Is there a Bearish outlook for Consolidated Edison, Inc. (NYSE:ED) this week?

July 16, 2018 - By Victoria Pittman

Investors sentiment decreased to 0.89 in Q1 2018. Its down 0.17, from 1.06 in 2017Q4. It turned negative, as 51 investors sold Consolidated Edison, Inc. shares while 247 reduced holdings. 74 funds opened positions while 192 raised stakes. 173.02 million shares or 2.20% more from 169.29 million shares in 2017Q4 were reported.
591,971 are owned by Rhumbline Advisers. Kings Point Capital Mgmt has 0.04% invested in Consolidated Edison, Inc. (NYSE:ED). Moreover, Nomura Asset Mgmt Company Limited has 0.13% invested in Consolidated Edison, Inc. (NYSE:ED) for 147,351 shares. Retirement Sys Of Alabama reported 148,283 shares or 0.06% of all its holdings. Comerica Bank reported 0.06% in Consolidated Edison, Inc. (NYSE:ED). Guardian Life Of America accumulated 0.01% or 713 shares. Private Trust Na reported 0.1% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). 2,368 were accumulated by Dupont Mngmt Corporation. Hudson Valley Investment Advisors Adv has 3,035 shares. Nordea Investment Mngmt Ab has 57,022 shares. The California-based Perigon Wealth Management Ltd Liability has invested 0.09% in Consolidated Edison, Inc. (NYSE:ED). Howe & Rusling Inc reported 1,139 shares. Fred Alger Mngmt holds 0% in Consolidated Edison, Inc. (NYSE:ED) or 74 shares. Commonwealth Bancorporation Of invested 0.03% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). Wealth Architects Lc invested in 0.19% or 7,220 shares.

Since January 31, 2018, it had 52 insider buys, and 1 sale for $153,254 activity. HOGLUND ROBERT N had bought 30 shares worth $2,339. 26 shares were bought by Muccilo Robert, worth $2,027. Cawley Timothy had bought 55 shares worth $4,196 on Saturday, March 31. Another trade for 91 shares valued at $6,942 was bought by Nadkarni Gurudatta D. OATES JOSEPH P had bought 7 shares worth $566. Shares for $4,120 were bought by Moore Elizabeth D on Saturday, March 31.

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

Among 6 analysts covering Con Edison (NYSE:ED), 0 have Buy rating, 2 Sell and 4 Hold. Therefore 0 are positive. Con Edison had 8 analyst reports since February 1, 2018 according to SRatingsIntel. Morgan Stanley maintained the shares of ED in report on Tuesday, February 13 with “Underweight” rating. The firm earned “Underweight” rating on Tuesday, April 10 by JP Morgan. The stock has “Underweight” rating by Morgan Stanley on Wednesday, June 13. The rating was maintained by Guggenheim with “Hold” on Thursday, February 15. Morgan Stanley maintained Consolidated Edison, Inc. (NYSE:ED) on Monday, April 16 with “Underweight” rating. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, February 1. Below is a list of Consolidated Edison, Inc. (NYSE:ED) latest ratings and price target changes.

10/07/2018 Broker: Barclays Capital Rating: Equal-Weight New Target: $81 Initiates Coverage On
13/06/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $75 New Target: $71 Maintain
16/04/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $74 New Target: $77 Maintain
10/04/2018 Broker: JP Morgan Old Rating: Underweight New Rating: Underweight Old Target: $75 New Target: $78 Maintain
15/02/2018 Broker: Guggenheim Rating: Hold New Target: $79.0 Maintain
13/02/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $80 New Target: $74 Maintain
02/02/2018 Broker: UBS Rating: Neutral New Target: $80 Initiates Coverage On
01/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $82.0 Maintain

The stock decreased 0.48% or $0.38 during the last trading session, reaching $79.08. About 392,269 shares traded. Consolidated Edison, Inc. (NYSE:ED) has declined 7.47% since July 16, 2017 and is downtrending. It has underperformed by 20.04% the S&P500.

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 $24.57 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 15.69 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 news for Consolidated Edison, Inc. (NYSE:ED) were recently published by: Fool.com, which released: “Why You Won’t Want to Miss This 7.2%-Yielding Dividend Stock” on July 16, 2018. Seekingalpha.com‘s article titled: “Bert’s Recent Buy – Consolidated Edison” and published on June 26, 2018 is yet another important article.

Consolidated Edison, Inc. (NYSE:ED) Institutional Positions Chart

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