Fulton Bank Cut Consolidated Edison (ED) Position By $940,716; Last Week Quanta Services, Inc. (PWR) Coverage

Quanta Services, Inc. (NYSE:PWR) Logo

Fulton Bank decreased Consolidated Edison Inc (ED) stake by 74.37% reported in 2017Q4 SEC filing. Fulton Bank sold 11,199 shares as Consolidated Edison Inc (ED)’s stock declined 8.41%. The Fulton Bank holds 3,860 shares with $328,000 value, down from 15,059 last quarter. Consolidated Edison Inc now has $24.19B valuation. The stock increased 0.49% or $0.38 during the last trading session, reaching $77.94. About 1.75M shares traded. Consolidated Edison, Inc. (NYSE:ED) has declined 1.18% since March 31, 2017 and is downtrending. It has underperformed by 12.73% the S&P500.

Among 15 analysts covering Quanta Services Inc. (NYSE:PWR), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Quanta Services Inc. had 51 analyst reports since August 6, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained Quanta Services, Inc. (NYSE:PWR) rating on Thursday, October 5. KeyBanc Capital Markets has “Buy” rating and $42.0 target. UBS downgraded the shares of PWR in report on Monday, February 8 to “Neutral” rating. Stifel Nicolaus reinitiated the shares of PWR in report on Tuesday, January 5 with “Hold” rating. The stock of Quanta Services, Inc. (NYSE:PWR) earned “Outperform” rating by FBR Capital on Monday, August 10. The stock has “Neutral” rating by Robert W. Baird on Friday, November 3. Stifel Nicolaus upgraded Quanta Services, Inc. (NYSE:PWR) on Friday, August 5 to “Buy” rating. The firm earned “Buy” rating on Friday, August 4 by Johnson Rice. The stock of Quanta Services, Inc. (NYSE:PWR) has “Buy” rating given on Friday, August 18 by Citigroup. The rating was downgraded by BB&T Capital to “Hold” on Friday, October 2. Maxim Group maintained Quanta Services, Inc. (NYSE:PWR) rating on Thursday, August 6. Maxim Group has “Buy” rating and $32 target. See Quanta Services, Inc. (NYSE:PWR) latest ratings:

26/02/2018 Broker: FBR Capital Rating: Buy New Target: $48.0 Maintain
22/02/2018 Broker: Robert W. Baird Rating: Hold New Target: $43.0 Maintain
23/02/2018 Broker: Alembic Rating: Buy New Target: $44.5
23/02/2018 Broker: Credit Suisse Rating: Outperform Old Target: $46 New Target: $42 Maintain
23/02/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Overweight Old Target: $46 New Target: $49 Maintain
06/02/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $47 New Target: $53 Maintain
31/01/2018 Broker: Stephens Rating: Buy New Target: $49.0 Maintain
26/01/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $45.0 Maintain
03/01/2018 Broker: Robert W. Baird Rating: Hold New Target: $42.0 Maintain
10/12/2017 Broker: Stifel Nicolaus Rating: Buy New Target: $47.0 Maintain

Among 17 analysts covering Con Edison (NYSE:ED), 1 have Buy rating, 6 Sell and 10 Hold. Therefore 6% are positive. Con Edison has $88.0 highest and $58 lowest target. $76.68’s average target is -1.62% below currents $77.94 stock price. Con Edison had 49 analyst reports since July 29, 2015 according to SRatingsIntel. As per Monday, October 24, the company rating was upgraded by Deutsche Bank. The rating was maintained by UBS with “Sell” on Monday, February 22. The rating was downgraded by Goldman Sachs to “Sell” on Monday, October 19. The stock of Consolidated Edison, Inc. (NYSE:ED) earned “Hold” rating by RBC Capital Markets on Sunday, July 23. Mizuho maintained Consolidated Edison, Inc. (NYSE:ED) rating on Thursday, May 12. Mizuho has “Neutral” rating and $72 target. The stock of Consolidated Edison, Inc. (NYSE:ED) earned “Buy” rating by Jefferies on Wednesday, September 14. As per Wednesday, September 14, the company rating was maintained by Goldman Sachs. The firm earned “Underweight” rating on Friday, September 8 by Morgan Stanley. The stock of Consolidated Edison, Inc. (NYSE:ED) earned “Sell” rating by Deutsche Bank on Monday, April 18. Morgan Stanley maintained the shares of ED in report on Thursday, August 10 with “Underweight” rating.

