Nomura Holdings Inc. Has $14.36 Million Stake in Consolidated Edison, Inc. (NYSE:ED)

Nomura Holdings Inc. lifted its holdings in shares of Consolidated Edison, Inc. (NYSE:ED) by 1,060.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,653 shares of the utilities provider’s stock after buying an additional 139,500 shares during the quarter. Nomura Holdings Inc.’s holdings in Consolidated Edison were worth $14,364,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Leavell Investment Management Inc. grew its position in shares of Consolidated Edison by 3.3% during the 3rd quarter. Leavell Investment Management Inc. now owns 3,470 shares of the utilities provider’s stock worth $328,000 after buying an additional 110 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Consolidated Edison by 4.1% during the second quarter. Integrated Wealth Concepts LLC now owns 2,912 shares of the utilities provider’s stock valued at $255,000 after purchasing an additional 115 shares during the period. Glenview State Bank Trust DEPT. grew its holdings in Consolidated Edison by 4.1% during the third quarter. Glenview State Bank Trust DEPT. now owns 2,935 shares of the utilities provider’s stock valued at $277,000 after purchasing an additional 115 shares during the period. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in Consolidated Edison by 2.7% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 4,380 shares of the utilities provider’s stock valued at $384,000 after purchasing an additional 116 shares during the period. Finally, Northern Oak Wealth Management Inc. grew its holdings in Consolidated Edison by 15.5% during the third quarter. Northern Oak Wealth Management Inc. now owns 929 shares of the utilities provider’s stock valued at $88,000 after purchasing an additional 125 shares during the period. Institutional investors own 59.94% of the company’s stock.

A number of research analysts recently issued reports on ED shares. Mizuho upgraded shares of Consolidated Edison from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $93.00 to $98.00 in a report on Friday, October 25th. Morgan Stanley decreased their price objective on shares of Consolidated Edison from $90.00 to $89.00 and set an “underweight” rating for the company in a report on Thursday, October 17th. Credit Suisse Group decreased their price objective on shares of Consolidated Edison from $90.00 to $89.00 and set an “underperform” rating for the company in a report on Tuesday, November 5th. KeyCorp boosted their price objective on shares of Consolidated Edison from $98.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Bank of America cut shares of Consolidated Edison from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $99.00 to $92.00 in a report on Thursday, November 14th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $91.51.

NYSE ED traded down $0.04 during trading on Thursday, reaching $87.55. 1,353,637 shares of the stock traded hands, compared to its average volume of 1,335,873. The firm has a market cap of $28.78 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 10.03 and a beta of 0.02. The stock’s 50-day moving average price is $88.42 and its 200 day moving average price is $88.90. The company has a quick ratio of 0.52, a current ratio of 0.58 and a debt-to-equity ratio of 1.01. Consolidated Edison, Inc. has a fifty-two week low of $73.29 and a fifty-two week high of $94.97.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($0.04). The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.50 billion. Consolidated Edison had a net margin of 10.98% and a return on equity of 7.92%. During the same quarter in the prior year, the firm posted $1.57 EPS. Analysts anticipate that Consolidated Edison, Inc. will post 4.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Wednesday, November 13th will be issued a $0.74 dividend. This represents a $2.96 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Tuesday, November 12th. Consolidated Edison’s dividend payout ratio (DPR) is presently 68.52%.

About Consolidated Edison

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 3.5 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 1,622 customers in parts of Manhattan.

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

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