Consolidated Edison (ED) : Navellier Associates Inc added new position in Consolidated Edison during the most recent quarter end. The investment management firm now holds 136,064 shares of Consolidated Edison which is valued at $10,735,450 , the company said in a statement filed on Aug 3, 2016 with the SEC.Consolidated Edison makes up approximately 1.57% of Navellier Associates Inc’s portfolio.
Other Hedge Funds, Including , New Mexico Educational Retirement Board boosted its stake in ED in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 35,452 shares of Consolidated Edison which is valued at $2,797,163. Consolidated Edison makes up approx 0.12% of New Mexico Educational Retirement Board’s portfolio. Lmr Partners Llp sold out all of its stake in ED during the most recent quarter. The investment firm sold 29,664 shares of ED which is valued $2,375,493.Cordasco Financial Network reduced its stake in ED by selling 175 shares or 25.93% in the most recent quarter. The Hedge Fund company now holds 500 shares of ED which is valued at $39,715. Consolidated Edison makes up approx 0.04% of Cordasco Financial Network’s portfolio.Ibm Retirement Fund boosted its stake in ED in the latest quarter, The investment management firm added 1,815 additional shares and now holds a total of 39,961 shares of Consolidated Edison which is valued at $3,244,034. Consolidated Edison makes up approx 0.12% of Ibm Retirement Fund’s portfolio. Hartford Financial Management added ED to its portfolio by purchasing 25 company shares during the most recent quarter which is valued at $1,979.
Consolidated Edison closed down -0.1 points or -0.13% at $77.65 with 13,63,929 shares getting traded on Monday. Post opening the session at $77.83, the shares hit an intraday low of $77.43 and an intraday high of $78.37 and the price fluctuated in this range throughout the day.Shares ended Monday 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. 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 .Company shares were Reiterated by Mizuho on May 12, 2016 to “Neutral”, Firm has raised the Price Target to $ 72 from a previous price target of $66 .
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).