denkapparat Operations GmbH Has $332,000 Stock Holdings in Consolidated Edison Inc $ED

denkapparat Operations GmbH reduced its stake in shares of Consolidated Edison Inc (NYSE:ED) by 63.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,304 shares of the utilities provider’s stock after selling 5,654 shares during the quarter. denkapparat Operations GmbH’s holdings in Consolidated Edison were worth $332,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Salomon & Ludwin LLC grew its stake in Consolidated Edison by 270.4% during the third quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock worth $30,000 after buying an additional 219 shares in the last quarter. Bogart Wealth LLC lifted its holdings in shares of Consolidated Edison by 886.5% during the 2nd quarter. Bogart Wealth LLC now owns 365 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 328 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Consolidated Edison during the 3rd quarter worth approximately $38,000. True Wealth Design LLC increased its stake in Consolidated Edison by 392.1% in the third quarter. True Wealth Design LLC now owns 497 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 396 shares during the last quarter. Finally, Webster Bank N. A. increased its stake in Consolidated Edison by 67.8% in the third quarter. Webster Bank N. A. now owns 495 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 66.29% of the company’s stock.

Analyst Ratings Changes

ED has been the topic of a number of research analyst reports. Barclays reduced their target price on Consolidated Edison from $101.00 to $100.00 and set an “underweight” rating on the stock in a report on Thursday, January 22nd. TD Cowen began coverage on Consolidated Edison in a research note on Friday, January 9th. They issued a “hold” rating and a $105.00 price objective on the stock. Wells Fargo & Company lowered their target price on Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. KeyCorp reduced their price target on shares of Consolidated Edison from $90.00 to $86.00 and set an “underweight” rating on the stock in a research note on Friday, December 12th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $118.00 price target on shares of Consolidated Edison in a report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $104.20.

Consolidated Edison Stock Performance

Consolidated Edison stock opened at $113.59 on Tuesday. The business has a 50 day moving average of $102.53 and a 200-day moving average of $100.66. The company has a market capitalization of $41.00 billion, a P/E ratio of 19.86, a P/E/G ratio of 3.10 and a beta of 0.38. Consolidated Edison Inc has a 1 year low of $94.50 and a 1 year high of $114.87. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.08 and a quick ratio of 0.97.

Consolidated Edison Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Wednesday, February 18th will be paid a $0.8875 dividend. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.85. This represents a $3.55 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, February 18th. Consolidated Edison’s payout ratio is presently 59.44%.

Insiders Place Their Bets

In other Consolidated Edison news, Director John F. Killian sold 2,276 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $96.89, for a total value of $220,521.64. Following the sale, the director owned 38,661 shares in the company, valued at approximately $3,745,864.29. The trade was a 5.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.17% of the stock is owned by insiders.

Consolidated Edison Profile

Consolidated Edison, Inc, commonly known as Con Edison, is an investor-owned energy company that primarily delivers electricity, natural gas and steam to customers in the New York metropolitan area. Its regulated utility operations include the distribution and transmission of electric power, the distribution of natural gas, and the operation of one of the largest district steam systems in the United States, serving commercial, institutional and residential customers in New York City and nearby counties.

The company operates through regulated utility subsidiaries that serve urban and suburban service territories, together with non-utility businesses that develop, own and manage energy infrastructure and clean energy projects.