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Institutional investors influence Consolidated Edison's stock

Published 11/07/2023, 09:36 PM
Updated 11/07/2023, 09:36 PM
© Reuters.

Consolidated Edison (NYSE:ED), Inc.'s stock price has been observed to be sensitive to the trading activities of institutional investors, including BlackRock (NYSE:BLK), Inc., who collectively own a significant 67% of shares. This information comes in the light of recent gains of 3.5% and a one-year return of 7%. Despite these gains, the company faces potential risks such as a significant price drop if two institutions simultaneously decide to sell their shares.

The ownership structure of Consolidated Edison is widespread, with the top 25 shareholders not forming a dominant entity. The insiders, including board members, own less than 1% of the company, holding US$20m worth of shares. Their recent trading activities have been noted for their potential influence on the company's stock price.

The general public, primarily consisting of individual investors, owns a substantial 33% of the company, exerting some influence over its operations. Analysts have identified four warning signs for the company and have provided forecasts for its future performance. The past earnings trajectory of Consolidated Edison is also considered an important factor in its evaluation.

Interestingly, hedge funds hold limited shares in the company. The aggregate view of shareholders plays a significant role in shaping the company's direction. As such, the actions and decisions of these shareholders may significantly impact the future performance and direction of Consolidated Edison.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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