Consolidated Edison (ED) : Albion Financial Group Ut scooped up 892 additional shares in Consolidated Edison during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 59,009 shares of Consolidated Edison which is valued at $4,223,864.Consolidated Edison makes up approximately 0.69% of Albion Financial Group Ut’s portfolio.
Consolidated Edison opened for trading at $72.32 and hit $73.75 on the upside on Wednesday, eventually ending the session at $73.52, with a gain of 2.05% or 1.48 points. The heightened volatility saw the trading volume jump to 17,27,661 shares. Company has a market cap of $21,585 M.
Other Hedge Funds, Including , Appleton Partners Incma reduced its stake in ED by selling 607 shares or 7.18% in the most recent quarter. The Hedge Fund company now holds 7,845 shares of ED which is valued at $561,545. Consolidated Edison makes up approx 0.11% of Appleton Partners Incma’s portfolio.Wealth Enhancement Advisory Services boosted its stake in ED in the latest quarter, The investment management firm added 1,415 additional shares and now holds a total of 22,523 shares of Consolidated Edison which is valued at $1,612,196. Consolidated Edison makes up approx 0.32% of Wealth Enhancement Advisory Services’s portfolio. Abner Herrman Brock added ED to its portfolio by purchasing 2,736 company shares during the most recent quarter which is valued at $206,787. Consolidated Edison makes up approx 0.05% of Abner Herrman Brock’s portfolio.Thompson Rubinstein Investment Management Inc Or boosted its stake in ED in the latest quarter, The investment management firm added 1,650 additional shares and now holds a total of 6,819 shares of Consolidated Edison which is valued at $515,380. Consolidated Edison makes up approx 0.21% of Thompson Rubinstein Investment Management Inc Or’s portfolio.
On the company’s financial health, Consolidated Edison reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Feb 18, 2016. Analyst had a consensus of $0.54. The company had revenue of $2707.00 million for the quarter, compared to analysts expectations of $2833.85 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.
Many Wall Street Analysts have commented on Consolidated Edison. Company shares were Reiterated by Barclays on Feb 22, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 70 from a previous price target of $67 .
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).