Consolidated Edison Inc $ED Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. trimmed its stake in Consolidated Edison Inc (NYSE:ED) by 76.5% during the third quarter, HoldingsChannel.com reports. The fund owned 32,696 shares of the utilities provider’s stock after selling 106,624 shares during the period. Achmea Investment Management B.V.’s holdings in Consolidated Edison were worth $3,286,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. JPL Wealth Management LLC purchased a new stake in shares of Consolidated Edison during the third quarter valued at $26,000. Salomon & Ludwin LLC increased its stake in Consolidated Edison by 270.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 219 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new position in Consolidated Edison in the 3rd quarter worth about $32,000. Palisade Asset Management LLC acquired a new stake in Consolidated Edison during the 3rd quarter worth about $37,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Consolidated Edison during the 3rd quarter worth about $38,000. 66.29% of the stock is owned by institutional investors and hedge funds.

Consolidated Edison Price Performance

NYSE ED opened at $113.50 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market capitalization of $41.00 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 2.93 and a beta of 0.38. The company has a 50 day simple moving average of $108.50 and a 200-day simple moving average of $102.24. Consolidated Edison Inc has a 52-week low of $94.96 and a 52-week high of $116.23.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.71 billion. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts predict that Consolidated Edison Inc will post 5.62 earnings per share for the current fiscal year.

Consolidated Edison Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Wednesday, February 18th were issued a dividend of $0.8875 per share. The ex-dividend date was Wednesday, February 18th. This represents a $3.55 annualized dividend and a dividend yield of 3.1%. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. Consolidated Edison’s dividend payout ratio is presently 62.83%.

Insider Buying and Selling at Consolidated Edison

In other news, SVP Deneen L. Donnley sold 1,922 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total value of $218,992.68. Following the transaction, the senior vice president directly owned 32,453 shares of the company’s stock, valued at approximately $3,697,694.82. This represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

ED has been the subject of several recent analyst reports. KeyCorp raised their target price on shares of Consolidated Edison from $86.00 to $96.00 and gave the stock an “underweight” rating in a report on Wednesday, March 4th. JPMorgan Chase & Co. boosted their price target on shares of Consolidated Edison from $107.00 to $113.00 and gave the company an “underweight” rating in a report on Thursday, March 12th. Barclays upped their price target on shares of Consolidated Edison from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Tuesday, February 24th. UBS Group raised their price objective on shares of Consolidated Edison from $108.00 to $112.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Finally, Morgan Stanley reissued an “underweight” rating and set a $102.00 target price on shares of Consolidated Edison in a research note on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Consolidated Edison has a consensus rating of “Reduce” and an average target price of $108.80.

Consolidated Edison Profile

Consolidated Edison, Inc, commonly known as Con Edison, is an investor-owned energy company that primarily delivers electricity, natural gas and steam to customers in the New York metropolitan area. Its regulated utility operations include the distribution and transmission of electric power, the distribution of natural gas, and the operation of one of the largest district steam systems in the United States, serving commercial, institutional and residential customers in New York City and nearby counties.

The company operates through regulated utility subsidiaries that serve urban and suburban service territories, together with non-utility businesses that develop, own and manage energy infrastructure and clean energy projects.