New York State Teachers Retirement System Adds $2M in Consolidated Edison, Inc. ($ED)
Key Points
- New York State Teachers Retirement System changed its Consolidated Edison, Inc. ($ED) stake by 4.5% last quarter, boosting to 330,732 shares worth $35.34 million.
- Wall Street's consensus rating on $ED is Hold and an average price target of $109.75.
- $ED last traded around $106.84.
New York State Teachers Retirement System increased its position in Consolidated Edison, Inc. ($ED) by 4.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 330,732 shares of Consolidated Edison, Inc. after buying 14,094 shares during the quarter. New York State Teachers Retirement System's holdings in Consolidated Edison, Inc. were worth $35.34 million as of its most recent filing.
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About Consolidated Edison, Inc.
Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,490 customers in parts of Manhattan. It also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. In addition, the company operates 552 circuit miles of transmission lines; 16 transmission substations; 63 distribution substations; 89,675 in-service line transformers; 3,764 pole miles of overhead distribution lines; and 2,417 miles of underground distribution lines, as well as 4,374 miles of mains and 379, 939 service lines for natural gas distribution. Further, it invests in electric and gas transmission projects. The company primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.
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