Consolidated Edison, Inc. (ED): Hedge Funds Are Bullish and Insiders Are Undecided, What Should You Do?

Page 1 of 2

Is Consolidated Edison, Inc. (NYSE:ED) a good investment?

In today’s marketplace, there are many indicators shareholders can use to analyze their holdings. A couple of the best are hedge fund and insider trading interest. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the elite money managers can outpace their index-focused peers by a healthy amount (see just how much).

Just as crucial, positive insider trading sentiment is a second way to analyze the marketplace. As the old adage goes: there are plenty of motivations for a corporate insider to drop shares of his or her company, but only one, very obvious reason why they would buy. Plenty of empirical studies have demonstrated the useful potential of this tactic if shareholders understand what to do (learn more here).

Now that that’s out of the way, let’s examine the latest info about Consolidated Edison, Inc. (NYSE:ED).

What have hedge funds been doing with Consolidated Edison, Inc. (NYSE:ED)?

At Q2′s end, a total of 14 of the hedge funds we track were bullish in this stock, a change of 27% from one quarter earlier. With hedgies’ positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were upping their stakes significantly.

Consolidated Edison, Inc. (NYSE:ED)Out of the hedge funds we follow, Phill Gross and Robert Atchinson’s Adage Capital Management had the largest position in Consolidated Edison, Inc. (NYSE:ED), worth close to $100.8 million, comprising 0.3% of its total 13F portfolio. Sitting at the No. 2 spot is Winton Capital Management, managed by David Harding, which held a $28.5 million position; the fund has 0.3% of its 13F portfolio invested in the stock. Remaining hedge funds that are bullish include Cliff Asness’s AQR Capital Management, Millennium Management Subsidiary’s Decade Capital Management and D. E. Shaw’s D E Shaw.

With a general bullishness amongst the titans, certain money managers were breaking ground themselves. Adage Capital Management, managed by Phill Gross and Robert Atchinson, initiated the most valuable position in Consolidated Edison, Inc. (NYSE:ED). Adage Capital Management had 100.8 million invested in the company at the end of the quarter. David Harding’s Winton Capital Management also initiated a $28.5 million position during the quarter. The other funds with new positions in the stock are Cliff Asness’s AQR Capital Management, Millennium Management Subsidiary’s Decade Capital Management, and D. E. Shaw’s D E Shaw.

Insider trading activity in Consolidated Edison, Inc. (NYSE:ED)

Bullish insider trading is most useful when the company we’re looking at has seen transactions within the past half-year. Over the latest half-year time frame, Consolidated Edison, Inc. (NYSE:ED) has experienced zero unique insiders buying, and zero insider sales (see the details of insider trades here).

We’ll check out the relationship between both of these indicators in other stocks similar to Consolidated Edison, Inc. (NYSE:ED). These stocks are PG&E Corporation (NYSE:PCG), Edison International (NYSE:EIX), Korea Electric Power Corporation (ADR) (NYSE:KEP), PPL Corporation (NYSE:PPL), and FirstEnergy Corp. (NYSE:FE). This group of stocks are the members of the electric utilities industry and their market caps match ED’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!