Fidelis Capital Partners LLC Has $700,000 Stock Holdings in Consolidated Edison, Inc. (NYSE:ED)

Fidelis Capital Partners LLC increased its position in Consolidated Edison, Inc. (NYSE:ED) by 29.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,832 shares of the utilities provider’s stock after purchasing an additional 1,782 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Consolidated Edison were worth $700,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ED. Profund Advisors LLC lifted its holdings in Consolidated Edison by 48.3% during the 2nd quarter. Profund Advisors LLC now owns 19,097 shares of the utilities provider’s stock valued at $1,708,000 after purchasing an additional 6,217 shares during the last quarter. Clean Energy Transition LLP raised its position in shares of Consolidated Edison by 227.9% in the second quarter. Clean Energy Transition LLP now owns 897,553 shares of the utilities provider’s stock valued at $80,259,000 after purchasing an additional 623,787 shares during the period. Ensign Peak Advisors Inc lifted its stake in shares of Consolidated Edison by 27.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 127,183 shares of the utilities provider’s stock worth $11,373,000 after buying an additional 27,675 shares during the last quarter. Sompo Asset Management Co. Ltd. boosted its holdings in shares of Consolidated Edison by 23.2% during the 2nd quarter. Sompo Asset Management Co. Ltd. now owns 3,190 shares of the utilities provider’s stock worth $285,000 after buying an additional 600 shares during the period. Finally, Summit Trail Advisors LLC grew its stake in Consolidated Edison by 34.1% in the 2nd quarter. Summit Trail Advisors LLC now owns 23,951 shares of the utilities provider’s stock valued at $2,142,000 after buying an additional 6,092 shares during the last quarter. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ED shares. Argus upgraded Consolidated Edison to a “strong-buy” rating in a report on Friday, June 7th. UBS Group upped their price objective on Consolidated Edison from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Friday. Barclays lifted their target price on Consolidated Edison from $92.00 to $98.00 and gave the stock an “underweight” rating in a report on Monday, August 5th. Wells Fargo & Company boosted their target price on shares of Consolidated Edison from $97.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Finally, Mizuho raised their price target on shares of Consolidated Edison from $93.00 to $95.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Consolidated Edison presently has a consensus rating of “Hold” and a consensus target price of $93.42.

Consolidated Edison Stock Performance

Shares of NYSE:ED opened at $103.35 on Monday. Consolidated Edison, Inc. has a 1 year low of $80.46 and a 1 year high of $105.99. The stock has a market capitalization of $35.74 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 3.50 and a beta of 0.36. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.04 and a quick ratio of 0.97. The company’s 50 day simple moving average is $100.08 and its 200 day simple moving average is $94.69.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. Consolidated Edison had a return on equity of 8.67% and a net margin of 12.03%. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the company posted $0.61 EPS. As a group, research analysts predict that Consolidated Edison, Inc. will post 5.31 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Wednesday, August 14th. Consolidated Edison’s payout ratio is 63.72%.

Consolidated Edison Profile

Consolidated Edison, Inc, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 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 1,530 customers in parts of Manhattan.