Consolidated Edison Inc $ED Holdings Decreased by Diversified Trust Co.

Diversified Trust Co. lowered its stake in Consolidated Edison Inc (NYSE:ED) by 12.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 40,411 shares of the utilities provider’s stock after selling 5,606 shares during the quarter. Diversified Trust Co.’s holdings in Consolidated Edison were worth $4,014,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new position in Consolidated Edison during the 3rd quarter valued at about $26,000. Aventura Private Wealth LLC bought a new stake in shares of Consolidated Edison during the 4th quarter worth about $27,000. Salomon & Ludwin LLC lifted its stake in shares of 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 acquiring an additional 219 shares during the period. Turning Point Benefit Group Inc. acquired a new stake in shares of Consolidated Edison in the 3rd quarter worth approximately $32,000. Finally, Palisade Asset Management LLC bought a new position in shares of Consolidated Edison in the third quarter valued at approximately $37,000. Institutional investors own 66.29% of the company’s stock.

Insider Buying and Selling at Consolidated Edison

In other news, SVP Deneen L. Donnley sold 1,922 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was 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 $3,697,694.82. This trade represents a 5.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ED has been the topic of a number of research analyst reports. TD Cowen raised their price objective on shares of Consolidated Edison from $105.00 to $112.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Royal Bank Of Canada restated a “sector perform” rating and issued a $118.00 target price on shares of Consolidated Edison in a research report on Friday, January 23rd. JPMorgan Chase & Co. increased their price target on Consolidated Edison from $107.00 to $113.00 and gave the company an “underweight” rating in a research note on Thursday, March 12th. Citigroup reiterated a “buy” rating on shares of Consolidated Edison in a research report on Monday, February 23rd. Finally, Barclays boosted their price objective on Consolidated Edison from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Consolidated Edison presently has a consensus rating of “Reduce” and a consensus target price of $108.80.

Consolidated Edison Stock Performance

Shares of ED opened at $109.80 on Wednesday. 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’s 50 day moving average is $109.33 and its 200-day moving average is $102.61. Consolidated Edison Inc has a 12-month low of $94.96 and a 12-month high of $116.23. The stock has a market capitalization of $39.66 billion, a P/E ratio of 19.43, a P/E/G ratio of 2.78 and a beta of 0.38.

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

Consolidated Edison Increases Dividend

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

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.