Consolidated Edison, Inc. (ED) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd decreased its stake in shares of Consolidated Edison, Inc. (NYSE:ED) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,344 shares of the utilities provider’s stock after selling 7,800 shares during the period. USS Investment Management Ltd’s holdings in Consolidated Edison were worth $6,912,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Janus Henderson Group PLC increased its holdings in Consolidated Edison by 6,358.2% during the second quarter. Janus Henderson Group PLC now owns 2,300,677 shares of the utilities provider’s stock valued at $185,940,000 after buying an additional 2,265,053 shares during the last quarter. APG Asset Management N.V. increased its holdings in Consolidated Edison by 38.2% during the third quarter. APG Asset Management N.V. now owns 4,055,555 shares of the utilities provider’s stock valued at $327,202,000 after buying an additional 1,121,200 shares during the last quarter. Vanguard Group Inc. increased its holdings in Consolidated Edison by 2.4% during the second quarter. Vanguard Group Inc. now owns 21,821,324 shares of the utilities provider’s stock valued at $1,763,600,000 after buying an additional 516,860 shares during the last quarter. Balyasny Asset Management LLC increased its holdings in Consolidated Edison by 5,924.7% during the second quarter. Balyasny Asset Management LLC now owns 523,427 shares of the utilities provider’s stock valued at $42,303,000 after buying an additional 514,739 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in Consolidated Edison by 61.9% during the second quarter. Parametric Portfolio Associates LLC now owns 1,068,461 shares of the utilities provider’s stock valued at $86,353,000 after buying an additional 408,446 shares during the last quarter. Institutional investors own 55.50% of the company’s stock.

Shares of Consolidated Edison, Inc. (ED) opened at $79.02 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.79 and a quick ratio of 0.70. The stock has a market cap of $24,647.37, a price-to-earnings ratio of 19.76, a PEG ratio of 9.32 and a beta of 0.10. Consolidated Edison, Inc. has a 52 week low of $72.13 and a 52 week high of $89.70.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.07). The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Consolidated Edison had a return on equity of 8.42% and a net margin of 10.42%. During the same period last year, the company earned $1.51 earnings per share. research analysts anticipate that Consolidated Edison, Inc. will post 4.1 EPS for the current year.

A number of analysts have commented on the stock. Evercore ISI cut shares of Consolidated Edison from an “in-line” rating to an “underperform” rating and set a $74.00 target price for the company. in a report on Tuesday, September 26th. JPMorgan Chase & Co. assumed coverage on shares of Consolidated Edison in a report on Friday, January 12th. They set an “underweight” rating and a $78.00 target price for the company. Zacks Investment Research raised shares of Consolidated Edison from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Monday, October 2nd. ValuEngine raised shares of Consolidated Edison from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Guggenheim reaffirmed a “hold” rating and set a $88.00 target price on shares of Consolidated Edison in a report on Wednesday, January 3rd. Six analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $80.71.

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Consolidated Edison Profile

Consolidated Edison, Inc (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc (CECONY), Orange and Rockland Utilities, Inc (O&R), Con Edison Clean Energy Businesses, Inc (the Clean Energy Businesses) and Con Edison Transmission, Inc (Con Edison Transmission).

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Institutional Ownership by Quarter for Consolidated Edison (NYSE:ED)

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