Fintel reports that on October 9, 2024, Jefferies initiated coverage of Consolidated Edison (LSE:0I35) with a Hold recommendation.
Analyst Price Forecast Suggests 1.70% Downside
As of September 25, 2024, the average one-year price target for Consolidated Edison is 99.99 GBX/share. The forecasts range from a low of 82.78 GBX to a high of 114.39 GBX. The average price target represents a decrease of 1.70% from its latest reported closing price of 101.72 GBX / share.
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The projected annual revenue for Consolidated Edison is 15,566MM, an increase of 5.10%. The projected annual non-GAAP EPS is 5.34.
What is the Fund Sentiment?
There are 1,810 funds or institutions reporting positions in Consolidated Edison. This is an decrease of 3 owner(s) or 0.17% in the last quarter. Average portfolio weight of all funds dedicated to 0I35 is 0.19%, an increase of 6.58%. Total shares owned by institutions increased in the last three months by 6.13% to 250,262K shares.
What are Other Shareholders Doing?
Bank Of America holds 12,268K shares representing 3.54% ownership of the company. In its prior filing, the firm reported owning 11,888K shares , representing an increase of 3.10%. The firm decreased its portfolio allocation in 0I35 by 76.18% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 10,881K shares representing 3.14% ownership of the company. In its prior filing, the firm reported owning 10,853K shares , representing an increase of 0.26%. The firm decreased its portfolio allocation in 0I35 by 3.99% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 8,876K shares representing 2.56% ownership of the company. In its prior filing, the firm reported owning 8,703K shares , representing an increase of 1.95%. The firm decreased its portfolio allocation in 0I35 by 4.93% over the last quarter.
Geode Capital Management holds 8,747K shares representing 2.53% ownership of the company. In its prior filing, the firm reported owning 8,531K shares , representing an increase of 2.46%. The firm decreased its portfolio allocation in 0I35 by 4.21% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 7,389K shares representing 2.13% ownership of the company. In its prior filing, the firm reported owning 7,494K shares , representing a decrease of 1.42%. The firm increased its portfolio allocation in 0I35 by 0.23% over the last quarter.
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