Securian Asset Management Inc. Sells 7,565 Shares of Consolidated Edison Inc $ED

Securian Asset Management Inc. lowered its position in shares of Consolidated Edison Inc (NYSE:ED) by 43.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,814 shares of the utilities provider’s stock after selling 7,565 shares during the quarter. Securian Asset Management Inc.’s holdings in Consolidated Edison were worth $975,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ED. Meadowbrook Wealth Management LLC increased its position in Consolidated Edison by 2.2% during the fourth quarter. Meadowbrook Wealth Management LLC now owns 4,687 shares of the utilities provider’s stock worth $466,000 after acquiring an additional 100 shares during the period. Stephens Inc. AR boosted its holdings in Consolidated Edison by 0.8% in the 3rd quarter. Stephens Inc. AR now owns 13,791 shares of the utilities provider’s stock valued at $1,386,000 after purchasing an additional 105 shares during the period. Bridgewater Advisors Inc. boosted its holdings in Consolidated Edison by 1.6% in the 4th quarter. Bridgewater Advisors Inc. now owns 6,635 shares of the utilities provider’s stock valued at $689,000 after purchasing an additional 105 shares during the period. HighPoint Advisor Group LLC grew its position in shares of Consolidated Edison by 0.7% during the 3rd quarter. HighPoint Advisor Group LLC now owns 14,811 shares of the utilities provider’s stock worth $1,489,000 after purchasing an additional 110 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its position in shares of Consolidated Edison by 36.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 66.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ED shares. KeyCorp raised their target price on shares of Consolidated Edison from $96.00 to $97.00 and gave the stock an “underweight” rating in a report on Tuesday, April 21st. JPMorgan Chase & Co. increased their price target on Consolidated Edison from $107.00 to $113.00 and gave the stock an “underweight” rating in a research report on Thursday, March 12th. Scotiabank raised 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. Bank of America reaffirmed an “underperform” rating and issued a $104.00 price objective on shares of Consolidated Edison in a report on Wednesday, February 25th. Finally, Mizuho set a $118.00 target price on Consolidated Edison in a research report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $109.46.

Consolidated Edison Stock Performance

NYSE ED opened at $106.04 on Thursday. The firm’s 50 day simple moving average is $111.13 and its 200 day simple moving average is $105.37. The firm has a market capitalization of $39.08 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 2.71 and a beta of 0.29. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00. Consolidated Edison Inc has a 1 year low of $94.96 and a 1 year high of $116.23.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings data on Thursday, May 7th. The utilities provider reported $2.18 EPS for the quarter, missing the consensus estimate of $2.28 by ($0.10). Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the prior year, the firm earned $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, research analysts expect that Consolidated Edison Inc will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 13th will be issued a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.3%. Consolidated Edison’s payout ratio is 59.76%.

Insider Buying and Selling at Consolidated Edison

In related news, SVP Deneen L. Donnley sold 1,922 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $113.94, for a total value of $218,992.68. Following the sale, the senior vice president directly owned 32,453 shares of the company’s stock, valued at $3,697,694.82. This trade represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.15% of the stock is currently owned by corporate insiders.

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.