As Consolidated Edison INC (ED) Stock Declined, Apg Asset Management Nv Has Raised Stake

April 17, 2018 - By Richard Conner

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. 14,201 were reported by Amer Svcs Incorporated. 2,559 were reported by Raab & Moskowitz Asset Limited Co. Gideon Cap Incorporated has 6,904 shares. & Invest Management Grp Limited holds 0.23% or 7,771 shares. Magellan Asset Mngmt Ltd invested in 203,984 shares or 0.06% of the stock. Vident Advisory Limited Liability Corp accumulated 20,651 shares or 0.08% of the stock. Payden & Rygel stated it has 1.34% in Consolidated Edison, Inc. (NYSE:ED). Rothschild Invest Corp Il holds 0.17% or 18,678 shares in its portfolio. Omers Administration reported 0.1% in Consolidated Edison, Inc. (NYSE:ED). Perigon Wealth Mngmt Limited Com stated it has 3,135 shares or 0.1% of all its holdings. Pennsylvania Tru has invested 0.02% in Consolidated Edison, Inc. (NYSE:ED). Bath Savings Trust holds 3,287 shares or 0.07% of its portfolio. North Star Investment Mgmt Corp, a Illinois-based fund reported 3,678 shares. Bessemer Gp Incorporated reported 18,045 shares. Quantres Asset Limited accumulated 0.77% or 14,300 shares.

Since December 31, 2017, it had 37 insider buys, and 1 insider sale for $118,653 activity. $76 worth of Consolidated Edison, Inc. (NYSE:ED) was bought by RESHESKE FRANCES. HOGLUND ROBERT N bought $8,536 worth of Consolidated Edison, Inc. (NYSE:ED) on Sunday, December 31. Nadkarni Gurudatta D bought $6,707 worth of Consolidated Edison, Inc. (NYSE:ED) on Sunday, December 31. 43 shares were bought by Sanchez Robert, worth $3,745 on Sunday, December 31. OATES JOSEPH P also bought $538 worth of Consolidated Edison, Inc. (NYSE:ED) shares. On Wednesday, February 28 Moore Elizabeth D bought $2,229 worth of Consolidated Edison, Inc. (NYSE:ED) or 29 shares.

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 1.15M shares as the company’s stock declined 8.41% with the market. The institutional investor held 5.21M shares of the power generation company at the end of 2017Q4, valued at $368.52M, up from 4.06 million 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 $24.37 billion 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 $54.61B US Long portfolio, decreased its stake in Idexx Labs Inc (NASDAQ:IDXX) by 87,900 shares to 127,300 shares, valued at $16.58 million in 2017Q4, according to the filing. It also reduced its holding in Carnival Corp (NYSE:CCL) by 1.03M shares in the quarter, leaving it with 1.28M shares, and cut its stake in Travelers Companies Inc (NYSE:TRV).

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 the shares of ED in report on Sunday, November 5 with “Hold” rating. The rating was maintained by KeyBanc Capital Markets on Wednesday, October 18 with “Hold”. The rating was maintained by JP Morgan with “Underweight” on Tuesday, April 10. Guggenheim maintained it with “Hold” rating and $88.0 target in Tuesday, January 2 report. The firm earned “Hold” rating on Thursday, February 1 by RBC Capital Markets. J.P. Morgan initiated Consolidated Edison, Inc. (NYSE:ED) rating on Friday, January 12. J.P. Morgan has “Sell” rating and $78.0 target. The company was maintained on Thursday, February 15 by Guggenheim. The stock of Consolidated Edison, Inc. (NYSE:ED) has “Underweight” rating given on Tuesday, February 13 by Morgan Stanley. Morgan Stanley maintained Consolidated Edison, Inc. (NYSE:ED) on Monday, November 13 with “Underweight” rating. The firm has “Underweight” rating by Morgan Stanley given on Monday, April 16.

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

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