Banque Cantonale Vaudoise Has $444,000 Stock Holdings in Consolidated Edison Inc $ED

Banque Cantonale Vaudoise trimmed its holdings in Consolidated Edison Inc (NYSE:ED) by 60.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,422 shares of the utilities provider’s stock after selling 6,629 shares during the period. Banque Cantonale Vaudoise’s holdings in Consolidated Edison were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ED. Revolve Wealth Partners LLC raised its holdings in shares of Consolidated Edison by 13.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider’s stock worth $332,000 after acquiring an additional 441 shares during the last quarter. Empowered Funds LLC boosted its stake in Consolidated Edison by 42.1% during the 1st quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider’s stock valued at $993,000 after purchasing an additional 2,659 shares during the last quarter. Woodline Partners LP increased its holdings in Consolidated Edison by 40.7% during the 1st quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider’s stock worth $3,237,000 after purchasing an additional 8,468 shares in the last quarter. Savant Capital LLC raised its stake in shares of Consolidated Edison by 18.9% in the second quarter. Savant Capital LLC now owns 12,493 shares of the utilities provider’s stock worth $1,254,000 after purchasing an additional 1,990 shares during the last quarter. Finally, AE Wealth Management LLC raised its stake in shares of Consolidated Edison by 38.1% in the second quarter. AE Wealth Management LLC now owns 9,297 shares of the utilities provider’s stock worth $933,000 after purchasing an additional 2,567 shares during the last quarter. 66.29% of the stock is owned by institutional investors.

Consolidated Edison Stock Up 1.1%

ED stock opened at $112.95 on Friday. The stock has a market cap of $40.80 billion, a P/E ratio of 19.99, a P/E/G ratio of 3.00 and a beta of 0.38. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. The stock’s fifty day simple moving average is $107.28 and its two-hundred day simple moving average is $101.79. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $115.25.

Consolidated Edison (NYSE:ED) last released its earnings results on Thursday, February 19th. The utilities provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.71 billion. Consolidated Edison had a return on equity of 8.50% and a net margin of 11.95%.The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts expect that Consolidated Edison Inc will post 5.62 EPS for the current year.

Consolidated Edison Increases Dividend

The business also recently announced 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 is Wednesday, February 18th. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.85. This represents a $3.55 dividend on an annualized basis and a yield of 3.1%. Consolidated Edison’s dividend payout ratio is presently 62.83%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ED. Citigroup reaffirmed a “buy” rating on shares of Consolidated Edison in a research report on Monday, February 23rd. Morgan Stanley restated an “underweight” rating and set a $102.00 price objective on shares of Consolidated Edison in a research note on Friday, February 20th. UBS Group upped their target price on shares of Consolidated Edison from $108.00 to $112.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of Consolidated Edison from $107.00 to $113.00 and gave the company an “underweight” rating in a report on Thursday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Consolidated Edison in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Consolidated Edison has an average rating of “Reduce” and an average price target of $108.80.

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.