Keel Point LLC Has $253,000 Position in Consolidated Edison, Inc. (NYSE:ED)

Keel Point LLC decreased its holdings in shares of Consolidated Edison, Inc. (NYSE:ED) by 12.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,837 shares of the utilities provider’s stock after selling 409 shares during the period. Keel Point LLC’s holdings in Consolidated Edison were worth $253,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. AlphaMark Advisors LLC acquired a new stake in Consolidated Edison in the fourth quarter worth $27,000. Fairway Wealth LLC bought a new position in Consolidated Edison during the fourth quarter worth about $36,000. OFI Invest Asset Management acquired a new position in Consolidated Edison in the fourth quarter valued at about $35,000. Centricity Wealth Management LLC bought a new stake in shares of Consolidated Edison in the fourth quarter worth about $39,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Consolidated Edison during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 66.29% of the company’s stock.

Analyst Ratings Changes

ED has been the subject of a number of research reports. Wells Fargo & Company increased their target price on Consolidated Edison from $103.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Friday. Barclays raised their price objective on shares of Consolidated Edison from $95.00 to $100.00 and gave the stock an “underweight” rating in a report on Tuesday, April 22nd. UBS Group upped their target price on shares of Consolidated Edison from $110.00 to $113.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Mizuho lifted their price target on Consolidated Edison from $92.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, Scotiabank upped their price objective on Consolidated Edison from $100.00 to $101.00 and gave the stock a “sector perform” rating in a research report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $105.70.

Consolidated Edison Trading Down 2.2 %

Shares of NYSE:ED opened at $110.07 on Friday. Consolidated Edison, Inc. has a 52-week low of $87.28 and a 52-week high of $114.87. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.93 and a current ratio of 1.01. The company has a market capitalization of $39.65 billion, a P/E ratio of 21.01, a price-to-earnings-growth ratio of 3.05 and a beta of 0.27. The company has a 50-day simple moving average of $107.80 and a 200 day simple moving average of $99.85.

Consolidated Edison (NYSE:ED) last issued its earnings results on Thursday, May 1st. The utilities provider reported $2.25 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.05). Consolidated Edison had a return on equity of 8.62% and a net margin of 11.93%. The business had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.21 billion. During the same quarter in the prior year, the firm posted $2.15 earnings per share. Sell-side analysts forecast that Consolidated Edison, Inc. will post 5.62 earnings per share for the current year.

Consolidated Edison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, May 14th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $3.40 annualized dividend and a yield of 3.09%. Consolidated Edison’s dividend payout ratio is currently 64.89%.

Consolidated Edison Company 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.