Consolidated Edison Inc $ED Shares Sold by Diversified Trust Co.

Diversified Trust Co. trimmed its position in Consolidated Edison Inc (NYSE:ED) by 12.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,411 shares of the utilities provider’s stock after selling 5,606 shares during the quarter. Diversified Trust Co.’s holdings in Consolidated Edison were worth $4,014,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. JPL Wealth Management LLC acquired a new stake in shares of Consolidated Edison during the third quarter worth $26,000. Aventura Private Wealth LLC acquired a new position in shares of Consolidated Edison in the 4th quarter valued at about $27,000. Salomon & Ludwin LLC boosted its holdings in shares of Consolidated Edison by 270.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock valued at $30,000 after buying an additional 219 shares during the period. Turning Point Benefit Group Inc. bought a new stake in shares of Consolidated Edison during the 3rd quarter valued at about $32,000. Finally, Palisade Asset Management LLC bought a new stake in shares of Consolidated Edison during the 3rd quarter valued at about $37,000. 66.29% of the stock is owned by institutional investors and hedge funds.

Consolidated Edison Trading Up 0.6%

Shares of NYSE:ED opened at $109.80 on Wednesday. The company has a market cap of $39.66 billion, a PE ratio of 19.43, a P/E/G ratio of 2.78 and a beta of 0.38. The company’s 50-day moving average price is $109.33 and its 200 day moving average price is $102.61. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $116.23. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 1.06.

Consolidated Edison (NYSE:ED) last posted its earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period in the previous year, the business posted $0.98 EPS. 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. Sell-side analysts anticipate that Consolidated Edison Inc will post 5.62 earnings per share for the current year.

Consolidated Edison Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Wednesday, February 18th were given a dividend of $0.8875 per share. This is a boost from Consolidated Edison’s previous quarterly dividend of $0.85. This represents a $3.55 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Wednesday, February 18th. Consolidated Edison’s payout ratio is presently 62.83%.

Insider Transactions at Consolidated Edison

In related news, SVP Deneen L. Donnley sold 1,922 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $113.94, for a total value of $218,992.68. Following the completion of the transaction, the senior vice president directly owned 32,453 shares of the company’s stock, valued at $3,697,694.82. This represents a 5.59% 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 owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on ED. Citigroup reissued a “buy” rating on shares of Consolidated Edison in a report on Monday, February 23rd. KeyCorp upped their target price on Consolidated Edison from $86.00 to $96.00 and gave the company an “underweight” rating in a report on Wednesday, March 4th. UBS Group increased their price target on Consolidated Edison from $108.00 to $112.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Consolidated Edison in a report on Monday, December 29th. Finally, Wells Fargo & Company reduced their price objective on Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Consolidated Edison currently has an average rating of “Reduce” and a consensus price target of $108.80.

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.