D’orazio Associates buys $237,026 stake in Consolidated Edison (ED)

Consolidated Edison (ED) : D’orazio Associates scooped up 27 additional shares in Consolidated Edison during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 3,408 shares of Consolidated Edison which is valued at $237,026.Consolidated Edison makes up approximately 0.09% of D’orazio Associates’s portfolio.

Other Hedge Funds, Including , Nuveen Fund Advisors reduced its stake in ED by selling 4,376 shares or 30.2% in the most recent quarter. The Hedge Fund company now holds 10,116 shares of ED which is valued at $713,077. Consolidated Edison makes up approx 0.10% of Nuveen Fund Advisors’s portfolio.Focused Wealth Management Inc reduced its stake in ED by selling 99 shares or 3.12% in the most recent quarter. The Hedge Fund company now holds 3,073 shares of ED which is valued at $217,230. Consolidated Edison makes up approx 0.10% of Focused Wealth Management Inc’s portfolio. Ikos Cif Ltd sold out all of its stake in ED during the most recent quarter. The investment firm sold 5,780 shares of ED which is valued $408,588.Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in ED in the latest quarter, The investment management firm added 353,700 additional shares and now holds a total of 663,100 shares of Consolidated Edison which is valued at $48,950,042. Consolidated Edison makes up approx 0.57% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.

Consolidated Edison closed down -0.51 points or -0.73% at $69.53 with 17,77,205 shares getting traded on Monday. Post opening the session at $69.99, the shares hit an intraday low of $69.26 and an intraday high of $70.33 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 $1.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $1.47. The company had revenue of $3417.00 million for the quarter, compared to analysts expectations of $3227.12 million. The company’s revenue was down -.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.45 EPS.

Many Wall Street Analysts have commented on Consolidated Edison. Deutsche Bank Upgraded Consolidated Edison on Oct 24, 2016 to ” Hold”, Price Target of the shares are set at $74.Consolidated Edison was Upgraded by Jefferies to ” Buy” on Sep 14, 2016.

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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