-3.93 % to Target, Morgan Stanley Keeps ‘Underweight’ Rating on Consolidated Edison (NYSE:ED) Shares Today

February 14, 2018 - By Richard Conner

  3.93 % to Target, Morgan Stanley Keeps ‘Underweight’ Rating on Consolidated Edison (NYSE:ED) Shares Today

Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.04, from 1.12 in 2017Q2. It dropped, as 31 investors sold Consolidated Edison, Inc. shares while 224 reduced holdings. 60 funds opened positions while 215 raised stakes. 169.54 million shares or 1.03% more from 167.81 million shares in 2017Q2 were reported.

Tci Wealth Advsr reported 0.04% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). Public Employees Retirement System Of Ohio reported 0.06% stake. Grimes & invested 0.04% in Consolidated Edison, Inc. (NYSE:ED). Parametric Portfolio Assocs Limited holds 0.1% or 1.11 million shares in its portfolio. Los Angeles Cap Mngmt Equity Rech holds 0.01% in Consolidated Edison, Inc. (NYSE:ED) or 11,364 shares. Axa has 206,730 shares. Clearbridge Limited Co holds 0% or 20,064 shares. Bp Public Limited Company has invested 0.1% in Consolidated Edison, Inc. (NYSE:ED). Adirondack Research And Management reported 0.14% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). Amp Cap Invsts Ltd reported 234,126 shares. Conning reported 0.02% stake. Clifford Swan Inv Counsel Ltd Liability Corporation holds 0.06% of its portfolio in Consolidated Edison, Inc. (NYSE:ED) for 12,307 shares. 896 were reported by Plante Moran Fincl Ltd. Comml Bank Of Hawaii has 10,473 shares for 0.07% of their portfolio. San Francisco Sentry Investment Gru (Ca) has invested 0.01% in Consolidated Edison, Inc. (NYSE:ED).

Since August 23, 2017, it had 19 buys, and 1 insider sale for $100,922 activity. 7 shares were bought by OATES JOSEPH P, worth $566. $4,094 worth of stock was bought by Cawley Timothy on Sunday, December 31. Shares for $2,344 were bought by Sanchez Robert. Moore Elizabeth D bought $2,183 worth of stock or 27 shares. Ivey Craig S had bought 1 shares worth $87 on Sunday, December 31. HOGLUND ROBERT N bought $8,536 worth of Consolidated Edison, Inc. (NYSE:ED) on Sunday, December 31.

Consolidated Edison (NYSE:ED) Rating Reaffirmed

Consolidated Edison (NYSE:ED) just had their share rating of a ‘Underweight’ issued by research analysts at Morgan Stanley, who now has a $74 price target on the $23.89 billion market cap company or a -3.93 % downside potential. This key information was disclosed to clients in a note on Tuesday morning.

Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.04, from 1.12 in 2017Q2. It dropped, as 31 investors sold Consolidated Edison, Inc. shares while 224 reduced holdings. 60 funds opened positions while 215 raised stakes. 169.54 million shares or 1.03% more from 167.81 million shares in 2017Q2 were reported.

Tci Wealth Advsr reported 0.04% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). Public Employees Retirement System Of Ohio reported 0.06% stake. Grimes & invested 0.04% in Consolidated Edison, Inc. (NYSE:ED). Parametric Portfolio Assocs Limited holds 0.1% or 1.11 million shares in its portfolio. Los Angeles Cap Mngmt Equity Rech holds 0.01% in Consolidated Edison, Inc. (NYSE:ED) or 11,364 shares. Axa has 206,730 shares. Clearbridge Limited Co holds 0% or 20,064 shares. Bp Public Limited Company has invested 0.1% in Consolidated Edison, Inc. (NYSE:ED). Adirondack Research And Management reported 0.14% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). Amp Cap Invsts Ltd reported 234,126 shares. Conning reported 0.02% stake. Clifford Swan Inv Counsel Ltd Liability Corporation holds 0.06% of its portfolio in Consolidated Edison, Inc. (NYSE:ED) for 12,307 shares. 896 were reported by Plante Moran Fincl Ltd. Comml Bank Of Hawaii has 10,473 shares for 0.07% of their portfolio. San Francisco Sentry Investment Gru (Ca) has invested 0.01% in Consolidated Edison, Inc. (NYSE:ED).

