APG Asset Management N.V. Sells 5,057 Shares of Consolidated Edison Inc $ED

APG Asset Management N.V. trimmed its position in Consolidated Edison Inc (NYSE:ED) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 538,356 shares of the utilities provider’s stock after selling 5,057 shares during the quarter. APG Asset Management N.V. owned about 0.15% of Consolidated Edison worth $54,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC increased its stake in shares of Consolidated Edison by 270.4% in the third quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 219 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Consolidated Edison in the 3rd quarter worth $38,000. JFS Wealth Advisors LLC increased its stake in Consolidated Edison by 36.4% in the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $41,000 after buying an additional 110 shares in the last quarter. True Wealth Design LLC raised its holdings in Consolidated Edison by 392.1% during the third quarter. True Wealth Design LLC now owns 497 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 396 shares during the period. Finally, Webster Bank N. A. lifted its position in shares of Consolidated Edison by 67.8% in the third quarter. Webster Bank N. A. now owns 495 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Price Performance

Shares of Consolidated Edison stock opened at $112.49 on Monday. The stock has a market cap of $40.64 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 3.01 and a beta of 0.38. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a 50 day moving average price of $104.99 and a 200-day moving average price of $101.12. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $115.25.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. Consolidated Edison had a return on equity of 8.50% and a net margin of 11.95%.The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same period last year, the company earned $0.98 earnings per share. Consolidated Edison’s revenue was up 8.9% on a year-over-year basis. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts expect that Consolidated Edison Inc will post 5.62 EPS for the current year.

Consolidated Edison Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 18th will be paid a $0.8875 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. This represents a $3.55 annualized dividend and a yield of 3.2%. Consolidated Edison’s payout ratio is 62.83%.

Analysts Set New Price Targets

ED has been the subject of several research analyst reports. UBS Group increased their target price on Consolidated Edison from $108.00 to $112.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Morgan Stanley reaffirmed an “underweight” rating and set a $102.00 price objective on shares of Consolidated Edison in a report on Friday, February 20th. Citigroup reissued a “buy” rating on shares of Consolidated Edison in a report on Monday, February 23rd. Scotiabank raised 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. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Consolidated Edison in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $107.07.

Insider Activity

In related news, Director John F. Killian sold 2,276 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $96.89, for a total transaction of $220,521.64. Following the completion of the transaction, the director owned 38,661 shares in the company, valued at $3,745,864.29. The trade was a 5.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.17% of the company’s stock.

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.