530 shares in the last quarter. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Edison Trading Down 2.0 %

Shares of Consolidated Edison stock traded down $1.94 during trading on Wednesday, reaching $92.75. 2,330,998 shares of the company were exchanged, compared to its average volume of 1,895,344. The business has a 50-day moving average price of $100.69 and a 200-day moving average price of $98.23. The firm has a market capitalization of $32.13 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 3.18 and a beta of 0.36. 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 $85.85 and a twelve month high of $107.75.

Consolidated Edison (NYSE:ED - Get Free Report) last posted its earnings results on Thursday, November 7th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.12. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.02 billion. Consolidated Edison had a return on equity of 8.70% and a net margin of 12.27%. Sell-side analysts anticipate that Consolidated Edison, Inc. will post 5.34 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 3.58%. The ex-dividend date is Wednesday, November 13th. Consolidated Edison's payout ratio is presently 62.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Consolidated Edison in a research note on Wednesday, October 9th. They issued a "hold" rating and a $108.00 target price on the stock. Evercore ISI upgraded shares of Consolidated Edison from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 8th. Citigroup raised shares of Consolidated Edison from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $103.00 to $116.00 in a research note on Tuesday, October 15th. Morgan Stanley cut their target price on shares of Consolidated Edison from $88.00 to $85.00 and set an "underweight" rating for the company in a research note on Friday, November 22nd. Finally, Barclays decreased their price target on Consolidated Edison from $104.00 to $99.00 and set an "underweight" rating on the stock in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Consolidated Edison has an average rating of "Hold" and a consensus target price of $99.13.

About Consolidated Edison

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.