Consolidated Edison, Inc. (ED) Holdings Boosted by Chicago Equity Partners LLC

Chicago Equity Partners LLC grew its holdings in shares of Consolidated Edison, Inc. (NYSE:ED) by 15.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,360 shares of the utilities provider’s stock after purchasing an additional 590 shares during the period. Chicago Equity Partners LLC’s holdings in Consolidated Edison were worth $333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. NewSquare Capital LLC increased its position in Consolidated Edison by 1.2% during the 4th quarter. NewSquare Capital LLC now owns 13,671 shares of the utilities provider’s stock worth $1,045,000 after purchasing an additional 168 shares during the period. DNB Asset Management AS increased its position in Consolidated Edison by 0.4% during the 4th quarter. DNB Asset Management AS now owns 47,586 shares of the utilities provider’s stock worth $3,638,000 after purchasing an additional 175 shares during the period. V Wealth Advisors LLC increased its position in Consolidated Edison by 4.9% during the 4th quarter. V Wealth Advisors LLC now owns 4,250 shares of the utilities provider’s stock worth $327,000 after purchasing an additional 200 shares during the period. Reilly Financial Advisors LLC increased its position in Consolidated Edison by 6.3% during the 4th quarter. Reilly Financial Advisors LLC now owns 3,356 shares of the utilities provider’s stock worth $257,000 after purchasing an additional 200 shares during the period. Finally, Round Table Services LLC increased its position in Consolidated Edison by 3.0% during the 4th quarter. Round Table Services LLC now owns 7,151 shares of the utilities provider’s stock worth $547,000 after purchasing an additional 209 shares during the period. Institutional investors own 59.66% of the company’s stock.

Get Consolidated Edison alerts:

ED opened at $79.01 on Thursday. The company has a market capitalization of $24.45 billion, a P/E ratio of 19.32, a PEG ratio of 6.06 and a beta of 0.12. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.56 and a current ratio of 0.62. Consolidated Edison, Inc. has a 1-year low of $71.12 and a 1-year high of $84.32.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Wednesday, February 13th will be issued a $0.74 dividend. The ex-dividend date of this dividend is Tuesday, February 12th. This represents a $2.96 dividend on an annualized basis and a dividend yield of 3.75%. This is a boost from Consolidated Edison’s previous quarterly dividend of $0.72. Consolidated Edison’s dividend payout ratio is currently 72.37%.

A number of research firms recently weighed in on ED. Goldman Sachs Group upgraded Consolidated Edison from a “sell” rating to a “neutral” rating and upped their price target for the stock from $72.00 to $73.00 in a report on Monday, November 5th. ValuEngine cut Consolidated Edison from a “buy” rating to a “hold” rating in a report on Wednesday, January 9th. Morgan Stanley upped their price target on Consolidated Edison from $78.00 to $81.00 and gave the stock an “underweight” rating in a report on Tuesday, February 12th. Zacks Investment Research cut Consolidated Edison from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Finally, Bank of America cut Consolidated Edison from a “buy” rating to a “neutral” rating in a report on Friday, January 18th. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Consolidated Edison has a consensus rating of “Hold” and an average target price of $76.64.

ILLEGAL ACTIVITY WARNING: This piece of content was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at www.tickerreport.com/banking-finance/4167620/consolidated-edison-inc-ed-holdings-boosted-by-chicago-equity-partners-llc.html.

About Consolidated Edison

Consolidated Edison, Inc, through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.4 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 1,600 customers in parts of Manhattan.

Read More: Net Asset Value

Want to see what other hedge funds are holding ED? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Consolidated Edison, Inc. (NYSE:ED).

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

Leave a Reply

Your email address will not be published. Required fields are marked *