Consolidated Edison, Inc. (NYSE:ED) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Consolidated Edison, Inc. (NYSE:ED - Free Report) by 11.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 667,647 shares of the utilities provider's stock after buying an additional 67,215 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.19% of Consolidated Edison worth $59,574,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Capital Performance Advisors LLP acquired a new stake in shares of Consolidated Edison during the 3rd quarter valued at about $27,000. Ashton Thomas Securities LLC acquired a new stake in Consolidated Edison in the third quarter valued at approximately $30,000. AlphaMark Advisors LLC acquired a new stake in Consolidated Edison in the fourth quarter valued at approximately $27,000. FSA Wealth Management LLC purchased a new stake in shares of Consolidated Edison in the third quarter valued at approximately $55,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Consolidated Edison during the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds own 66.29% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citigroup raised shares of Consolidated Edison from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $103.00 to $116.00 in a report on Tuesday, October 15th. Scotiabank upgraded shares of Consolidated Edison from a "sector underperform" rating to a "sector perform" rating and upped their price target for the stock from $90.00 to $100.00 in a research report on Thursday, December 12th. Barclays lowered their price objective on Consolidated Edison from $99.00 to $92.00 and set an "underweight" rating on the stock in a report on Monday. Evercore ISI cut Consolidated Edison from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st. Finally, Morgan Stanley dropped their price target on Consolidated Edison from $88.00 to $85.00 and set an "underweight" rating for the company in a research report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $100.00.

Consolidated Edison Price Performance

NYSE:ED traded up $1.36 during trading hours on Thursday, hitting $93.93. The company's stock had a trading volume of 2,274,028 shares, compared to its average volume of 2,289,628. The company has a market capitalization of $32.54 billion, a PE ratio of 17.69, a PEG ratio of 2.89 and a beta of 0.38. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.93 and a current ratio of 1.01. The business's 50-day moving average is $92.67 and its two-hundred day moving average is $98.06. Consolidated Edison, Inc. has a 52-week low of $85.85 and a 52-week high of $107.75.

Consolidated Edison (NYSE:ED - Get Free Report) last released 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. Consolidated Edison had a net margin of 12.27% and a return on equity of 8.70%. The business had revenue of $4.09 billion for the quarter, compared to analysts' expectations of $4.02 billion. As a group, research analysts anticipate that Consolidated Edison, Inc. will post 5.35 EPS for the current fiscal year.

Consolidated Edison Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th will be paid a dividend of $0.85 per share. The ex-dividend date is Wednesday, February 19th. This is an increase from Consolidated Edison's previous quarterly dividend of $0.83. This represents a $3.40 annualized dividend and a dividend yield of 3.62%. Consolidated Edison's dividend payout ratio (DPR) is currently 62.52%.

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.