Pioneer Investment Management Has Trimmed Aetna (AET) Stake By $118.79 Million; 0 Analysts Bullish Consolidated Edison, Inc. (ED)

August 10, 2018 - By Alice Reed

Aetna Inc. (NYSE:AET) Logo

Among 5 analysts covering Consolidated Edison (NYSE:ED), 0 have Buy rating, 3 Sell and 2 Hold. Therefore 0 are positive. Consolidated Edison had 8 analyst reports since February 13, 2018 according to SRatingsIntel. Guggenheim maintained Consolidated Edison, Inc. (NYSE:ED) rating on Thursday, February 15. Guggenheim has “Hold” rating and $79.0 target. The stock of Consolidated Edison, Inc. (NYSE:ED) has “Underweight” rating given on Monday, July 16 by Morgan Stanley. The firm earned “Underweight” rating on Tuesday, April 10 by JP Morgan. Morgan Stanley maintained the shares of ED in report on Monday, April 16 with “Underweight” rating. As per Wednesday, June 13, the company rating was maintained by Morgan Stanley. As per Tuesday, February 13, the company rating was maintained by Morgan Stanley. See Consolidated Edison, Inc. (NYSE:ED) latest ratings:

24/07/2018 Broker: Howard Weil Rating: Sector Underperform Initiates Coverage On
16/07/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $71 New Target: $77 Maintain
10/07/2018 Broker: Barclays Capital Rating: Equal-Weight New Target: $81 Initiates Coverage On
13/06/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $75 New Target: $71 Maintain
16/04/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $74 New Target: $77 Maintain
10/04/2018 Broker: JP Morgan Old Rating: Underweight New Rating: Underweight Old Target: $75 New Target: $78 Maintain
15/02/2018 Broker: Guggenheim Rating: Hold New Target: $79.0 Maintain
13/02/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $80 New Target: $74 Maintain

Pioneer Investment Management Inc decreased Aetna Inc (AET) stake by 75.83% reported in 2018Q1 SEC filing. Pioneer Investment Management Inc sold 702,926 shares as Aetna Inc (AET)’s stock rose 1.59%. The Pioneer Investment Management Inc holds 224,022 shares with $37.86M value, down from 926,948 last quarter. Aetna Inc now has $63.53B valuation. The stock increased 0.23% or $0.44 during the last trading session, reaching $194.22. About 650,656 shares traded. Aetna Inc. (NYSE:AET) has risen 22.94% since August 10, 2017 and is uptrending. It has outperformed by 10.37% the S&P500. Some Historical AET News: 18/05/2018 – AETNA INC AET.N SETS QUARTERLY CASH DIVIDEND OF $0.50/SHR; 28/03/2018 – FDA’S GOTTLIEB LOOKING AT POLICIES TO STIMULATE BIOSIMILARS UPTAKE; 27/03/2018 – Aetna to Pass on Drug Rebates to Consumers; 02/05/2018 – CVS Health Still Sees Aetna Deal Closing in Second Half of 2018; 27/03/2018 – AETNA SAYS IT WILL START SHARING DRUG DISCOUNTS NEXT YEAR; 08/03/2018 – Rep. Crawford: Citing PBM Concerns, Crawford Urges Review of CVS/Aetna Merger; 25/05/2018 – LABCORP – CO, AETNA EXTENDED, EXPANDED EXISTING AGREEMENT, MAKING CO PREFERRED NATIONAL LABORATORY FOR SUBSTANTIALLY ALL AETNA MEMBERS FROM JAN 1, 2019; 02/05/2018 – CVS Suspends Buybacks While Aetna Megadeal Gets Antitrust Review; 08/03/2018 – TripleTree Advises Maestro Health in Its Acquisition by AXA; 27/03/2018 – AETNA ADDS OUT-OF-POCKET CAP TO MEDICARE PART D

Investors sentiment decreased to 0.68 in Q1 2018. Its down 0.15, from 0.83 in 2017Q4. It is negative, as 83 investors sold AET shares while 335 reduced holdings. 78 funds opened positions while 208 raised stakes. 269.52 million shares or 2.24% less from 275.71 million shares in 2017Q4 were reported. State Of Tennessee Treasury Department owns 164,777 shares or 0.14% of their US portfolio. 728,360 are held by Nomura. Private Tru Na holds 0.14% or 3,723 shares in its portfolio. Meeder Asset Mngmt has 18,370 shares for 0.29% of their portfolio. 10,434 are owned by Sumitomo Life Com. Pathstone Family Office Ltd Com accumulated 13,225 shares. Norinchukin Savings Bank The owns 0.08% invested in Aetna Inc. (NYSE:AET) for 29,959 shares. Lowe Brockenbrough And Com stated it has 1.4% of its portfolio in Aetna Inc. (NYSE:AET). Eaton Vance Mgmt has invested 0.41% in Aetna Inc. (NYSE:AET). 7,898 are held by Boston Common Asset Limited Liability Corporation. Fil Ltd accumulated 392,476 shares or 0.18% of the stock. Principal Financial Gru Inc holds 501,079 shares or 0.08% of its portfolio. Hillsdale Inv Mgmt has invested 0% of its portfolio in Aetna Inc. (NYSE:AET). Letko Brosseau Associates Inc, Quebec – Canada-based fund reported 2,700 shares. Fort Point Capital Prns Ltd Liability Corp has 2,228 shares for 0.1% of their portfolio.

Pioneer Investment Management Inc increased Clovis Oncology Inc (NASDAQ:CLVS) stake by 146,200 shares to 199,000 valued at $10.51 million in 2018Q1. It also upped Cit Group Inc (NYSE:CIT) stake by 76,485 shares and now owns 251,998 shares. Mcdonalds Corp (NYSE:MCD) was raised too.

