Raymond James Trust N.A. Sells 6,893 Shares of Consolidated Edison, Inc. (ED)

Raymond James Trust N.A. lowered its holdings in Consolidated Edison, Inc. (NYSE:ED) by 26.9% in the 4th quarter, HoldingsChannel reports. The firm owned 18,711 shares of the utilities provider’s stock after selling 6,893 shares during the quarter. Raymond James Trust N.A.’s holdings in Consolidated Edison were worth $1,589,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. APG Asset Management N.V. raised its holdings in shares of Consolidated Edison by 28.4% in the 4th quarter. APG Asset Management N.V. now owns 5,209,155 shares of the utilities provider’s stock valued at $368,519,000 after purchasing an additional 1,153,600 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Consolidated Edison by 5.2% in the 3rd quarter. Legal & General Group Plc now owns 2,930,589 shares of the utilities provider’s stock valued at $236,432,000 after purchasing an additional 144,652 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Consolidated Edison by 25.3% in the 3rd quarter. Janus Henderson Group PLC now owns 2,883,134 shares of the utilities provider’s stock valued at $232,610,000 after purchasing an additional 582,457 shares in the last quarter. Swiss National Bank raised its holdings in shares of Consolidated Edison by 0.8% in the 3rd quarter. Swiss National Bank now owns 2,135,071 shares of the utilities provider’s stock valued at $172,258,000 after purchasing an additional 17,800 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Consolidated Edison by 10.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,366,282 shares of the utilities provider’s stock valued at $116,065,000 after purchasing an additional 124,544 shares in the last quarter. Institutional investors and hedge funds own 56.02% of the company’s stock.

Consolidated Edison, Inc. (NYSE ED) opened at $77.13 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.79 and a quick ratio of 0.70. Consolidated Edison, Inc. has a 12-month low of $72.63 and a 12-month high of $89.70. The stock has a market cap of $24,172.96, a P/E ratio of 19.28, a PEG ratio of 9.13 and a beta of 0.03.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 14th will be given a $0.715 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.71%. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.69. Consolidated Edison’s payout ratio is presently 69.00%.

Several equities research analysts have recently commented on ED shares. Zacks Investment Research lowered shares of Consolidated Edison from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. KeyCorp restated a “hold” rating on shares of Consolidated Edison in a report on Friday, October 20th. Bank of America started coverage on shares of Consolidated Edison in a report on Tuesday, October 24th. They issued a “buy” rating and a $92.00 price target for the company. Guggenheim restated a “hold” rating and issued a $88.00 price target on shares of Consolidated Edison in a report on Wednesday, January 3rd. Finally, ValuEngine upgraded shares of Consolidated Edison from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Consolidated Edison has an average rating of “Hold” and a consensus target price of $81.86.

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Consolidated Edison Company Profile

Consolidated Edison, Inc (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc (CECONY), Orange and Rockland Utilities, Inc (O&R), Con Edison Clean Energy Businesses, Inc (the Clean Energy Businesses) and Con Edison Transmission, Inc (Con Edison Transmission).

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

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