Healthcare of Ontario Pension Plan Trust Fund Sells 243,909 Shares of Consolidated Edison Inc $ED

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in shares of Consolidated Edison Inc (NYSE:ED) by 28.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 608,968 shares of the utilities provider’s stock after selling 243,909 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.17% of Consolidated Edison worth $60,483,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in Consolidated Edison by 194.5% during the 3rd quarter. IFP Advisors Inc now owns 15,208 shares of the utilities provider’s stock worth $1,559,000 after acquiring an additional 10,044 shares during the last quarter. Strive Asset Management LLC bought a new stake in Consolidated Edison during the 3rd quarter worth approximately $1,005,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Consolidated Edison by 5.6% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 776,533 shares of the utilities provider’s stock worth $78,057,000 after acquiring an additional 40,838 shares during the last quarter. AIA Group Ltd boosted its stake in shares of Consolidated Edison by 99.5% in the 3rd quarter. AIA Group Ltd now owns 46,786 shares of the utilities provider’s stock valued at $4,703,000 after purchasing an additional 23,337 shares during the last quarter. Finally, North Dakota State Investment Board bought a new stake in shares of Consolidated Edison in the 4th quarter valued at $1,228,000. 66.29% of the stock is owned by institutional investors.

Consolidated Edison Trading Down 0.0%

NYSE:ED opened at $107.71 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19. Consolidated Edison Inc has a 52 week low of $94.96 and a 52 week high of $116.23. The firm’s fifty day moving average is $108.59 and its 200-day moving average is $106.47. The firm has a market cap of $39.69 billion, a P/E ratio of 18.13, a P/E/G ratio of 2.74 and a beta of 0.27.

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

Consolidated Edison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 13th will be given a dividend of $0.8875 per share. 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 Analyst Weigh In

A number of equities research analysts have recently commented on ED shares. Weiss Ratings raised shares of Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. KeyCorp upped their price objective 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. Bank of America reaffirmed an “underperform” rating and issued a $104.00 price objective on shares of Consolidated Edison in a research note on Wednesday, February 25th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $105.00 price objective on shares of Consolidated Edison in a research note on Thursday, May 14th. Finally, TD Cowen upped 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. 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 a consensus rating of “Reduce” and an average target price of $107.79.

Consolidated Edison Company 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.