Consolidated Edison Inc $ED Shares Bought by Andra AP fonden

Andra AP fonden grew its stake in Consolidated Edison Inc (NYSE:ED) by 73.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,000 shares of the utilities provider’s stock after acquiring an additional 95,500 shares during the quarter. Andra AP fonden owned about 0.06% of Consolidated Edison worth $22,617,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Consolidated Edison by 13.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,819 shares of the utilities provider’s stock valued at $7,320,000 after acquiring an additional 8,562 shares during the last quarter. Bryce Point Capital LLC purchased a new position in shares of Consolidated Edison in the 3rd quarter worth about $556,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Consolidated Edison by 3.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,028,686 shares of the utilities provider’s stock valued at $103,404,000 after purchasing an additional 29,606 shares in the last quarter. Nuance Investments LLC purchased a new stake in shares of Consolidated Edison during the 3rd quarter worth about $4,017,000. Finally, Atlantic Union Bankshares Corp increased its position in Consolidated Edison by 46.7% during the 2nd 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. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Insider Buying and Selling

In other Consolidated Edison news, Director John F. Killian sold 2,276 shares of Consolidated Edison stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $96.89, for a total value of $220,521.64. Following the completion of the transaction, the director directly owned 38,661 shares in the company, valued at $3,745,864.29. The trade was a 5.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.19% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ED shares. TD Cowen lifted their price target on shares of Consolidated Edison from $105.00 to $112.00 and gave the company a “hold” rating in a research report on Tuesday. Royal Bank Of Canada restated a “sector perform” rating and set a $118.00 target price on shares of Consolidated Edison in a report on Friday, January 23rd. Morgan Stanley reiterated an “underweight” rating and issued a $102.00 price target on shares of Consolidated Edison in a report on Friday, February 20th. Wells Fargo & Company reduced their price objective on Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Finally, JPMorgan Chase & Co. decreased their target price on Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating for the company in a research report on Friday, December 12th. Three equities research 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 data from MarketBeat.com, Consolidated Edison has an average rating of “Reduce” and an average target price of $107.07.

Consolidated Edison Stock Performance

Shares of ED opened at $112.49 on Friday. The stock has a market capitalization of $40.64 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.96 and a beta of 0.38. The business’s fifty day moving average price is $104.99 and its 200 day moving average price is $101.16. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94. Consolidated Edison Inc has a 12-month low of $94.96 and a 12-month high of $115.25.

Consolidated Edison (NYSE:ED) last issued its earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share for the quarter, topping 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 company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts forecast that Consolidated Edison Inc will post 5.62 EPS for the current year.

Consolidated Edison Increases Dividend

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

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.