Calamos Advisors LLC Purchases 10,433 Shares of Consolidated Edison Inc $ED

Calamos Advisors LLC grew its position in shares of Consolidated Edison Inc (NYSE:ED) by 9.9% during the first quarter, Holdings Channel reports. The fund owned 115,546 shares of the utilities provider’s stock after purchasing an additional 10,433 shares during the period. Calamos Advisors LLC’s holdings in Consolidated Edison were worth $13,077,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ED. Sachetta LLC lifted its stake in shares of Consolidated Edison by 72.9% in the 1st quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 102 shares during the period. JPL Wealth Management LLC bought a new stake in shares of Consolidated Edison during the third quarter valued at approximately $26,000. Basepoint Wealth LLC purchased a new stake in Consolidated Edison in the fourth quarter worth $26,000. Aventura Private Wealth LLC purchased a new stake in Consolidated Edison in the fourth quarter worth $27,000. Finally, Westfuller Advisors LLC bought a new position in Consolidated Edison in the fourth quarter worth $27,000. Institutional investors own 66.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on ED shares. The Goldman Sachs Group reissued a “sell” rating and set a $105.00 price objective on shares of Consolidated Edison in a research report on Thursday, May 14th. Morgan Stanley reaffirmed an “underweight” rating on shares of Consolidated Edison in a research report on Wednesday, June 24th. Evercore set a $116.00 price target on shares of Consolidated Edison in a research note on Monday, May 11th. Argus set a $112.00 price target on shares of Consolidated Edison in a research report on Tuesday, June 23rd. Finally, Weiss Ratings raised shares of Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, Consolidated Edison currently has a consensus rating of “Reduce” and a consensus target price of $108.07.

Consolidated Edison Trading Up 0.3%

Consolidated Edison stock opened at $112.11 on Wednesday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.19 and a quick ratio of 1.09. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $116.23. The stock has a market capitalization of $41.31 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 2.84 and a beta of 0.27. The business’s fifty day moving average is $108.18 and its 200 day moving average is $108.39.

Consolidated Edison Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.8875 per share. The ex-dividend date was Wednesday, May 13th. This represents a $3.55 annualized dividend and a yield of 3.2%. Consolidated Edison’s dividend payout ratio is currently 59.76%.

About Consolidated Edison

Consolidated Edison, Inc, commonly known as Con Edison, is an investor-owned energy company that primarily delivers electricity, natural gas and steam to customers in the New York metropolitan area. Its regulated utility operations include the distribution and transmission of electric power, the distribution of natural gas, and the operation of one of the largest district steam systems in the United States, serving commercial, institutional and residential customers in New York City and nearby counties.

The company operates through regulated utility subsidiaries that serve urban and suburban service territories, together with non-utility businesses that develop, own and manage energy infrastructure and clean energy projects.