Since August 23, 2017, it had 19 buys, and 1 insider sale for $100,922 activity. 7 shares were bought by OATES JOSEPH P, worth $566. $4,094 worth of stock was bought by Cawley Timothy on Sunday, December 31. Shares for $2,344 were bought by Sanchez Robert. Moore Elizabeth D bought $2,183 worth of stock or 27 shares. Ivey Craig S had bought 1 shares worth $87 on Sunday, December 31. HOGLUND ROBERT N bought $8,536 worth of Consolidated Edison, Inc. (NYSE:ED) on Sunday, December 31.

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

Among 17 analysts covering Con Edison (NYSE:ED), 1 have Buy rating, 6 Sell and 10 Hold. Therefore 6% are positive. Con Edison has $88.0 highest and $58 lowest target. $77.32’s average target is 0.38% above currents $77.03 stock price. Con Edison had 48 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Underweight” rating on Tuesday, February 13 by Morgan Stanley. The firm has “Hold” rating by Jefferies given on Wednesday, October 11. Goldman Sachs downgraded Consolidated Edison, Inc. (NYSE:ED) on Monday, October 19 to “Sell” rating. Barclays Capital maintained it with “Equal-Weight” rating and $77 target in Wednesday, September 21 report. Deutsche Bank upgraded the stock to “Hold” rating in Monday, October 24 report. Mizuho maintained it with “Neutral” rating and $66 target in Friday, September 18 report. The firm has “Underperform” rating by Evercore given on Tuesday, September 26. The stock of Consolidated Edison, Inc. (NYSE:ED) has “Underweight” rating given on Friday, September 8 by Morgan Stanley. The rating was maintained by Morgan Stanley with “Underweight” on Thursday, August 10. Mizuho initiated the stock with “Neutral” rating in Wednesday, July 29 report.

The stock increased 0.45% or $0.35 during the last trading session, reaching $77.03. About 2.19M shares traded or 8.23% up from the average. Consolidated Edison, Inc. (NYSE:ED) has risen 11.89% since February 14, 2017 and is uptrending. It has underperformed by 4.81% the S&P500.

Analysts await Consolidated Edison, Inc. (NYSE:ED) to report earnings on February, 15. They expect $0.75 EPS, up 8.70 % or $0.06 from last year’s $0.69 per share. ED’s profit will be $232.56 million for 25.68 P/E if the $0.75 EPS becomes a reality. After $1.47 actual EPS reported by Consolidated Edison, Inc. for the previous quarter, Wall Street now forecasts -48.98 % negative EPS growth.

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company has market cap of $23.89 billion. The firm offers electric services to approximately 3.4 million clients in New York City and Westchester County; gas to approximately 1.1 million clients in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,649 clients in parts of Manhattan. It has a 19.36 P/E ratio. It also supplies electricity to approximately 0.3 million clients in southeastern New York, and northern New Jersey; and gas to approximately 0.1 million clients in southeastern New York.

More notable recent Consolidated Edison, Inc. (NYSE:ED) news were published by: Globenewswire.com which released: “Con Edison to Report 2017 Earnings on February 15” on January 23, 2018, also Nasdaq.com with their article: “Consolidated Edison Inc (ED) Ex-Dividend Date Scheduled for February 13, 2018” published on February 12, 2018, Seekingalpha.com published: “Consolidated Edison: Great Utility, Very Bad Price” on January 18, 2018. More interesting news about Consolidated Edison, Inc. (NYSE:ED) were released by: Globenewswire.com and their article: “Con Edison Researchers Win Awards for Solar, Microgrid and Cyber Studies” published on February 13, 2018 as well as Seekingalpha.com‘s news article titled: “Consolidated Edison: A Regulated Monopoly With A Safe 3.67% Yield” with publication date: February 06, 2018.

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