California Public Employees Retirement System raised its holdings in Consolidated Edison, Inc. (NYSE:ED) by 25.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 999,045 shares of the utilities provider’s stock after purchasing an additional 199,981 shares during the period. California Public Employees Retirement System’s holdings in Consolidated Edison were worth $84,869,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ED. FMR LLC boosted its holdings in Consolidated Edison by 5.5% in the 2nd quarter. FMR LLC now owns 260,507 shares of the utilities provider’s stock valued at $21,054,000 after purchasing an additional 13,651 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Consolidated Edison by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 610,002 shares of the utilities provider’s stock valued at $49,301,000 after purchasing an additional 5,108 shares during the period. BlueCrest Capital Management Ltd bought a new stake in Consolidated Edison in the 2nd quarter valued at about $947,000. Cubist Systematic Strategies LLC acquired a new position in shares of Consolidated Edison in the 2nd quarter valued at approximately $708,000. Finally, Scotia Capital Inc. raised its position in shares of Consolidated Edison by 26.8% in the 2nd quarter. Scotia Capital Inc. now owns 8,434 shares of the utilities provider’s stock valued at $682,000 after buying an additional 1,785 shares in the last quarter. 56.02% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently commented on ED. Zacks Investment Research upgraded shares of Consolidated Edison from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research report on Tuesday, November 14th. ValuEngine upgraded shares of Consolidated Edison from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Bank of America began coverage on shares of Consolidated Edison in a research report on Tuesday, October 24th. They issued a “buy” rating and a $92.00 target price for the company. KeyCorp restated a “hold” rating on shares of Consolidated Edison in a research report on Friday, October 20th. Finally, Guggenheim restated a “hold” rating and issued a $88.00 target price on shares of Consolidated Edison in a research report on Wednesday, January 3rd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $81.86.

Consolidated Edison, Inc. (NYSE ED) opened at $76.89 on Friday. The company has a market cap of $24,530.00, a P/E ratio of 19.27, a PEG ratio of 8.75 and a beta of 0.03. Consolidated Edison, Inc. has a 12-month low of $72.63 and a 12-month high of $89.70. The company has a quick ratio of 0.70, a current ratio of 0.79 and a debt-to-equity ratio of 0.97.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 14th will be given a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 3.72%. This is a boost from Consolidated Edison’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Tuesday, February 13th. Consolidated Edison’s dividend payout ratio is currently 69.17%.

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Consolidated Edison Company Profile

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), Con Edison Clean Energy Businesses, Inc (the Clean Energy Businesses) and Con Edison Transmission, Inc (Con Edison Transmission).

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Institutional Ownership by Quarter for Consolidated Edison (NYSE:ED)

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