Commerzbank Aktiengesellschaft FI Acquires 9,536 Shares of Consolidated Edison Inc $ED

Commerzbank Aktiengesellschaft FI increased its holdings in shares of Consolidated Edison Inc (NYSE:ED) by 45.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,606 shares of the utilities provider’s stock after purchasing an additional 9,536 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Consolidated Edison were worth $3,077,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Salomon & Ludwin LLC raised its holdings in shares of Consolidated Edison by 270.4% during the third quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 219 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in Consolidated Edison by 53.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 314 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 109 shares during the period. Bogart Wealth LLC raised its stake in Consolidated Edison by 886.5% during the 2nd quarter. Bogart Wealth LLC now owns 365 shares of the utilities provider’s stock valued at $37,000 after buying an additional 328 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Consolidated Edison during the 3rd quarter valued at $38,000. Finally, True Wealth Design LLC boosted its stake in shares of Consolidated Edison by 392.1% in the 3rd quarter. True Wealth Design LLC now owns 497 shares of the utilities provider’s stock worth $50,000 after buying an additional 396 shares during the last quarter. 66.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on ED. New Street Research set a $106.00 price objective on Consolidated Edison in a research report on Monday, October 6th. TD Cowen started coverage on shares of Consolidated Edison in a research report on Friday, January 9th. They set a “hold” rating and a $105.00 price target for the company. UBS Group raised their price objective on shares of Consolidated Edison from $108.00 to $112.00 and gave the stock a “neutral” rating in a report on Friday. Morgan Stanley restated an “underweight” rating and set a $96.00 target price on shares of Consolidated Edison in a research report on Wednesday. Finally, Evercore ISI assumed coverage on shares of Consolidated Edison in a report on Tuesday, October 7th. They set an “in-line” rating and a $106.00 target price for the company. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $104.20.

Insider Transactions at Consolidated Edison

In other Consolidated Edison news, Director John F. Killian sold 2,276 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $96.89, for a total transaction of $220,521.64. Following the completion of the sale, the director directly owned 38,661 shares of the company’s stock, valued at $3,745,864.29. This trade represents a 5.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by company insiders.

Consolidated Edison Trading Up 0.6%

Shares of Consolidated Edison stock opened at $103.84 on Monday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.97 and a current ratio of 1.08. The company has a fifty day moving average of $99.67 and a 200 day moving average of $99.95. The company has a market capitalization of $37.48 billion, a P/E ratio of 18.15, a P/E/G ratio of 2.83 and a beta of 0.39. Consolidated Edison Inc has a fifty-two week low of $90.36 and a fifty-two week high of $114.87.

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

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.