Westfuller Advisors LLC Has $535,000 Holdings in Consolidated Edison Inc $ED

Westfuller Advisors LLC boosted its holdings in shares of Consolidated Edison Inc (NYSE:EDFree Report) by 1,611.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,723 shares of the utilities provider’s stock after acquiring an additional 4,447 shares during the period. Westfuller Advisors LLC’s holdings in Consolidated Edison were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GW&K Investment Management LLC raised its position in shares of Consolidated Edison by 28.5% during the fourth quarter. GW&K Investment Management LLC now owns 419 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 93 shares during the period. Meadowbrook Wealth Management LLC grew its position in shares of Consolidated Edison by 2.2% in the 4th quarter. Meadowbrook Wealth Management LLC now owns 4,687 shares of the utilities provider’s stock valued at $466,000 after purchasing an additional 100 shares during the period. bLong Financial LLC grew its position in shares of Consolidated Edison by 1.3% in the 4th quarter. bLong Financial LLC now owns 7,775 shares of the utilities provider’s stock valued at $772,000 after purchasing an additional 100 shares during the period. Bridgewater Advisors Inc. increased its stake in Consolidated Edison by 1.6% during the 4th quarter. Bridgewater Advisors Inc. now owns 6,635 shares of the utilities provider’s stock worth $689,000 after purchasing an additional 105 shares in the last quarter. Finally, Venture Visionary Partners LLC increased its stake in Consolidated Edison by 2.0% during the 4th quarter. Venture Visionary Partners LLC now owns 5,606 shares of the utilities provider’s stock worth $557,000 after purchasing an additional 108 shares in the last quarter. 66.29% of the stock is owned by institutional investors and hedge funds.

Consolidated Edison News Roundup

Here are the key news stories impacting Consolidated Edison this week:

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company set a $98.00 target price on shares of Consolidated Edison in a report on Tuesday, April 21st. Morgan Stanley reiterated an “underweight” rating on shares of Consolidated Edison in a report on Wednesday, June 24th. JPMorgan Chase & Co. increased their price objective on shares of Consolidated Edison from $107.00 to $113.00 and gave the stock an “underweight” rating in a research report on Thursday, March 12th. Argus set a $112.00 price objective on shares of Consolidated Edison in a report on Tuesday, June 23rd. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $105.00 price objective on shares of Consolidated Edison in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, Consolidated Edison presently has an average rating of “Reduce” and a consensus price target of $108.07.

Get Our Latest Stock Analysis on ED

Consolidated Edison Stock Down 0.0%

NYSE:ED opened at $113.96 on Monday. The stock has a 50-day simple moving average of $107.88 and a 200 day simple moving average of $107.77. Consolidated Edison Inc has a 52-week low of $94.96 and a 52-week high of $116.23. The company has a market cap of $42.00 billion, a PE ratio of 19.18, a PEG ratio of 2.89 and a beta of 0.27. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19.

Consolidated Edison Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, May 13th. Consolidated Edison’s dividend payout ratio (DPR) is currently 59.76%.

About Consolidated Edison

(Free Report)

Consolidated Edison, Inc, commonly known as Con Edison, is an investor-owned energy company that primarily delivers electricity, natural gas and steam to customers in the New York metropolitan area. Its regulated utility operations include the distribution and transmission of electric power, the distribution of natural gas, and the operation of one of the largest district steam systems in the United States, serving commercial, institutional and residential customers in New York City and nearby counties.

The company operates through regulated utility subsidiaries that serve urban and suburban service territories, together with non-utility businesses that develop, own and manage energy infrastructure and clean energy projects.

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

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