DJE Kapital AG Acquires New Position in Consolidated Edison Inc $ED

DJE Kapital AG acquired a new stake in shares of Consolidated Edison Inc (NYSE:ED) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 148,200 shares of the utilities provider’s stock, valued at approximately $14,793,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ED. Basepoint Wealth LLC purchased a new position in Consolidated Edison during the fourth quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new position in Consolidated Edison during the third quarter valued at approximately $26,000. Aventura Private Wealth LLC purchased a new position in Consolidated Edison during the fourth quarter valued at approximately $27,000. Westfuller Advisors LLC purchased a new position in Consolidated Edison during the fourth quarter valued at approximately $27,000. Finally, Dorato Capital Management acquired a new stake in Consolidated Edison in the fourth quarter valued at approximately $28,000. 66.29% of the stock is owned by hedge funds and other institutional investors.

Consolidated Edison Price Performance

Shares of Consolidated Edison stock opened at $106.98 on Friday. The firm has a fifty day simple moving average of $108.72 and a 200-day simple moving average of $106.41. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $116.23. The stock has a market capitalization of $39.43 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 2.73 and a beta of 0.27.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.10). Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the previous year, the firm posted $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, sell-side analysts expect that Consolidated Edison Inc will post 6.09 earnings per share for the current year.

Consolidated Edison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 13th will be paid a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, May 13th. Consolidated Edison’s payout ratio is presently 59.76%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ED shares. Citigroup reiterated a “buy” rating on shares of Consolidated Edison in a research note on Monday, February 23rd. Scotiabank lifted their target price on shares of Consolidated Edison from $113.00 to $117.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. Evercore set a $116.00 target price on shares of Consolidated Edison in a research note on Monday, May 11th. KeyCorp lifted their target price on shares of Consolidated Edison from $96.00 to $97.00 and gave the company an “underweight” rating in a research note on Tuesday, April 21st. Finally, Barclays reduced their target price on shares of Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating for the company in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $107.79.

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.