Key Analysts at Jefferies Maintained their ‘”Hold”’ rating for Con Edison (NYSE:ED) Shares Today. Their TP is Set to $83.5000

July 26, 2017 - By Marguerite Chambers

 Key Analysts at Jefferies Maintained their ‘

Investors sentiment decreased to 1.03 in Q4 2016. Its down 0.02, from 1.05 in 2016Q3. It fall, as 53 investors sold Consolidated Edison, Inc. shares while 225 reduced holdings. 55 funds opened positions while 231 raised stakes. 162.74 million shares or 3.26% more from 157.60 million shares in 2016Q3 were reported.

Alpha Windward Limited Co accumulated 3,194 shares. Putnam Invests Ltd Llc has invested 0% in Consolidated Edison, Inc. (NYSE:ED). Murphy Cap Management invested in 0.34% or 29,641 shares. Mercer Capital Advisers Incorporated reported 0.06% in Consolidated Edison, Inc. (NYSE:ED). Wedgewood Ptnrs invested in 12,900 shares or 0.02% of the stock. 4,200 were accumulated by Sabal Trust. Whitnell & Communication invested 0.03% in Consolidated Edison, Inc. (NYSE:ED). Telos Capital Management holds 0.1% or 3,200 shares in its portfolio. Synovus Financial accumulated 18,233 shares or 0.03% of the stock. Farmers Bancshares stated it has 0.39% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). Lucas Cap Mngmt holds 4,599 shares. Blackrock Japan Ltd has invested 0.12% in Consolidated Edison, Inc. (NYSE:ED). Amalgamated Comml Bank, a New York-based fund reported 20,190 shares. Geller Family Office Services Limited Liability Co holds 6,035 shares. Ibm Retirement Fund owns 28,609 shares or 0.09% of their US portfolio.

Since January 31, 2017, it had 45 insider purchases, and 0 selling transactions for $178,676 activity. On Sunday, April 30 McAvoy John bought $2,277 worth of Consolidated Edison, Inc. (NYSE:ED) or 29 shares. On Sunday, April 30 Moore Elizabeth D bought $2,199 worth of Consolidated Edison, Inc. (NYSE:ED) or 28 shares. On Sunday, April 30 Nadkarni Gurudatta D bought $2,042 worth of Consolidated Edison, Inc. (NYSE:ED) or 26 shares. Another trade for 82 shares valued at $6,334 was bought by Muccilo Robert. $77 worth of Consolidated Edison, Inc. (NYSE:ED) was bought by RESHESKE FRANCES. The insider Shukla Saumil P bought $3,708. Sanchez Robert bought 25 shares worth $1,963.

Con Edison (NYSE:ED) Rating Reaffirmed

New York: In analysts report sent to clients and investors on 19 July, Jefferies reiterated their “Hold” rating on Con Edison (NYSE:ED) shares. They now have a $83.5000 target price per share on the firm. Jefferies’s target suggests a potential upside of 2.44 % from the company’s last stock close price.

Investors sentiment decreased to 1.03 in Q4 2016. Its down 0.02, from 1.05 in 2016Q3. It fall, as 53 investors sold Consolidated Edison, Inc. shares while 225 reduced holdings. 55 funds opened positions while 231 raised stakes. 162.74 million shares or 3.26% more from 157.60 million shares in 2016Q3 were reported.

Alpha Windward Limited Co accumulated 3,194 shares. Putnam Invests Ltd Llc has invested 0% in Consolidated Edison, Inc. (NYSE:ED). Murphy Cap Management invested in 0.34% or 29,641 shares. Mercer Capital Advisers Incorporated reported 0.06% in Consolidated Edison, Inc. (NYSE:ED). Wedgewood Ptnrs invested in 12,900 shares or 0.02% of the stock. 4,200 were accumulated by Sabal Trust. Whitnell & Communication invested 0.03% in Consolidated Edison, Inc. (NYSE:ED). Telos Capital Management holds 0.1% or 3,200 shares in its portfolio. Synovus Financial accumulated 18,233 shares or 0.03% of the stock. Farmers Bancshares stated it has 0.39% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). Lucas Cap Mngmt holds 4,599 shares. Blackrock Japan Ltd has invested 0.12% in Consolidated Edison, Inc. (NYSE:ED). Amalgamated Comml Bank, a New York-based fund reported 20,190 shares. Geller Family Office Services Limited Liability Co holds 6,035 shares. Ibm Retirement Fund owns 28,609 shares or 0.09% of their US portfolio.

Since January 31, 2017, it had 45 insider purchases, and 0 selling transactions for $178,676 activity. On Sunday, April 30 McAvoy John bought $2,277 worth of Consolidated Edison, Inc. (NYSE:ED) or 29 shares. On Sunday, April 30 Moore Elizabeth D bought $2,199 worth of Consolidated Edison, Inc. (NYSE:ED) or 28 shares. On Sunday, April 30 Nadkarni Gurudatta D bought $2,042 worth of Consolidated Edison, Inc. (NYSE:ED) or 26 shares. Another trade for 82 shares valued at $6,334 was bought by Muccilo Robert. $77 worth of Consolidated Edison, Inc. (NYSE:ED) was bought by RESHESKE FRANCES. The insider Shukla Saumil P bought $3,708. Sanchez Robert bought 25 shares worth $1,963.

Consolidated Edison, Inc. (NYSE:ED) Ratings Coverage

Among 11 analysts covering Con Edison (NYSE:ED), 1 have Buy rating, 3 Sell and 7 Hold. Therefore 9% are positive. Con Edison has $83.5000 highest and $58 lowest target. $73.65’s average target is -9.64% below currents $81.51 stock price. Con Edison had 31 analyst reports since July 29, 2015 according to SRatingsIntel. Deutsche Bank upgraded Consolidated Edison, Inc. (NYSE:ED) rating on Monday, December 14. Deutsche Bank has “Hold” rating and $62 target. RBC Capital Markets maintained the shares of ED in report on Sunday, July 23 with “Hold” rating. On Monday, February 22 the stock rating was maintained by UBS with “Sell”. Goldman Sachs maintained it with “Sell” rating and $70 target in Wednesday, September 14 report. The stock of Consolidated Edison, Inc. (NYSE:ED) earned “Hold” rating by Jefferies on Tuesday, June 13. Jefferies upgraded the stock to “Buy” rating in Wednesday, September 14 report. On Friday, August 28 the stock rating was downgraded by Argus Research to “Buy”. BMO Capital Markets maintained Consolidated Edison, Inc. (NYSE:ED) on Monday, August 10 with “Market Perform” rating. The stock has “Neutral” rating by Mizuho on Wednesday, July 29. As per Monday, August 10, the company rating was maintained by Deutsche Bank.

It closed at $81.51 lastly. It is down 11.89% since July 26, 2016 and is uptrending. It has underperformed by 4.81% the S&P500.

Analysts expect Consolidated Edison, Inc. (NYSE:ED) to report $0.58 EPS on August, 3.They anticipate $0.19 EPS change or 24.68 % from last quarter’s $0.77 EPS. ED’s profit would be $175.76 million giving it 35.13 P/E if the $0.58 EPS is correct. After having $1.27 EPS previously, Consolidated Edison, Inc.’s analysts see -54.33 % EPS growth.

Consolidated Edison, Inc. is a holding company. The company has market cap of $24.70 billion. The Firm 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). It has a 18.78 P/E ratio. CECONY’s principal business are its regulated electric, gas and steam delivery businesses.

More important recent Consolidated Edison, Inc. (NYSE:ED) news were published by: Seekingalpha.com which released: “Consolidated Edison: DGI Favorite, But Overpriced” on June 30, 2017, also Globenewswire.com published article titled: “Con Edison to Report 2nd Quarter 2017 Earnings on August 3”, Businesswire.com published: “Con Edison Appoints Havas New York as Lead Agency” on July 18, 2017. More interesting news about Consolidated Edison, Inc. (NYSE:ED) was released by: Nasdaq.com and their article: “Iberiabank Corp Buys Consolidated Edison Inc, Philip Morris International Inc …” with publication date: July 11, 2017.

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