Analysts await Aetna Inc. (NYSE:AET) to report earnings on October, 30. They expect $2.85 EPS, up 16.33% or $0.40 from last year’s $2.45 per share. AET’s profit will be $932.23 million for 17.04 P/E if the $2.85 EPS becomes a reality. After $3.43 actual EPS reported by Aetna Inc. for the previous quarter, Wall Street now forecasts -16.91% negative EPS growth.

Among 3 analysts covering Aetna Inc (NYSE:AET), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Aetna Inc had 4 analyst reports since April 12, 2018 according to SRatingsIntel. Cantor Fitzgerald upgraded it to “Buy” rating and $20200 target in Tuesday, May 1 report. The stock of Aetna Inc. (NYSE:AET) has “Buy” rating given on Monday, June 11 by Cantor Fitzgerald. Credit Suisse maintained the shares of AET in report on Monday, May 14 with “Neutral” rating. The firm earned “Hold” rating on Thursday, April 12 by Jefferies.

Investors sentiment decreased to 0.89 in Q1 2018. Its down 0.17, from 1.06 in 2017Q4. It is negative, as 51 investors sold Consolidated Edison, Inc. shares while 247 reduced holdings. 74 funds opened positions while 192 raised stakes. 173.02 million shares or 2.20% more from 169.29 million shares in 2017Q4 were reported. Johnson Fincl Inc accumulated 19,532 shares. Hancock Hldgs invested in 0.06% or 17,961 shares. Geller Advsrs Ltd Liability Company holds 0.22% or 5,735 shares in its portfolio. Apg Asset Mgmt Nv reported 0.45% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). Community Natl Bank Na invested in 8,271 shares. British Columbia Invest Mgmt owns 0.11% invested in Consolidated Edison, Inc. (NYSE:ED) for 190,043 shares. Bridgewater Associate Lp holds 0.01% or 7,850 shares in its portfolio. Farmers Retail Bank invested 0.37% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). Pinnacle Associate Limited has invested 0.04% in Consolidated Edison, Inc. (NYSE:ED). Philadelphia Com reported 0.04% stake. Hartford Financial stated it has 0% in Consolidated Edison, Inc. (NYSE:ED). Waters Parkerson And Llc owns 3,573 shares. State Bank Of New York Mellon owns 2.95 million shares for 0.06% of their portfolio. Manchester Cap Mgmt Llc stated it has 52 shares or 0% of all its holdings. Mariner Limited Liability Co invested 0.01% of its portfolio in Consolidated Edison, Inc. (NYSE:ED).

Since February 28, 2018, it had 44 insider purchases, and 1 sale for $137,006 activity. OATES JOSEPH P also bought $736 worth of Consolidated Edison, Inc. (NYSE:ED) on Saturday, June 30. 27 Consolidated Edison, Inc. (NYSE:ED) shares with value of $2,105 were bought by Nadkarni Gurudatta D. On Saturday, June 30 the insider Sanchez Robert bought $3,901. $3,967 worth of Consolidated Edison, Inc. (NYSE:ED) was bought by Shukla Saumil P on Saturday, March 31. Another trade for 29 shares valued at $2,225 was bought by Moore Elizabeth D. On Wednesday, February 28 Cawley Timothy bought $2,306 worth of Consolidated Edison, Inc. (NYSE:ED) or 30 shares. 1 shares valued at $76 were bought by RESHESKE FRANCES on Saturday, March 31.

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company has market cap of $24.53 billion. The firm offers electric services to approximately 3.4 million clients in New York City and Westchester County; gas to approximately 1.1 million clients in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,649 clients in parts of Manhattan. It has a 15.55 P/E ratio. It also supplies electricity to approximately 0.3 million clients in southeastern New York, and northern New Jersey; and gas to approximately 0.1 million clients in southeastern New York.

The stock decreased 0.11% or $0.09 during the last trading session, reaching $78.86. About 525,434 shares traded. Consolidated Edison, Inc. (NYSE:ED) has declined 7.47% since August 10, 2017 and is downtrending. It has underperformed by 20.04% the S&P500. Some Historical ED News: 24/05/2018 – Con Edison’s $1.5B Investment and Technology Get Delivery Systems Ready for Summer; 10/04/2018 – CONSOLIDATED EDISON INC ED.N : JP MORGAN RAISES TARGET PRICE TO $78 FROM $75; 07/05/2018 – NEW DEAL: Consolidated Edison $Benchmark 10Y, 40Y; 23/04/2018 – CONSOLIDATED EDISON INC ED.N : UBS RAISES TARGET PRICE TO $79 FROM $77; 03/05/2018 – CONSOLIDATED EDISON INC – QTRLY SHR $1.38; 03/05/2018 – Consolidated Edison 1Q Rev $3.36B; 03/05/2018 – CONSOLIDATED EDISON INC ED.N FY2018 SHR VIEW $4.26 — THOMSON REUTERS l/B/E/S; 29/05/2018 – U.S. Army pulls Mountain Valley natgas pipeline permit in W. Virginia; 12/04/2018 – EPRI Announces Changes to Board of Directors; 03/05/2018 – CONSOLIDATED EDISON INC – QTRLY TOTAL OPERATING REVENUES $3,364 MLN VS $3,228 MLN

More news for Consolidated Edison, Inc. (NYSE:ED) were recently published by: Seekingalpha.com, which released: “Stay Away From Coal Stocks – Cramer’s Lightning Round (8/9/18)” on August 10, 2018. Globenewswire.com‘s article titled: “Con Edison Reports 2018 Second Quarter Earnings” and published on August 02, 2018 is yet another important article.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts