Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Has $738,000 Stock Holdings in Consolidated Edison Inc $ED

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group cut its position in Consolidated Edison Inc (NYSE:ED) by 39.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,350 shares of the utilities provider’s stock after selling 4,807 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Consolidated Edison were worth $738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Revolve Wealth Partners LLC grew its position in shares of 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 last quarter. GAMMA Investing LLC grew its holdings in 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 buying an additional 2,869 shares during the last quarter. Bessemer Group Inc. grew its holdings in Consolidated Edison by 2.2% in the 1st quarter. Bessemer Group Inc. now owns 6,596 shares of the utilities provider’s stock valued at $729,000 after buying an additional 144 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in Consolidated Edison by 68.1% in the 1st quarter. Golden State Wealth Management LLC now owns 1,604 shares of the utilities provider’s stock valued at $177,000 after buying an additional 650 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Consolidated Edison by 4.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 14,052 shares of the utilities provider’s stock valued at $1,554,000 after buying an additional 556 shares during the last quarter. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ED has been the topic of several research analyst reports. Barclays lowered their price objective on shares of Consolidated Edison from $107.00 to $105.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 21st. Evercore ISI started coverage on shares of Consolidated Edison in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $106.00 price target on the stock. New Street Research set a $106.00 price target on shares of Consolidated Edison in a research report on Monday, October 6th. KeyCorp raised their price target on shares of Consolidated Edison from $88.00 to $90.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 15th. Finally, Bank of America downgraded Consolidated Edison from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $112.00 to $101.00 in a research report on Friday, August 15th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $106.33.

Consolidated Edison Price Performance

Shares of ED stock opened at $99.99 on Monday. The stock’s fifty day simple moving average is $99.23 and its 200 day simple moving average is $102.50. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.10 and a quick ratio of 1.01. The firm has a market cap of $36.06 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 2.78 and a beta of 0.32. Consolidated Edison Inc has a one year low of $87.28 and a one year high of $114.87.

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

Consolidated Edison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Wednesday, November 19th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Wednesday, November 19th. Consolidated Edison’s payout ratio is currently 61.71%.

Consolidated Edison Company Profile

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.