Consolidated Edison Inc (NYSE:ED) is expected to pay $0.67 on Dec 15, 2016. The indicated annual dividend is $2.68. Shareholders owning the stock before Nov 14, 2016 will be eligible to receive the payout. Based on Consolidated Edison Inc’s current price of $70.49, the dividend is 0.95%. This dividend’s record date is Nov 16, 2016 and the announcement date is Oct 21, 2016. The stock decreased 0.28% or $0.2 on November 11, hitting $70.49. About 2.11 million shares traded hands or 19.89% up from the average. Consolidated Edison, Inc. (NYSE:ED) has declined 7.31% since April 12, 2016 and is downtrending. It has underperformed by 12.29% the S&P500.
Consolidated Edison, Inc. is a holding company. The company has a market cap of $21.42 billion. The Firm operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and Con Edison Transmission, Inc. It has a 17.43 P/E ratio. It owns competitive energy businesses.
Insitutional Activity: The institutional sentiment increased to 1.42 in 2016 Q2. Its up 0.12, from 1.3 in 2016Q1. The ratio is positive, as 48 funds sold all Consolidated Edison, Inc. shares owned while 183 reduced positions. 58 funds bought stakes while 269 increased positions. They now own 162.41 million shares or 0.62% more from 161.41 million shares in 2016Q1.
The France-based Credit Agricole S A has invested 0.05% in Consolidated Edison, Inc. (NYSE:ED). The Alabama-based Associated Banc has invested 0.09% in Consolidated Edison, Inc. (NYSE:ED). Bridgeway Mngmt holds 295,100 shares or 0.37% of its portfolio. Geneva Advisors Lc holds 0.01% or 3,690 shares in its portfolio. Moreover, Next Fincl Grp Incorporated Inc has 0.46% invested in Consolidated Edison, Inc. (NYSE:ED) for 18,192 shares. Kbc Nv accumulated 161,673 shares or 0.19% of the stock. Aviance Management Limited Liability Corp, a Florida-based fund reported 106,647 shares. Moreover, Pension has 0.14% invested in Consolidated Edison, Inc. (NYSE:ED) for 200,809 shares. Suntrust Banks Incorporated holds 137,770 shares or 0.07% of its portfolio. Raymond James Tru Na holds 0.2% or 29,245 shares in its portfolio. Brave Asset Mngmt has 0.39% invested in the company for 7,300 shares. The Massachusetts-based Amer Inv has invested 0.5% in Consolidated Edison, Inc. (NYSE:ED). Allianz Asset Mgmt Ag has invested 0.05% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). First Corporation In accumulated 0.11% or 2,418 shares. Cibc World Markets last reported 16,901 shares in the company.
Insider Transactions: Since May 16, 2016, the stock had 55 buys, and 0 selling transactions for $151,592 net activity. $7,775 worth of Consolidated Edison, Inc. (NYSE:ED) was bought by HOGLUND ROBERT N. Another trade for 8 shares valued at $589 was bought by OATES JOSEPH P. Shares for $2,314 were bought by Cawley Timothy on Wednesday, August 31. On Tuesday, May 31 the insider Nadkarni Gurudatta D bought $2,063. Another trade for 47 shares valued at $3,548 was made by Moore Elizabeth D on Friday, September 30. 29 shares with value of $2,237 were bought by Ivey Craig S on Wednesday, August 31. Shukla Saumil P bought $3,473 worth of stock or 46 shares.
Consolidated Edison, Inc. (NYSE:ED) Ratings Coverage
Out of 9 analysts covering Con Edison (NYSE:ED), 2 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 22% are positive. $80 is the highest target while $58 is the lowest. The $71.33 average target is 1.19% above today’s ($70.49) stock price. Con Edison has been the topic of 25 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Citigroup initiated Consolidated Edison, Inc. (NYSE:ED) on Friday, August 12 with “Neutral” rating. The firm earned “Hold” rating on Monday, August 17 by Vetr. The rating was downgraded by Deutsche Bank to “Sell” on Monday, April 18. UBS maintained the stock with “Sell” rating in Friday, August 14 report. UBS maintained it with “Sell” rating and $62 target price in Monday, February 22 report. As per Monday, December 14, the company rating was upgraded by Deutsche Bank. The rating was maintained by Mizuho on Friday, September 18 with “Neutral”. Goldman Sachs maintained Consolidated Edison, Inc. (NYSE:ED) on Wednesday, September 14 with “Sell” rating. The stock of Consolidated Edison, Inc. (NYSE:ED) earned “Buy” rating by Jefferies on Wednesday, September 14. The rating was maintained by Mizuho on Thursday, May 12 with “Neutral”.
More notable recent Consolidated Edison, Inc. (NYSE:ED) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Target, Consolidated Edison and CenterPoint Energy” on November 10, 2016, also Forbes.com with their article: “Consolidated Edison a Top Socially Responsible Dividend Stock With 3.6% Yield (ED)” published on November 08, 2016, Nasdaq.com published: “Consolidated Edison Inc (ED) Ex-Dividend Date Scheduled for November 14, 2016” on November 11, 2016. More interesting news about Consolidated Edison, Inc. (NYSE:ED) were released by: Prnewswire.com and their article: “Smart Grid Solutions Chosen by Consolidated Edison, Inc. for Groundbreaking …” published on October 26, 2016 as well as Forbes.com‘s news article titled: “Consolidated Edison Reaches Analyst Target Price” with publication date: November 01, 2016.
ED Company Profile
Consolidated Edison, Inc. (Con Edison), incorporated on September 3, 1997, is a holding company. The Firm operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and Con Edison Transmission, Inc. The Firm owns competitive energy businesses. Con Edison also owns Con Edison Transmission, Inc. (Con Edison Transmission), which invests in electric and gas transmission projects through its subsidiaries, Consolidated Edison Transmission, LLC (CET Electric) and Con Edison Gas Midstream, LLC (CET Gas).
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