Today Consolidated Edison, Inc. Had High Bullish Options Activity

 Today Consolidated Edison, Inc. Had High Bullish Options Activity

In today’s session Consolidated Edison, Inc. (ED) registered an unusually high (313) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious ED increase. With 313 contracts traded and 1664 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: ED180119C00070000 closed last at: $5.4 or 5.3% down. About 1.31M shares traded hands. Consolidated Edison, Inc. (NYSE:ED) has declined 7.57% since April 13, 2016 and is downtrending. It has underperformed by 11.50% the S&P500.

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. Con Edison has been the topic of 25 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Jefferies upgraded Consolidated Edison, Inc. (NYSE:ED) on Wednesday, September 14 to “Buy” rating. Mizuho initiated the shares of ED in a report on Wednesday, July 29 with “Neutral” rating. The stock of Consolidated Edison, Inc. (NYSE:ED) has “Hold” rating given on Monday, August 17 by Vetr. The stock of Consolidated Edison, Inc. (NYSE:ED) earned “Sell” rating by Deutsche Bank on Monday, April 18. Deutsche Bank upgraded the stock to “Hold” rating in Monday, December 14 report. Argus Research downgraded the shares of ED in a report on Friday, August 28 to “Buy” rating. On Friday, September 18 the stock rating was maintained by Mizuho with “Neutral”. The stock of Consolidated Edison, Inc. (NYSE:ED) has “Neutral” rating given on Friday, August 12 by Citigroup. The firm earned “Sell” rating on Friday, August 14 by UBS. The stock of Consolidated Edison, Inc. (NYSE:ED) has “Sell” rating given on Monday, October 19 by Goldman Sachs.

According to Zacks Investment Research, “Consolidated Edison, Inc. is one of the nation’s largest investor-owned energy companies. The company provides a wide range of energy- related products and services to its customers through regulated utility subsidiaries and competitive energy and telecommunications businesses.”

Insitutional Activity: The institutional sentiment increased to 1.42 in 2016 Q2. Its up 0.12, from 1.3 in 2016Q1. The ratio increased, 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.
Moreover, Tru Of Vermont has 0.07% invested in Consolidated Edison, Inc. (NYSE:ED) for 7,006 shares. Delta Lloyd Nv accumulated 0.05% or 17,747 shares. Ftb Advisors Inc owns 711 shares or 0.01% of their US portfolio. City last reported 16,832 shares in the company. Toronto Dominion National Bank owns 2,414 shares or 0% of their US portfolio. Rhumbline Advisers holds 456,646 shares or 0.11% of its portfolio. Ashfield Capital Prtn Ltd Limited Liability Company has 10,955 shares for 0.07% of their US portfolio. Everence has 9,561 shares for 0.24% of their US portfolio. Tower Cap Limited Liability Com (Trc) has 0% invested in the company for 219 shares. Aviance Capital Prtn Limited Liability Company last reported 4,522 shares in the company. Wedgewood Investors Pa accumulated 2,950 shares or 0.23% of the stock. The New York-based Kings Point Capital Mgmt has invested 0.05% in Consolidated Edison, Inc. (NYSE:ED). Spot Trading Ltd Liability Corporation has 0.04% invested in the company for 27,360 shares. Whittier Tru Company Of Nevada Inc last reported 2,329 shares in the company. Swiss Bancorp has 1.94M shares for 0.25% of their US portfolio.

Insider Transactions: Since May 16, 2016, the stock had 55 buys, and 0 selling transactions for $151,592 net activity. Muccilo Robert also bought $6,039 worth of Consolidated Edison, Inc. (NYSE:ED) shares. On Friday, September 30 the insider OATES JOSEPH P bought $1,736. 31 shares with value of $2,284 were bought by Cawley Timothy on Tuesday, May 31. McAvoy John also bought $2,334 worth of Consolidated Edison, Inc. (NYSE:ED) on Monday, October 31. The insider HOGLUND ROBERT N bought $7,775. On Sunday, July 31 Moore Elizabeth D bought $2,244 worth of the stock or 28 shares. The insider Ivey Craig S bought 29 shares worth $2,237.

Consolidated Edison, Inc. is a holding company. The company has a market cap of $21.21 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 17.44 P/E ratio. It owns competitive energy businesses.

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).

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, Prnewswire.com published: “Smart Grid Solutions Chosen by Consolidated Edison, Inc. for Groundbreaking …” on October 26, 2016. More interesting news about Consolidated Edison, Inc. (NYSE:ED) were released by: Nasdaq.com and their article: “Consolidated Edison Inc (ED) Ex-Dividend Date Scheduled for November 14, 2016” published on November 11, 2016 as well as Forbes.com‘s news article titled: “Consolidated Edison Reaches Analyst Target Price” with publication date: November 01, 2016.

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