Dynamic Advisors Solutions Lowers stake in Consolidated Edison (ED)

Consolidated Edison (ED) : Dynamic Advisors Solutions reduced its stake in Consolidated Edison by 20.94% during the most recent quarter end. The investment management company now holds a total of 65,875 shares of Consolidated Edison which is valued at $4,885,290 after selling 17,443 shares in Consolidated Edison , the firm said in a disclosure report filed with the SEC on May 2, 2016.Consolidated Edison makes up approximately 2.08% of Dynamic Advisors Solutions’s portfolio.

Consolidated Edison closed down -1.42 points or -1.88% at $74.16 with 36,79,664 shares getting traded on Friday. Post opening the session at $75.42, the shares hit an intraday low of $72.86 and an intraday high of $75.43 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Dt Investment Partners reduced its stake in ED by selling 635 shares or 7.78% in the most recent quarter. The Hedge Fund company now holds 7,526 shares of ED which is valued at $558,128. Consolidated Edison makes up approx 0.16% of Dt Investment Partners’s portfolio.Van Hulzen Asset Management reduced its stake in ED by selling 2,829 shares or 10.84% in the most recent quarter. The Hedge Fund company now holds 23,259 shares of ED which is valued at $1,735,121. Consolidated Edison makes up approx 0.99% of Van Hulzen Asset Management’s portfolio.First Quadrant L Pca boosted its stake in ED in the latest quarter, The investment management firm added 114,300 additional shares and now holds a total of 153,300 shares of Consolidated Edison which is valued at $10,973,214. Consolidated Edison makes up approx 0.24% of First Quadrant L Pca’s portfolio.Capital One National Association reduced its stake in ED by selling 24 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 4,968 shares of ED which is valued at $355,609. Consolidated Edison makes up approx 0.03% of Capital One National Association’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).

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