-1.62 % to Target, Morgan Stanley Maintains ‘”Underweight”’ Rating on Consolidated Edison (NYSE:ED) Shares Today

April 17, 2018 - By Winifred Garcia

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.02, from 1.08 in 2017Q3. It dived, as 41 investors sold Consolidated Edison, Inc. shares while 213 reduced holdings. 63 funds opened positions while 207 raised stakes. 169.29 million shares or 0.15% less from 169.54 million shares in 2017Q3 were reported.

Freestone Capital Holdings Lc, Washington-based fund reported 5,431 shares. Grimes And Commerce reported 2,392 shares. 81,344 are held by Uss Inv Management Ltd. Winslow Evans & Crocker reported 1,460 shares or 0.04% of all its holdings. Lombard Odier Asset Management (Europe) Ltd reported 3,846 shares. Rbo And Commerce Ltd Liability Corporation invested in 3,000 shares or 0.06% of the stock. Alpine Woods Capital Investors stated it has 13,410 shares or 0.06% of all its holdings. Columbia Asset Management has 0.09% invested in Consolidated Edison, Inc. (NYSE:ED). Tobam accumulated 996,612 shares. Stratos Wealth Ptnrs holds 10,997 shares. Brandywine Glob Management Ltd Liability Company has invested 0% in Consolidated Edison, Inc. (NYSE:ED). Northern Corp has 0.1% invested in Consolidated Edison, Inc. (NYSE:ED) for 4.51 million shares. Fulton Bank Na owns 3,860 shares. Lynch Associate In reported 0.13% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). Virtus Investment Advisers holds 0% or 3,777 shares in its portfolio.

Since December 31, 2017, it had 37 buys, and 1 insider sale for $118,653 activity. Shukla Saumil P bought $3,832 worth of Consolidated Edison, Inc. (NYSE:ED) on Sunday, December 31. 27 shares were bought by Nadkarni Gurudatta D, worth $2,075. 54 Consolidated Edison, Inc. (NYSE:ED) shares with value of $4,120 were bought by Moore Elizabeth D. 43 shares valued at $3,745 were bought by Sanchez Robert on Sunday, December 31. OATES JOSEPH P had bought 8 shares worth $697 on Sunday, December 31. $2,344 worth of Consolidated Edison, Inc. (NYSE:ED) was bought by HOGLUND ROBERT N on Wednesday, January 31.

Consolidated Edison (NYSE:ED) Rating Reaffirmed

New York: In a note issued to clients on 16 April, Morgan Stanley reconfirmed their “Underweight” rating on Consolidated Edison (NYSE:ED) shares. They now have a $77 price target on the company. Morgan Stanley’s target suggests a potential downside of -1.62 % from the company’s last price.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.02, from 1.08 in 2017Q3. It dived, as 41 investors sold Consolidated Edison, Inc. shares while 213 reduced holdings. 63 funds opened positions while 207 raised stakes. 169.29 million shares or 0.15% less from 169.54 million shares in 2017Q3 were reported.

Freestone Capital Holdings Lc, Washington-based fund reported 5,431 shares. Grimes And Commerce reported 2,392 shares. 81,344 are held by Uss Inv Management Ltd. Winslow Evans & Crocker reported 1,460 shares or 0.04% of all its holdings. Lombard Odier Asset Management (Europe) Ltd reported 3,846 shares. Rbo And Commerce Ltd Liability Corporation invested in 3,000 shares or 0.06% of the stock. Alpine Woods Capital Investors stated it has 13,410 shares or 0.06% of all its holdings. Columbia Asset Management has 0.09% invested in Consolidated Edison, Inc. (NYSE:ED). Tobam accumulated 996,612 shares. Stratos Wealth Ptnrs holds 10,997 shares. Brandywine Glob Management Ltd Liability Company has invested 0% in Consolidated Edison, Inc. (NYSE:ED). Northern Corp has 0.1% invested in Consolidated Edison, Inc. (NYSE:ED) for 4.51 million shares. Fulton Bank Na owns 3,860 shares. Lynch Associate In reported 0.13% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). Virtus Investment Advisers holds 0% or 3,777 shares in its portfolio.

Since December 31, 2017, it had 37 buys, and 1 insider sale for $118,653 activity. Shukla Saumil P bought $3,832 worth of Consolidated Edison, Inc. (NYSE:ED) on Sunday, December 31. 27 shares were bought by Nadkarni Gurudatta D, worth $2,075. 54 Consolidated Edison, Inc. (NYSE:ED) shares with value of $4,120 were bought by Moore Elizabeth D. 43 shares valued at $3,745 were bought by Sanchez Robert on Sunday, December 31. OATES JOSEPH P had bought 8 shares worth $697 on Sunday, December 31. $2,344 worth of Consolidated Edison, Inc. (NYSE:ED) was bought by HOGLUND ROBERT N on Wednesday, January 31.

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

Among 7 analysts covering Con Edison (NYSE:ED), 0 have Buy rating, 3 Sell and 4 Hold. Therefore 0 are positive. Con Edison has $88.0 highest and $74 lowest target. $79’s average target is 0.93% above currents $78.27 stock price. Con Edison had 12 analyst reports since October 18, 2017 according to SRatingsIntel. RBC Capital Markets maintained Consolidated Edison, Inc. (NYSE:ED) on Thursday, February 1 with “Hold” rating. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, October 18. The firm has “Underweight” rating by Morgan Stanley given on Monday, November 13. On Thursday, February 15 the stock rating was maintained by Guggenheim with “Hold”. On Sunday, November 5 the stock rating was maintained by RBC Capital Markets with “Hold”. J.P. Morgan initiated it with “Sell” rating and $78.0 target in Friday, January 12 report. JP Morgan maintained Consolidated Edison, Inc. (NYSE:ED) on Tuesday, April 10 with “Underweight” rating. Guggenheim maintained Consolidated Edison, Inc. (NYSE:ED) rating on Tuesday, January 2. Guggenheim has “Hold” rating and $88.0 target. The rating was maintained by Morgan Stanley on Tuesday, February 13 with “Underweight”. The firm earned “Underweight” rating on Monday, April 16 by Morgan Stanley.

The stock increased 0.62% or $0.48 during the last trading session, reaching $78.27. About 205,626 shares traded. Consolidated Edison, Inc. (NYSE:ED) has declined 1.18% since April 17, 2017 and is downtrending. It has underperformed by 12.73% the S&P500.

Analysts await Consolidated Edison, Inc. (NYSE:ED) to report earnings on May, 3. They expect $1.35 earnings per share, up 6.30 % or $0.08 from last year’s $1.27 per share. ED’s profit will be $419.33 million for 14.49 P/E if the $1.35 EPS becomes a reality. After $0.80 actual earnings per share reported by Consolidated Edison, Inc. for the previous quarter, Wall Street now forecasts 68.75 % EPS growth.

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 $24.31 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 15.84 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.

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

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