LNZ Capital LP Invests $19955000 in Consolidated Edison Inc (ED)
- Author: Zachary Reyes Feb 11, 2017,
Feb 11, 2017, 3:44
On Sep 16 Edison International (NYSE:EIX) reported its EPS in the last quarter as $1.34/Share beating the analyst estimate of $1.27/Share by the difference of $0.07. Following the completion of the sale, the insider now directly owns 12,054 shares of the company's stock, valued at approximately $836,547.60. Consolidated Edison makes up about 2.0% of LNZ Capital LP's holdings, making the stock its 15th largest position. NYSE is measured to be 1.80% in conjunction with the 200-Day Simple Moving Average of 1.16%.
Consolidated Edison Last issued its quarterly earnings results on Nov 3, 2016. Benjamin F. Edwards & Company Inc. now owns 2,912 shares of the company's stock worth $210,000 after buying an additional 14 shares in the last quarter. BlackRock Fund Advisors raised its position in Consolidated Edison by 4.0% in the third quarter. The company had Year Ago Sales of 2.34 Billion.
Many Analysts provided their foresight on Revenue Estimates of Edison International where they believe that the company has the potential to earn average revenue of $3.49 Billion for the current quarter. The Stock now has a Weekly Volatility of 1.27% and Monthly Volatility of 1.15%.
Edison International (NYSE:EIX) traded up 0.29% on Thursday, hitting $74.98. During the trading on 02/08/2017, Company's stock ranged from $74.32 to $74.99. It has ranged in price between $73.59-$75.09 after having started the session at $73.7 as compared to the previous trading day's close of $73.05. This Utilities Sector stock now has the Market Capitalization of 22.72 Billion. Consolidated Edison Inc has a 1-year low of $68.44 and a 1-year high of $81.88.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. The ex-dividend date is Monday, February 13th.
TRADEMARK VIOLATION NOTICE: "LNZ Capital LP Invests $19,955,000 in Consolidated Edison Inc (ED)" was originally published by Sports Perspectives and is the property of of Sports Perspectives. The median estimate represents a 2.9% increase from the last price. Consolidated Edison's dividend payout ratio (DPR) is presently 66.34%. The consensus 12-month price target from analysts covering the stock is $77.88. If you are viewing this report on another site, it was stolen and republished in violation of United States and global copyright & trademark law. Wall Street is only getting more bullish on the stock, with 9 of analysts who cover KKR having a buy-equivalent rating. For comparison, there was a revenue of $2.44B and EPS of $0.82 in the March 2016 period.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Consolidated Edison was Initiated by Credit Suisse to Underperform on Jan 25, 2017. Russell Investments Group Ltd. purchased a new stake in shares of Consolidated Edison during the fourth quarter valued at about $39,832,000. Finally, Barclays PLC upped their target price on Edison International from $73.00 to $77.00 and gave the company an "equal weight" rating in a report on Friday, January 20th. The company's existing price is 74.9 with a change in volume of 342500.
In related news, insider Craig S. Ivey sold 3,974 shares of Consolidated Edison stock in a transaction dated Monday, December 12th. The share price has moved forward from its 20 days moving average, trading at a distance of 5.48% and stays 10.08% away from its 50 days moving average.
A number of other hedge funds have also bought and sold shares of the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 445 shares of company stock worth $31,861 over the last quarter.