Since December 31, 2017, it had 27 buys, and 1 insider sale for $74,481 activity. 7 shares valued at $566 were bought by OATES JOSEPH P on Wednesday, January 31. Another trade for 46 shares valued at $4,007 was made by Moore Elizabeth D on Sunday, December 31. 47 shares were bought by Cawley Timothy, worth $4,094 on Sunday, December 31. On Sunday, December 31 Sanchez Robert bought $3,745 worth of Consolidated Edison, Inc. (NYSE:ED) or 43 shares. On Wednesday, January 31 the insider HOGLUND ROBERT N bought $2,344. On Sunday, December 31 Muccilo Robert bought $6,620 worth of Consolidated Edison, Inc. (NYSE:ED) or 76 shares. The insider McAvoy John bought $2,306.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.02, from 1.08 in 2017Q3. It worsened, 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. Birinyi Associate Inc holds 0.26% of its portfolio in Consolidated Edison, Inc. (NYSE:ED) for 6,935 shares. Spinnaker Trust invested in 0.08% or 8,162 shares. 22,895 were accumulated by Sumitomo Mitsui Asset Mgmt. Pggm Invs holds 0.24% or 513,700 shares in its portfolio. Haverford stated it has 27,902 shares or 0.05% of all its holdings. Holderness holds 0.34% of its portfolio in Consolidated Edison, Inc. (NYSE:ED) for 8,125 shares. Cibc has 87,483 shares for 0.05% of their portfolio. 90,928 were accumulated by State Treasurer State Of Michigan. Oakbrook Limited Liability Com has 0.07% invested in Consolidated Edison, Inc. (NYSE:ED). Webster National Bank & Trust N A holds 2,863 shares. Profund Advsrs Ltd Llc reported 0.09% stake. Uss Investment Mgmt Limited holds 0.08% in Consolidated Edison, Inc. (NYSE:ED) or 81,344 shares. Teachers Retirement System Of The State Of Kentucky has invested 0.03% in Consolidated Edison, Inc. (NYSE:ED). Lpl Limited Liability Company owns 0.04% invested in Consolidated Edison, Inc. (NYSE:ED) for 156,947 shares. Union Comml Bank Corp invested in 0.1% or 3,940 shares.

Analysts await Consolidated Edison, Inc. (NYSE:ED) to report earnings on May, 3. They expect $1.35 earnings per share, up 6.30% or $0.08 from last year’s $1.27 per share. ED’s profit will be $419.03 million for 14.43 P/E if the $1.35 EPS becomes a reality. After $0.80 actual earnings per share reported by Consolidated Edison, Inc. for the previous quarter, Wall Street now forecasts 68.75% EPS growth.

Fulton Bank increased Cdn Imperial Bk Comm Toronto (NYSE:CM) stake by 13,440 shares to 17,716 valued at $1.73 million in 2017Q4. It also upped Harding Loevner Fds Inc stake by 18,140 shares and now owns 165,784 shares. British Amern Tob Plc (NYSEMKT:BTI) was raised too.

Quanta Services, Inc. provides specialty contracting services to the electric power, and gas and oil industries in the United States, Canada, Australia, and internationally. The company has market cap of $5.30 billion. The companyÂ’s Electric Power Infrastructure Services segment provides network solutions comprising design, installation, upgrade, repair, and maintenance of electric power transmission and distribution infrastructure, and substation facilities, as well as other engineering and technical services. It has a 17.17 P/E ratio. It also provides emergency restoration services, including the repair of infrastructure.

The stock increased 1.42% or $0.48 during the last trading session, reaching $34.35. About 1.13M shares traded. Quanta Services, Inc. (NYSE:PWR) has declined 5.50% since March 31, 2017 and is downtrending. It has underperformed by 17.05% the S&P500.

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