Savant Capital LLC lifted its stake in shares of Consolidated Edison, Inc. (NYSE:ED) by 32.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,461 shares of the utilities provider’s stock after buying an additional 1,831 shares during the quarter. Savant Capital LLC’s holdings in Consolidated Edison were worth $570,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ED. Vanguard Group Inc increased its stake in Consolidated Edison by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 23,911,264 shares of the utilities provider’s stock valued at $1,821,799,000 after buying an additional 356,339 shares during the period. Paloma Partners Management Co grew its stake in shares of Consolidated Edison by 581.8% during the 3rd quarter. Paloma Partners Management Co now owns 10,035 shares of the utilities provider’s stock worth $765,000 after purchasing an additional 12,118 shares during the period. Man Group plc grew its stake in shares of Consolidated Edison by 10.6% during the 3rd quarter. Man Group plc now owns 177,540 shares of the utilities provider’s stock worth $13,528,000 after purchasing an additional 17,038 shares during the period. GM Advisory Group Inc. grew its stake in shares of Consolidated Edison by 21.7% during the 3rd quarter. GM Advisory Group Inc. now owns 5,599 shares of the utilities provider’s stock worth $427,000 after purchasing an additional 1,000 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Consolidated Edison by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 23,911,264 shares of the utilities provider’s stock worth $1,821,799,000 after purchasing an additional 356,339 shares during the period. Institutional investors and hedge funds own 58.76% of the company’s stock.

Consolidated Edison stock opened at $78.93 on Monday. Consolidated Edison, Inc. has a 52 week low of $71.12 and a 52 week high of $84.32. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.56 and a current ratio of 0.62. The stock has a market capitalization of $24.58 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 6.09 and a beta of 0.12.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Wednesday, February 13th will be given a $0.74 dividend. The ex-dividend date of this dividend is Tuesday, February 12th. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.72. This represents a $2.96 annualized dividend and a dividend yield of 3.75%. Consolidated Edison’s payout ratio is currently 69.93%.

A number of research firms have recently weighed in on ED. Citigroup upped their price target on shares of Consolidated Edison from $79.00 to $80.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 16th. Barclays upped their price target on shares of Consolidated Edison from $79.00 to $83.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. ValuEngine raised shares of Consolidated Edison from a “hold” rating to a “buy” rating in a research note on Wednesday, December 5th. Zacks Investment Research cut shares of Consolidated Edison from a “hold” rating to a “sell” rating in a research note on Monday, January 14th. Finally, Goldman Sachs Group raised shares of Consolidated Edison from a “sell” rating to a “neutral” rating and upped their price target for the stock from $72.00 to $73.00 in a research note on Monday, November 5th. Five equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Consolidated Edison has an average rating of “Hold” and a consensus price target of $76.30.

TRADEMARK VIOLATION WARNING: “Consolidated Edison, Inc. (ED) Stake Increased by Savant Capital LLC” was first reported by Watch List News and is owned by of Watch List News. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://www.watchlistnews.com/consolidated-edison-inc-ed-stake-increased-by-savant-capital-llc/2812940.html.

Consolidated Edison Profile

Consolidated Edison, Inc, through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.4 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,600 customers in parts of Manhattan.

Featured Article: Futures Contract

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

Receive News & Ratings for Consolidated Edison Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated Edison and related companies with MarketBeat.com's FREE daily email newsletter.