Capital Advisors Ltd. LLC Grows Stock Position in Consolidated Edison Inc $ED

Capital Advisors Ltd. LLC lifted its stake in Consolidated Edison Inc (NYSE:ED) by 53.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 314 shares of the utilities provider’s stock after purchasing an additional 109 shares during the period. Capital Advisors Ltd. LLC’s holdings in Consolidated Edison were worth $32,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ED. Revolve Wealth Partners LLC boosted its holdings in Consolidated Edison by 13.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider’s stock valued at $332,000 after purchasing an additional 441 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Consolidated Edison by 113.3% in the 1st quarter. Farther Finance Advisors LLC now owns 8,786 shares of the utilities provider’s stock valued at $967,000 after acquiring an additional 4,667 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in shares of Consolidated Edison by 38.5% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,749 shares of the utilities provider’s stock valued at $415,000 after acquiring an additional 1,043 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Consolidated Edison by 45.0% in the 1st quarter. GAMMA Investing LLC now owns 9,242 shares of the utilities provider’s stock valued at $1,022,000 after acquiring an additional 2,869 shares during the last quarter. Finally, Integrated Advisors Network LLC lifted its stake in Consolidated Edison by 1.6% during the first quarter. Integrated Advisors Network LLC now owns 7,842 shares of the utilities provider’s stock worth $867,000 after purchasing an additional 121 shares during the last quarter. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ED has been the subject of a number of research analyst reports. Bank of America downgraded Consolidated Edison from a “buy” rating to an “underperform” rating and lowered their price target for the company from $112.00 to $101.00 in a report on Friday, August 15th. Mizuho upped their price target on Consolidated Edison from $107.00 to $112.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Consolidated Edison in a report on Wednesday. Barclays upped their price target on Consolidated Edison from $101.00 to $107.00 and gave the company an “underweight” rating in a report on Wednesday, August 13th. Finally, New Street Research set a $106.00 price target on Consolidated Edison in a report on Monday. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Consolidated Edison has a consensus rating of “Hold” and a consensus price target of $105.75.

Consolidated Edison Stock Down 0.0%

Consolidated Edison stock opened at $100.80 on Friday. Consolidated Edison Inc has a fifty-two week low of $87.28 and a fifty-two week high of $114.87. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.10. The company has a market capitalization of $36.35 billion, a P/E ratio of 18.29, a PEG ratio of 2.80 and a beta of 0.32. The stock has a 50-day simple moving average of $99.77 and a 200-day simple moving average of $103.09.

Consolidated Edison (NYSE:ED) last posted its earnings results on Thursday, August 7th. The utilities provider reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.01. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.39 billion. Consolidated Edison had a return on equity of 8.56% and a net margin of 11.98%.During the same period in the previous year, the business earned $0.59 EPS. Consolidated Edison has set its FY 2025 guidance at 5.500-5.700 EPS. Equities research analysts expect that Consolidated Edison Inc will post 5.62 earnings per share for the current year.

Consolidated Edison Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Wednesday, August 13th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.4%. The ex-dividend date was Wednesday, August 13th. Consolidated Edison’s payout ratio is 61.71%.

About Consolidated Edison

Consolidated Edison, Inc, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan.