Consolidated Edison, Inc. (NYSE:ED) has analysts on the Bullish side this week.

October 11, 2018 - By Vivian Park

Investors sentiment increased to 1.16 in 2018 Q2. Its up 0.27, from 0.89 in 2018Q1. It improved, as 34 investors sold Consolidated Edison, Inc. shares while 204 reduced holdings. 55 funds opened positions while 221 raised stakes. 177.70 million shares or 2.71% more from 173.02 million shares in 2018Q1 were reported.
Greenleaf Tru holds 0.02% of its portfolio in Consolidated Edison, Inc. (NYSE:ED) for 11,406 shares. Hamel holds 58,039 shares or 2.08% of its portfolio. Birinyi Associate owns 0.14% invested in Consolidated Edison, Inc. (NYSE:ED) for 4,635 shares. 2,852 are owned by Driehaus Capital Llc. Numerixs Technology has invested 0.18% in Consolidated Edison, Inc. (NYSE:ED). Schulhoff & stated it has 5,431 shares or 0.25% of all its holdings. Tortoise Inv Mngmt Limited Liability Company invested in 263 shares. Janney Montgomery Scott Limited Liability Company reported 84,988 shares or 0.06% of all its holdings. Blair William & Co Il invested 0.01% in Consolidated Edison, Inc. (NYSE:ED). Charter Tru holds 0.05% in Consolidated Edison, Inc. (NYSE:ED) or 5,637 shares. Rhumbline Advisers invested 0.09% in Consolidated Edison, Inc. (NYSE:ED). Baldwin Brothers Incorporated Ma has 560 shares for 0.01% of their portfolio. Holderness holds 7,875 shares. Albion Finance Group Ut has invested 0.65% in Consolidated Edison, Inc. (NYSE:ED). First Quadrant Limited Partnership Ca owns 7,896 shares for 0.01% of their portfolio.

Since April 30, 2018, it had 34 insider purchases, and 0 sales for $93,406 activity. Shares for $1,974 were bought by Muccilo Robert on Friday, August 31. OATES JOSEPH P also bought $546 worth of Consolidated Edison, Inc. (NYSE:ED) shares. Moore Elizabeth D bought $4,196 worth of stock. The insider RESHESKE FRANCES bought 1 shares worth $74. Another trade for 53 shares valued at $3,901 was made by Sanchez Robert on Saturday, June 30. HOGLUND ROBERT N bought $2,290 worth of Consolidated Edison, Inc. (NYSE:ED) on Friday, August 31.

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

Among 6 analysts covering Consolidated Edison (NYSE:ED), 1 have Buy rating, 2 Sell and 3 Hold. Therefore 17% are positive. Consolidated Edison had 10 analyst reports since April 16, 2018 according to SRatingsIntel. The stock has “Underweight” rating by Morgan Stanley on Friday, September 21. UBS maintained the shares of ED in report on Friday, September 21 with “Neutral” rating. As per Tuesday, September 11, the company rating was maintained by Morgan Stanley. The stock of Consolidated Edison, Inc. (NYSE:ED) has “Buy” rating given on Wednesday, September 26 by Bank of America. The stock of Consolidated Edison, Inc. (NYSE:ED) earned “Market Perform” rating by Wells Fargo on Monday, September 17. The company was maintained on Wednesday, June 13 by Morgan Stanley. The stock of Consolidated Edison, Inc. (NYSE:ED) has “Underweight” rating given on Monday, July 16 by Morgan Stanley. As per Monday, April 16, the company rating was maintained by Morgan Stanley. Below is a list of Consolidated Edison, Inc. (NYSE:ED) latest ratings and price target changes.

26/09/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $84.5 New Target: $85 Maintain
21/09/2018 Broker: UBS Old Rating: Neutral New Rating: Neutral Old Target: $83 New Target: $84 Maintain
21/09/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $81 New Target: $77 Maintain
17/09/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Market Perform Old Target: $81 New Target: $83 Maintain
11/09/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $77 New Target: $81 Maintain
24/07/2018 Broker: Howard Weil Rating: Sector Underperform Initiates Coverage On
16/07/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $71 New Target: $77 Maintain
10/07/2018 Broker: Barclays Capital Rating: Equal-Weight New Target: $81 Initiates Coverage On
13/06/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $75 New Target: $71 Maintain
16/04/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $74 New Target: $77 Maintain

The stock decreased 1.62% or $1.26 during the last trading session, reaching $76.51. About 912,810 shares traded. Consolidated Edison, Inc. (NYSE:ED) has declined 4.82% since October 11, 2017 and is downtrending. It has underperformed by 20.44% the S&P500.

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company has market cap of $23.80 billion. 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. It has a 15.09 P/E ratio. 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.

Another recent and important Consolidated Edison, Inc. (NYSE:ED) news was published by Investorplace.com which published an article titled: “5 Utility Stocks That Could Electrify Your Portfolio” on October 11, 2018.

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

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