Peapack Gladstone Financial Has Lowered Consolidated Edison (ED) Holding; Shorts at Babcock & Wilcox Enterprises (BW) Lowered By 9.95%

December 7, 2017 - By Adrian Erickson

Babcock & Wilcox Enterprises Incorporated (NYSE:BW) had a decrease of 9.95% in short interest. BW’s SI was 9.54 million shares in December as released by FINRA. Its down 9.95% from 10.59 million shares previously. With 1.54 million avg volume, 6 days are for Babcock & Wilcox Enterprises Incorporated (NYSE:BW)’s short sellers to cover BW’s short positions. The SI to Babcock & Wilcox Enterprises Incorporated’s float is 19.75%. The stock decreased 4.13% or $0.19 during the last trading session, reaching $4.41. About 1.25 million shares traded. Babcock & Wilcox Enterprises, Inc. (NYSE:BW) has declined 50.61% since December 7, 2016 and is downtrending. It has underperformed by 67.31% the S&P500.

Peapack Gladstone Financial Corp decreased Consolidated Edison Inc (ED) stake by 8.03% reported in 2017Q2 SEC filing. Peapack Gladstone Financial Corp sold 978 shares as Consolidated Edison Inc (ED)’s stock rose 9.35%. The Peapack Gladstone Financial Corp holds 11,203 shares with $905.43M value, down from 12,181 last quarter. Consolidated Edison Inc now has $27.43 billion valuation. The stock increased 0.51% or $0.45 during the last trading session, reaching $88.47. About 1.09 million shares traded. Consolidated Edison, Inc. (NYSE:ED) has risen 11.89% since December 7, 2016 and is uptrending. It has underperformed by 4.81% the S&P500.

Peapack Gladstone Financial Corp increased Blackstone Group Lp (NYSE:BX) stake by 6,399 shares to 51,724 valued at $1.72 billion in 2017Q2. It also upped Ishares S&P Smallcap/600 Growth Etf (IJT) stake by 66 shares and now owns 4,389 shares. Bb&T Corporation (NYSE:BBT) was raised too.

Analysts await Consolidated Edison, Inc. (NYSE:ED) to report earnings on February, 15. They expect $0.75 EPS, up 8.70% or $0.06 from last year’s $0.69 per share. ED’s profit will be $232.55 million for 29.49 P/E if the $0.75 EPS becomes a reality. After $1.47 actual EPS reported by Consolidated Edison, Inc. for the previous quarter, Wall Street now forecasts -48.98% negative EPS growth.

Investors sentiment increased to 1.12 in 2017 Q2. Its up 0.21, from 0.91 in 2017Q1. It is positive, as 30 investors sold ED shares while 223 reduced holdings. 79 funds opened positions while 205 raised stakes. 167.81 million shares or 0.35% less from 168.40 million shares in 2017Q1 were reported. Hanson And Doremus Mgmt reported 2,704 shares. Bank has 4,712 shares for 0.16% of their portfolio. First Fincl In invested in 0.11% or 2,068 shares. Moreover, Pggm has 0.33% invested in Consolidated Edison, Inc. (NYSE:ED). Private Tru Na has 6,388 shares. Ontario – Canada-based Cibc Ww Inc has invested 0% in Consolidated Edison, Inc. (NYSE:ED). Grimes holds 4,386 shares or 0.04% of its portfolio. Regions Corporation owns 0.03% invested in Consolidated Edison, Inc. (NYSE:ED) for 27,964 shares. Sumitomo Mitsui Asset Management invested in 24,139 shares or 0.03% of the stock. Keybank Association Oh accumulated 0.01% or 16,775 shares. Utah Retirement accumulated 56,120 shares. Next Financial Grp reported 0% stake. Nationwide Fund has invested 0.03% of its portfolio in Consolidated Edison, Inc. (NYSE:ED). State Of Wisconsin Invest Board holds 257,765 shares. Bokf Na reported 0.05% stake.

Among 14 analysts covering Con Edison (NYSE:ED), 1 have Buy rating, 5 Sell and 8 Hold. Therefore 7% are positive. Con Edison had 42 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, September 14 by Jefferies. The firm earned “Neutral” rating on Friday, September 18 by Mizuho. Deutsche Bank maintained Consolidated Edison, Inc. (NYSE:ED) rating on Monday, August 10. Deutsche Bank has “Sell” rating and $60.0 target. RBC Capital Markets maintained Consolidated Edison, Inc. (NYSE:ED) on Sunday, October 1 with “Hold” rating. Morgan Stanley maintained Consolidated Edison, Inc. (NYSE:ED) on Thursday, August 10 with “Underweight” rating. As per Tuesday, June 13, the company rating was downgraded by Jefferies. The firm has “Market Perform” rating given on Monday, August 10 by BMO Capital Markets. On Monday, February 22 the stock rating was maintained by UBS with “Sell”. BMO Capital Markets maintained Consolidated Edison, Inc. (NYSE:ED) on Friday, August 4 with “Hold” rating. The company was maintained on Monday, May 8 by UBS.

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