Consolidated Edison, Inc. (ED) Reaches $85.03 High on Jun, 20, Cadiz (CDZI) Sentiment Is 1.4

June 20, 2017 - By Maria Brooks

Cadiz Inc. is a land and water resource development company. The company has market cap of $297.13 million. As of December 31, 2016, the Company had 45,000 acres of land in three areas of eastern San Bernardino County, California. It currently has negative earnings. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture.

The stock of Consolidated Edison, Inc. (NYSE:ED) reached all time high today, Jun, 20 and still has $90.13 target or 6.00% above today’s $85.03 share price. This indicates more upside for the $25.94 billion company. This technical setup was reported by Barchart.com. If the $90.13 PT is reached, the company will be worth $1.56B more. About 213,055 shares traded. Consolidated Edison, Inc. (NYSE:ED) has risen 11.89% since June 20, 2016 and is uptrending. It has underperformed by 4.81% the S&P500.

Water Asset Management Llc holds 24.95% of its portfolio in Cadiz Inc for 2.96 million shares. American Assets Capital Advisers owns 889,797 shares or 7.31% of their US portfolio. Moreover, Elkhorn Partners Limited Partnership has 4.39% invested in the company for 579,000 shares. The United Kingdom-based Odey Asset Management Group Ltd has invested 1.7% in the stock. Kings Point Capital Management, a New York-based fund reported 75,000 shares.

About 17,035 shares traded. Cadiz Inc (CDZI) has risen 165.70% since June 20, 2016 and is uptrending. It has outperformed by 149.00% the S&P500.

Since January 1, 0001, it had 2 buys, and 1 insider sale for $667,404 activity.

Among 10 analysts covering Con Edison (NYSE:ED), 1 have Buy rating, 3 Sell and 6 Hold. Therefore 10% are positive. Con Edison had 29 analyst reports since July 29, 2015 according to SRatingsIntel. Goldman Sachs downgraded the shares of ED in report on Monday, October 19 to “Sell” rating. The rating was maintained by Goldman Sachs on Wednesday, September 14 with “Sell”. The stock of Consolidated Edison, Inc. (NYSE:ED) has “Sell” rating given on Friday, August 14 by UBS. As per Monday, August 10, the company rating was downgraded by Vetr. Mizuho maintained it with “Neutral” rating and $66 target in Friday, September 18 report. The firm has “Hold” rating given on Thursday, July 14 by Jefferies. On Monday, December 14 the stock rating was upgraded by Deutsche Bank to “Hold”. UBS maintained Consolidated Edison, Inc. (NYSE:ED) rating on Monday, May 8. UBS has “Sell” rating and $75 target. The rating was downgraded by Jefferies on Tuesday, June 13 to “Hold”. The stock of Consolidated Edison, Inc. (NYSE:ED) earned “Neutral” rating by Mizuho on Thursday, May 12.

Investors sentiment decreased to 1.03 in 2016 Q4. Its down 0.02, from 1.05 in 2016Q3. It dived, as 53 investors sold Consolidated Edison, Inc. shares while 225 reduced holdings. 55 funds opened positions while 231 raised stakes. 162.74 million shares or 3.26% more from 157.60 million shares in 2016Q3 were reported. Eastern Bankshares holds 6,967 shares or 0.04% of its portfolio. Hanson & Doremus Investment Mngmt holds 0% in Consolidated Edison, Inc. (NYSE:ED) or 2,866 shares. Acadian Asset Ltd Llc holds 0.01% or 20,147 shares in its portfolio. The California-based First Republic Investment Mgmt Inc has invested 0.01% in Consolidated Edison, Inc. (NYSE:ED). Alley Ltd Liability Corp holds 0.12% or 3,626 shares. 37,600 were accumulated by Strs Ohio. First Fincl In, Indiana-based fund reported 1,668 shares. 7,500 were reported by Palisade Cap Mgmt Limited Liability Company Nj. Sg Americas Secs Limited Liability invested 0.22% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). Hsbc Holding Public Ltd Liability stated it has 439,372 shares. Lba Wealth Ltd Limited Liability Company owns 30 shares. Abner Herrman And Brock Ltd Liability holds 0.04% or 2,821 shares. Ferguson Wellman Cap Mngmt invested 0.02% in Consolidated Edison, Inc. (NYSE:ED). State Treasurer State Of Michigan owns 0.06% invested in Consolidated Edison, Inc. (NYSE:ED) for 99,628 shares. 7,598 are held by Conning Inc.

Consolidated Edison, Inc. is a holding company. The company has market cap of $25.94 billion. The Firm operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), Con Edison Clean Energy Businesses, Inc. (the Clean Energy Businesses) and Con Edison Transmission, Inc. (Con Edison Transmission). It has a 19.59 P/E ratio. CECONY’s principal business are its regulated electric, gas and steam delivery businesses.

Since December 31, 2016, it had 57 insider purchases, and 0 sales for $223,094 activity. 50 shares valued at $3,577 were bought by Shukla Saumil P on Saturday, December 31. Shares for $2,320 were bought by HOGLUND ROBERT N on Wednesday, May 31. 7 Consolidated Edison, Inc. (NYSE:ED) shares with value of $560 were bought by OATES JOSEPH P. Nadkarni Gurudatta D had bought 86 shares worth $6,152 on Saturday, December 31. Another trade for 25 shares valued at $2,000 was bought by Sanchez Robert. McAvoy John also bought $4,077 worth of Consolidated Edison, Inc. (NYSE:ED) shares. Ivey Craig S also bought $77 worth of Consolidated Edison, Inc. (NYSE:ED) on Friday, March 31.

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