Consolidated Edison Inc $ED Stock Holdings Increased by AIA Group Ltd

AIA Group Ltd increased its stake in shares of Consolidated Edison Inc (NYSE:ED) by 99.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 46,786 shares of the utilities provider’s stock after buying an additional 23,337 shares during the quarter. AIA Group Ltd’s holdings in Consolidated Edison were worth $4,703,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several brokerages have weighed in on ED. Mizuho set a $118.00 target price on Consolidated Edison in a research report on Monday, February 23rd. UBS Group boosted their price target on Consolidated Edison from $108.00 to $112.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Barclays increased their price objective on Consolidated Edison from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Tuesday, February 24th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $118.00 price objective on shares of Consolidated Edison in a research report on Friday, January 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Consolidated Edison from $107.00 to $113.00 and gave the company an “underweight” rating in a research note on Thursday, March 12th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $108.80.

Consolidated Edison Stock Performance

ED opened at $111.57 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market cap of $40.30 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.90 and a beta of 0.38. The stock has a 50-day moving average of $108.73 and a 200-day moving average of $102.31. Consolidated Edison Inc has a 52-week low of $94.96 and a 52-week high of $116.23.

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

Consolidated Edison Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Wednesday, February 18th were given a $0.8875 dividend. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.85. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, February 18th. Consolidated Edison’s payout ratio is 62.83%.

Insider Buying and Selling at Consolidated Edison

In related 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 transaction of $218,992.68. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

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.