Sentiment Change Report: Consolidated Edison Inc (NYSE:ED) at 0.89

June 27, 2018 - By Robert Judd

Consolidated Edison Inc’s Sentiment

“Big money sentiment for Consolidated Edison Inc (NYSE:ED) in Q1 2018 decreased to 0.89, according to SEC filings. So its down -0.17, from 2017Q4’s 1.06. 266 active investment managers increased and started new equity positions, while 298 cut down and sold their equity positions in Consolidated Edison Inc so the sentiment is negative. These funds own 173.02 million shares, that’s up from 169.29 million shares in 2017Q4. Funds holding Consolidated Edison Inc in top 10 changed to 2 from 4 for a decrease of 2. In total 51 funds closed positions, 247 reduced and 192 increased. Also 74 funds bought new Consolidated Edison Inc stakes.

Most Consolidated Edison Inc Shareholders

Tobam owns 1.31 million shares in Consolidated Edison Inc as of Q1 2018. Consolidated Edison Inc’s shareholder Welch Group Llc owns 279,983 shares as of Q1 2018. Also, Hgk Asset Management Inc reported 144,053 shares in Consolidated Edison Inc equivalent to 1.7% of its US equity exposure. The California-based fund Apriem Advisors have invested about 1.61% of the active investment manager’s stock portfolio in Consolidated Edison Inc. The Michigan-based fund Regal Investment Advisors Llc holds 76,224 shares or 1.31% of their US equity exposure.

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States.The company has $24.15 billion market cap. The firm offers electric services to approximately 3.4 million clients in New York City and Westchester County; gas to approximately 1.1 million clients in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,649 clients in parts of Manhattan.The P/E ratio is 15.42. It also supplies electricity to approximately 0.3 million clients in southeastern New York, and northern New Jersey; and gas to approximately 0.1 million clients in southeastern New York.

ED hit $77.73 during the last trading session after $0.25 change.Consolidated Edison, Inc. has volume of 257,933 shares. Since June 27, 2017 ED has declined 7.47% and is downtrending. The stock underperformed the S&P 500 by 20.04%.

Earnings report for Consolidated Edison, Inc. (NYSE:ED) is expected on August, 2., according to Zacks. Last year’s EPS was $0.58, while now analysts expect change of 3.45 % down from current $0.56 EPS. In case of $0.56 EPS ED’s profit could hit $174.01 million. -59.12 % negative EPS growth is what Wall Street’s predicts after $1.37 reported EPS last quarter.

City Holdings reported 16,685 shs stake. South Dakota Council reported 0.04% in Consolidated Edison, Inc. (NYSE:ED). Kcm Investment Limited Liability Com, California-based fund reported 12,071 shs. Fiduciary reported 0.01% in Consolidated Edison, Inc. (NYSE:ED). Smith Moore And Com invested in 0.07% or 3,289 shs. Rhumbline Advisers holds 0.1% of its capital in Consolidated Edison, Inc. (NYSE:ED) for 591,971 shs. Virginia Retirement Systems Et Al reported 0.18% in Consolidated Edison, Inc. (NYSE:ED). Mcf Advsr Ltd Limited Liability Company holds 0.01% or 570 shs. Macquarie Group Limited reported 71,780 shs stake. Round Table Services Lc reported 6,069 shs. Bbva Compass Bank & Trust accumulated 11,511 shs or 0.06% of the stock. Commerzbank Aktiengesellschaft Fi holds 0.2% or 232,845 shs in its capital. Live Your Vision Lc owns 0% invested in Consolidated Edison, Inc. (NYSE:ED) for 150 shs. Smithfield Tru reported 4,650 shs stake. Kentucky Retirement Insurance Fund reported 7,106 shs.

Consolidated Edison, Inc. had 1 sale and 53 insider buys since December 31, 2017. This’s net activity of $150,984. $537 worth of Consolidated Edison, Inc. (NYSE:ED) shs were bought by OATES JOSEPH P. HOGLUND ROBERT N bought $8,536 worth of Consolidated Edison, Inc. (NYSE:ED) or 98 shs on Sunday, December 31. Cawley Timothy bought $4,196 worth of stock or 55 shs. Shares for $2,344 were bought by Sanchez Robert. The insider Shukla Saumil P bought 52 shs worth $3,967. The insider McAvoy John bought 30 shs worth $2,339.

Consolidated Edison, Inc. (NYSE:ED) Ratings Coverage

In total 6 analysts cover Con Edison (NYSE:ED). “Buy” rating has 0, “Sell” are 3, while 3 are “Hold”. 0 are bullish. With $88.0 highest and $71 lowest target Con Edison has $78 average target or 0.35% above the current ($77.73) price. 10 are the (NYSE:ED)’s analyst reports since January 2, 2018 according to StockzIntelligence Inc. The company rating was maintained by Morgan Stanley on Monday, April 16. The stock rating was initiated by J.P. Morgan with “Sell” on Friday, January 12. On Wednesday, June 13 the company was maintained by Morgan Stanley. On Thursday, February 15 the stock of Consolidated Edison, Inc. (NYSE:ED) earned “Hold” rating by Guggenheim. The company rating was maintained by Morgan Stanley on Tuesday, February 13. In Thursday, February 1 report RBC Capital Markets maintained it with “Hold” rating and $82.0 target. On Tuesday, January 2 the firm earned “Hold” rating by Guggenheim. On Tuesday, April 10 JP Morgan maintained the shares of ED in report with “Underweight” rating.

There’s an important Consolidated Edison, Inc. (NYSE:ED) news brought out by Seekingalpha.com. It’s a report titled: “Bert’s Recent Buy – Consolidated Edison” on June 26, 2018.

Consolidated Edison, Inc. (NYSE:ED) Institutional Investors Chart

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