Consolidated Edison Inc $ED Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. cut its holdings in Consolidated Edison Inc (NYSE:ED) by 76.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 32,696 shares of the utilities provider’s stock after selling 106,624 shares during the period. Achmea Investment Management B.V.’s holdings in Consolidated Edison were worth $3,286,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. JPL Wealth Management LLC acquired a new position in Consolidated Edison in the third quarter valued at approximately $26,000. Salomon & Ludwin LLC raised its position in shares of Consolidated Edison by 270.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 219 shares during the period. Turning Point Benefit Group Inc. acquired a new stake in shares of Consolidated Edison during the 3rd quarter worth approximately $32,000. Palisade Asset Management LLC bought a new stake in shares of Consolidated Edison in the 3rd quarter worth approximately $37,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Consolidated Edison during the 3rd quarter valued at approximately $38,000. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Stock Performance

ED stock opened at $113.50 on Thursday. The company has a market capitalization of $41.00 billion, a P/E ratio of 20.09, a PEG ratio of 2.93 and a beta of 0.38. The company has a 50-day simple moving average of $108.50 and a 200 day simple moving average of $102.24. 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 announced 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 quarter in the prior year, the firm posted $0.98 EPS. Consolidated Edison’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. Sell-side analysts predict that Consolidated Edison Inc will post 5.62 earnings per share for the current fiscal year.

Consolidated Edison Increases Dividend

The company also recently declared 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. The ex-dividend date was Wednesday, February 18th. This represents a $3.55 annualized dividend and a dividend yield of 3.1%. Consolidated Edison’s payout ratio is 62.83%.

Insider Activity

In related news, SVP Deneen L. Donnley sold 1,922 shares of Consolidated Edison stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $113.94, for a total transaction of $218,992.68. Following the transaction, the senior vice president directly owned 32,453 shares of the company’s stock, valued at $3,697,694.82. The trade was a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ED. Scotiabank upped their price objective on Consolidated Edison from $113.00 to $117.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. Citigroup restated a “buy” rating on shares of Consolidated Edison in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Consolidated Edison in a report on Monday, December 29th. KeyCorp lifted their price objective on shares of Consolidated Edison from $86.00 to $96.00 and gave the company an “underweight” rating in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $118.00 target price on shares of Consolidated Edison in a research note on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Consolidated Edison presently has an average rating of “Reduce” and a consensus target price 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.