Consolidated Edison Inc $ED Shares Purchased by Cwm LLC

Cwm LLC grew its stake in Consolidated Edison Inc (NYSE:ED) by 12.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 255,577 shares of the utilities provider’s stock after purchasing an additional 28,606 shares during the period. Cwm LLC owned about 0.07% of Consolidated Edison worth $25,691,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ED. Atlantic Union Bankshares Corp boosted its position in Consolidated Edison by 46.7% during the second quarter. Atlantic Union Bankshares Corp now owns 3,714 shares of the utilities provider’s stock worth $373,000 after purchasing an additional 1,183 shares in the last quarter. ATLAS Infrastructure Partners UK Ltd. boosted its stake in Consolidated Edison by 4.8% during the 2nd quarter. ATLAS Infrastructure Partners UK Ltd. now owns 2,409,288 shares of the utilities provider’s stock worth $241,772,000 after purchasing an additional 110,666 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of Consolidated Edison in the first quarter valued at about $1,631,000. Texas Yale Capital Corp. raised its position in shares of Consolidated Edison by 41.8% in the second quarter. Texas Yale Capital Corp. now owns 16,627 shares of the utilities provider’s stock valued at $1,669,000 after buying an additional 4,900 shares during the last quarter. Finally, Mediolanum International Funds Ltd lifted its stake in shares of Consolidated Edison by 65.5% in the second quarter. Mediolanum International Funds Ltd now owns 14,502 shares of the utilities provider’s stock worth $1,423,000 after buying an additional 5,742 shares in the last quarter. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ED has been the topic of several recent research reports. Wells Fargo & Company upgraded Consolidated Edison to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Consolidated Edison in a report on Monday. Evercore ISI started coverage on Consolidated Edison in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $106.00 price objective for the company. Barclays reduced their target price on Consolidated Edison from $105.00 to $101.00 and set an “underweight” rating on the stock in a research report on Monday, November 10th. Finally, New Street Research set a $106.00 price target on Consolidated Edison in a report on Monday, October 6th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $102.54.

Insider Activity

In other news, Director John F. Killian sold 2,276 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $96.89, for a total value of $220,521.64. Following the completion of the transaction, the director owned 38,661 shares of the company’s stock, valued at approximately $3,745,864.29. This trade represents a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.19% of the company’s stock.

Consolidated Edison Stock Down 0.3%

Shares of NYSE ED opened at $99.27 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.08 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average is $98.93 and its two-hundred day moving average is $99.90. Consolidated Edison Inc has a 52-week low of $87.28 and a 52-week high of $114.87. The firm has a market cap of $35.83 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 2.88 and a beta of 0.37.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.14. The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Consolidated Edison had a return on equity of 8.79% and a net margin of 12.27%.During the same period in the previous year, the firm posted $1.68 earnings per share. Consolidated Edison has set its FY 2025 guidance at 5.600-5.700 EPS. Research analysts predict that Consolidated Edison Inc will post 5.62 EPS for the current year.

Consolidated Edison Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Wednesday, November 19th were paid a dividend of $0.85 per share. The ex-dividend date was Wednesday, November 19th. This represents a $3.40 dividend on an annualized basis and a yield of 3.4%. Consolidated Edison’s dividend payout ratio is 59.44%.

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.