Windle Wealth LLC Purchases 1,096 Shares of Consolidated Edison, Inc. (NYSE:ED)

Windle Wealth LLC increased its position in Consolidated Edison, Inc. (NYSE:ED) by 1.6% during the third quarter, Holdings Channel.com reports. The firm owned 69,125 shares of the utilities provider’s stock after buying an additional 1,096 shares during the quarter. Consolidated Edison accounts for approximately 3.9% of Windle Wealth LLC’s holdings, making the stock its 16th biggest position. Windle Wealth LLC’s holdings in Consolidated Edison were worth $7,198,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Hsbc Holdings PLC raised its position 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 during the last quarter. Dimensional Fund Advisors LP raised its position in Consolidated Edison by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,273,115 shares of the utilities provider’s stock valued at $113,845,000 after buying an additional 125,859 shares during the last quarter. Swiss National Bank raised its position in Consolidated Edison by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,026,500 shares of the utilities provider’s stock valued at $106,889,000 after buying an additional 3,500 shares during the last quarter. Clean Energy Transition LLP raised its position in Consolidated Edison by 227.9% in the 2nd quarter. Clean Energy Transition LLP now owns 897,553 shares of the utilities provider’s stock valued at $80,259,000 after buying an additional 623,787 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in Consolidated Edison by 5.5% in the 2nd quarter. AQR Capital Management LLC now owns 709,713 shares of the utilities provider’s stock valued at $63,413,000 after buying an additional 36,991 shares during the last quarter. 66.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised their target price on Consolidated Edison from $97.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Jefferies Financial Group assumed coverage on Consolidated Edison in a research report on Wednesday, October 9th. They set a “hold” rating and a $108.00 target price for the company. Barclays decreased their target price on Consolidated Edison from $104.00 to $99.00 and set an “underweight” rating for the company in a research report on Friday, November 8th. Bank of America raised their target price on Consolidated Edison from $97.00 to $109.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, UBS Group raised their target price on Consolidated Edison from $105.00 to $106.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Four analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $98.35.

Consolidated Edison Stock Up 0.0 %

Shares of NYSE ED opened at $96.45 on Tuesday. Consolidated Edison, Inc. has a 52 week low of $85.85 and a 52 week high of $107.75. The business has a 50-day simple moving average of $102.51 and a two-hundred day simple moving average of $98.05. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 1.07. The company has a market cap of $33.41 billion, a P/E ratio of 18.16, a P/E/G ratio of 3.24 and a beta of 0.36.

Consolidated Edison (NYSE:ED) last issued its earnings results on Thursday, November 7th. The utilities provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.56 by $0.12. Consolidated Edison had a return on equity of 8.70% and a net margin of 12.27%. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.02 billion. Research analysts anticipate that Consolidated Edison, Inc. will post 5.33 earnings per share for the current fiscal year.

Consolidated Edison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 13th will be paid a $0.83 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $3.32 annualized dividend and a yield of 3.44%. Consolidated Edison’s dividend payout ratio 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.