Apg Asset Management Nv Maintains Stake in Consolidated Edison INC (ED)

April 17, 2018 - By Michael Collier

Investors sentiment decreased to 1.06 in 2017 Q4. Its down 0.02, from 1.08 in 2017Q3. It dropped, as 41 investors sold ED shares while 213 reduced holdings. 63 funds opened positions while 207 raised stakes. 169.29 million shares or 0.15% less from 169.54 million shares in 2017Q3 were reported. Engineers Gate Manager LP invested 0.1% in Consolidated Edison, Inc. (NYSE:ED). Ameritas Investment Ptnrs owns 0.06% invested in Consolidated Edison, Inc. (NYSE:ED) for 15,454 shares. Fiduciary Com owns 3,459 shares for 0.01% of their portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt reported 0.03% stake. Iowa National Bank & Trust stated it has 0.52% in Consolidated Edison, Inc. (NYSE:ED). First Fincl Corporation In holds 2,068 shares. Fincl & Inv Group has invested 0.23% in Consolidated Edison, Inc. (NYSE:ED). The Virginia-based Virginia Retirement Sys Et Al has invested 0.19% in Consolidated Edison, Inc. (NYSE:ED). Murphy Capital owns 24,127 shares. Bnp Paribas Asset Management Holdings Sa stated it has 14,562 shares or 0.01% of all its holdings. Chicago Equity Prns Ltd Com holds 0.01% or 2,620 shares. New York State Common Retirement Fund holds 0.08% in Consolidated Edison, Inc. (NYSE:ED) or 810,300 shares. Sg Americas Lc reported 76,105 shares. Prudential holds 0.05% or 457,398 shares in its portfolio. 3,943 are held by Essex.

Since December 31, 2017, it had 37 insider purchases, and 1 sale for $118,653 activity. Shares for $2,344 were bought by McAvoy John. Shares for $566 were bought by OATES JOSEPH P on Wednesday, January 31. Another trade for 27 shares valued at $2,183 was bought by Moore Elizabeth D. Ivey Craig S also sold $685 worth of Consolidated Edison, Inc. (NYSE:ED) shares. The insider Nadkarni Gurudatta D bought $6,707. 29 Consolidated Edison, Inc. (NYSE:ED) shares with value of $2,344 were bought by HOGLUND ROBERT N.

Apg Asset Management Nv increased its stake in Consolidated Edison Inc (ED) by 28.44% based on its latest 2017Q4 regulatory filing with the SEC. Apg Asset Management Nv bought 1.15 million shares as the company’s stock declined 8.41% with the market. The institutional investor held 5.21 million shares of the power generation company at the end of 2017Q4, valued at $368.52M, up from 4.06M at the end of the previous reported quarter. Apg Asset Management Nv who had been investing in Consolidated Edison Inc for a number of months, seems to be bullish on the $24.37B market cap company. The stock increased 0.86% or $0.67 during the last trading session, reaching $78.46. About 1.15 million shares traded. Consolidated Edison, Inc. (NYSE:ED) has declined 1.18% since April 17, 2017 and is downtrending. It has underperformed by 12.73% the S&P500.

Apg Asset Management Nv, which manages about $54.61 billion US Long portfolio, decreased its stake in Bank Amer Corp (NYSE:BAC) by 2.50 million shares to 26.47 million shares, valued at $650.72M in 2017Q4, according to the filing. It also reduced its holding in Adobe Sys Inc (NASDAQ:ADBE) by 74,942 shares in the quarter, leaving it with 576,440 shares, and cut its stake in Aetna Inc New (NYSE:AET).

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

Among 7 analysts covering Con Edison (NYSE:ED), 0 have Buy rating, 3 Sell and 4 Hold. Therefore 0 are positive. Con Edison had 12 analyst reports since October 18, 2017 according to SRatingsIntel. RBC Capital Markets maintained Consolidated Edison, Inc. (NYSE:ED) rating on Sunday, November 5. RBC Capital Markets has “Hold” rating and $78.0 target. Guggenheim maintained Consolidated Edison, Inc. (NYSE:ED) on Tuesday, January 2 with “Hold” rating. As per Friday, January 12, the company rating was initiated by J.P. Morgan. The stock of Consolidated Edison, Inc. (NYSE:ED) earned “Hold” rating by Guggenheim on Thursday, February 15. As per Tuesday, February 13, the company rating was maintained by Morgan Stanley. The company was maintained on Wednesday, October 18 by KeyBanc Capital Markets. RBC Capital Markets maintained the shares of ED in report on Thursday, February 1 with “Hold” rating. The company was maintained on Monday, November 13 by Morgan Stanley. JP Morgan maintained it with “Underweight” rating and $78 target in Tuesday, April 10 report. The stock has “Underweight” rating by Morgan Stanley on Monday, April 16.

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

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