Banque Cantonale Vaudoise Grows Stake in Consolidated Edison Inc $ED

Banque Cantonale Vaudoise increased its stake in shares of Consolidated Edison Inc (NYSE:ED) by 271.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,036 shares of the utilities provider’s stock after purchasing an additional 8,799 shares during the period. Banque Cantonale Vaudoise’s holdings in Consolidated Edison were worth $1,362,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. GW&K Investment Management LLC grew its position in shares of Consolidated Edison by 28.5% in the fourth quarter. GW&K Investment Management LLC now owns 419 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 93 shares in the last quarter. Meadowbrook Wealth Management LLC lifted its position in Consolidated Edison by 2.2% during the fourth quarter. Meadowbrook Wealth Management LLC now owns 4,687 shares of the utilities provider’s stock worth $466,000 after buying an additional 100 shares in the last quarter. bLong Financial LLC boosted its stake in Consolidated Edison by 1.3% during the fourth quarter. bLong Financial LLC now owns 7,775 shares of the utilities provider’s stock worth $772,000 after buying an additional 100 shares during the last quarter. Bridgewater Advisors Inc. increased its stake in shares of Consolidated Edison by 1.6% in the 4th quarter. Bridgewater Advisors Inc. now owns 6,635 shares of the utilities provider’s stock worth $689,000 after acquiring an additional 105 shares during the last quarter. Finally, Venture Visionary Partners LLC raised its holdings in shares of Consolidated Edison by 2.0% during the 4th quarter. Venture Visionary Partners LLC now owns 5,606 shares of the utilities provider’s stock worth $557,000 after acquiring an additional 108 shares during the period. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Morgan Stanley reaffirmed an “underweight” rating on shares of Consolidated Edison in a research report on Wednesday. The Goldman Sachs Group reissued a “sell” rating and set a $105.00 price objective on shares of Consolidated Edison in a research report on Thursday, May 14th. JPMorgan Chase & Co. lifted their price target on shares of Consolidated Edison from $107.00 to $113.00 and gave the company an “underweight” rating in a research report on Thursday, March 12th. KeyCorp boosted their price target 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, Mizuho reissued a “neutral” rating and set a $105.00 target price on shares of Consolidated Edison in a research note on Tuesday, June 2nd. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, Consolidated Edison presently has an average rating of “Reduce” and a consensus price target of $108.07.

Consolidated Edison Stock Up 1.1%

ED opened at $111.99 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.19 and a quick ratio of 1.09. 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 $41.27 billion, a P/E ratio of 18.85, a P/E/G ratio of 2.81 and a beta of 0.27. The business has a 50 day simple moving average of $107.58 and a 200-day simple moving average of $107.14.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings data on Thursday, May 7th. The utilities provider reported $2.18 EPS for the quarter, missing the consensus estimate of $2.28 by ($0.10). The company had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.22 billion. Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. During the same quarter last year, the business earned $2.26 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts anticipate that Consolidated Edison Inc will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, May 13th were paid a dividend of $0.8875 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.2%. Consolidated Edison’s dividend payout ratio (DPR) is presently 59.76%.

About Consolidated Edison

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.