Rothschild Investment LLC Boosts Holdings in Consolidated Edison, Inc. (NYSE:ED)

Rothschild Investment LLC increased its holdings in shares of Consolidated Edison, Inc. (NYSE:ED) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,763 shares of the utilities provider’s stock after purchasing an additional 154 shares during the period. Rothschild Investment LLC’s holdings in Consolidated Edison were worth $2,567,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ED. Capital Performance Advisors LLP acquired a new position in Consolidated Edison in the third quarter valued at $27,000. Ashton Thomas Securities LLC purchased a new stake in shares of Consolidated Edison in the third quarter worth about $30,000. AlphaMark Advisors LLC purchased a new position in Consolidated Edison in the fourth quarter valued at about $27,000. Centricity Wealth Management LLC purchased a new position in Consolidated Edison in the fourth quarter valued at about $39,000. Finally, FSA Wealth Management LLC purchased a new position in Consolidated Edison in the third quarter valued at about $55,000. Institutional investors and hedge funds own 66.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Mizuho increased their price target on Consolidated Edison from $92.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Barclays lowered their target price on Consolidated Edison from $99.00 to $92.00 and set an “underweight” rating on the stock in a research report on Monday, January 27th. Scotiabank upgraded Consolidated Edison from a “sector underperform” rating to a “sector perform” rating and raised their target price for the company from $90.00 to $100.00 in a research report on Thursday, December 12th. Morgan Stanley lowered their target price on Consolidated Edison from $88.00 to $85.00 and set an “underweight” rating on the stock in a research report on Friday, November 22nd. Finally, Evercore ISI cut Consolidated Edison from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $100.70.

Consolidated Edison Trading Up 2.6 %

Shares of NYSE:ED opened at $98.27 on Monday. Consolidated Edison, Inc. has a 12 month low of $85.85 and a 12 month high of $107.75. 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’s fifty day simple moving average is $92.09 and its 200 day simple moving average is $97.96. The firm has a market cap of $34.04 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 3.05 and a beta of 0.39.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.01. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.63 billion. Consolidated Edison had a net margin of 11.93% and a return on equity of 8.62%. As a group, research analysts forecast that Consolidated Edison, Inc. will post 5.62 EPS for the current fiscal year.

Consolidated Edison Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th will be given a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This is a boost from Consolidated Edison’s previous quarterly dividend of $0.83. This represents a $3.40 annualized dividend and a dividend yield of 3.46%. Consolidated Edison’s payout ratio is presently 64.89%.

About Consolidated Edison

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.