Consolidated Edison, Inc. (NYSE:ED) – Investment analysts at Jefferies Group issued their Q1 2017 EPS estimates for Consolidated Edison in a research note issued on Thursday. Jefferies Group analyst A. Crowdell forecasts that the utilities provider will earn $1.15 per share for the quarter. Jefferies Group has a “Buy” rating and a $81.50 price target on the stock.

A number of other analysts have also weighed in on the stock. Deutsche Bank AG raised their price target on shares of Consolidated Edison from $72.00 to $74.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Barclays PLC set a $76.00 price objective on shares of Consolidated Edison and gave the company a “hold” rating in a research note on Saturday, February 18th. Credit Suisse Group AG assumed coverage on shares of Consolidated Edison in a research note on Wednesday, January 25th. They issued an “underperform” rating and a $68.00 price objective on the stock. Zacks Investment Research cut shares of Consolidated Edison from a “hold” rating to a “sell” rating in a research note on Wednesday, January 11th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $77.00 price objective on shares of Consolidated Edison in a research note on Wednesday, January 4th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $74.13.

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Shares of Consolidated Edison (NYSE:ED) opened at 78.28 on Friday. Consolidated Edison has a one year low of $68.76 and a one year high of $81.88. The company has a market capitalization of $23.88 billion, a price-to-earnings ratio of 19.00 and a beta of 0.02. The company has a 50-day moving average price of $77.55 and a 200 day moving average price of $74.14.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings data on Thursday, February 16th. The utilities provider reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. The firm earned $2.71 billion during the quarter, compared to analyst estimates of $2.74 billion. Consolidated Edison had a return on equity of 8.94% and a net margin of 10.06%. Consolidated Edison’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 17th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 3.53%. Consolidated Edison’s dividend payout ratio is 68.32%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Consolidated Edison during the third quarter valued at $3,533,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Consolidated Edison by 6.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 47,109 shares of the utilities provider’s stock worth $3,547,000 after buying an additional 2,758 shares during the last quarter. Rockland Trust Co. increased its position in shares of Consolidated Edison by 1.5% in the third quarter. Rockland Trust Co. now owns 49,834 shares of the utilities provider’s stock worth $3,753,000 after buying an additional 728 shares during the last quarter. Regal Investment Advisors LLC increased its position in shares of Consolidated Edison by 5.7% in the third quarter. Regal Investment Advisors LLC now owns 51,797 shares of the utilities provider’s stock worth $3,900,000 after buying an additional 2,801 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Consolidated Edison by 4.8% in the third quarter. Great West Life Assurance Co. Can now owns 601,619 shares of the utilities provider’s stock worth $45,266,000 after buying an additional 27,444 shares during the last quarter. Hedge funds and other institutional investors own 53.92% of the company’s stock.

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).

5 Day Chart for NYSE:ED

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