Consolidated Edison (ED) : Argi Investment Services scooped up 1,950 additional shares in Consolidated Edison during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 24,461 shares of Consolidated Edison which is valued at $1,927,282.Consolidated Edison makes up approximately 0.19% of Argi Investment Services’s portfolio.
Other Hedge Funds, Including , Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in ED in the latest quarter, The investment management firm added 2,566 additional shares and now holds a total of 24,353 shares of Consolidated Edison which is valued at $1,918,773. Consolidated Edison makes up approx 0.04% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Plante Moran Financial Advisors reduced its stake in ED by selling 132 shares or 10.3% in the most recent quarter. The Hedge Fund company now holds 1,150 shares of ED which is valued at $90,735. Consolidated Edison makes up approx 0.06% of Plante Moran Financial Advisors’s portfolio.Cookson Peirce Co Inc boosted its stake in ED in the latest quarter, The investment management firm added 410 additional shares and now holds a total of 8,120 shares of Consolidated Edison which is valued at $640,668. Consolidated Edison makes up approx 0.09% of Cookson Peirce Co Inc’s portfolio.Daiwa Securities Group boosted its stake in ED in the latest quarter, The investment management firm added 38,300 additional shares and now holds a total of 45,250 shares of Consolidated Edison which is valued at $3,594,208. Consolidated Edison makes up approx 0.02% of Daiwa Securities Group’s portfolio. Quantres Asset Management Ltd added ED to its portfolio by purchasing 2,600 company shares during the most recent quarter which is valued at $211,068. Consolidated Edison makes up approx 0.13% of Quantres Asset Management Ltd’s portfolio.
Consolidated Edison closed down -0.29 points or -0.38% at $76.46 with 8,15,235 shares getting traded on Tuesday. Post opening the session at $76.69, the shares hit an intraday low of $76.46 and an intraday high of $77.19 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Consolidated Edison reported $0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.69.Analysts expectations of $ 2804.65.During the same quarter in the previous year, the company posted $0.78 EPS.
Many Wall Street Analysts have commented on Consolidated Edison. Consolidated Edison was Initiated by Citigroup to “Neutral” on Aug 12, 2016. Company shares were Reiterated by Mizuho on Aug 8, 2016 to “Neutral”, Firm has raised the Price Target to $ 75 from a previous price target of $72 .
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) and the Competitive Energy Businesses. CECONY delivers electricity natural gas and steam to customers in New York City and Westchester County. Orange and Rockland Utilities Inc. (O&R) delivers electricity and natural gas to customers located in south-eastern New York northern New Jersey and north-eastern Pennsylvania. O&R’s utility subsidiaries include Rockland Electric Company and Pike County Light & Power Company. Competitive energy businesses provide retail and wholesale electricity supply and energy services. The Competitive Energy Businesses include three subsidiaries: Consolidated Edison Solutions Inc. (Con Edison Solutions); Consolidated Edison Energy Inc. (Con Edison Energy) and Consolidated Edison Development Inc. (Con Edison Development).