Sivia Capital Partners LLC Makes New Investment in Consolidated Edison Inc $ED

Sivia Capital Partners LLC bought a new position in Consolidated Edison Inc (NYSE:ED) during the fourth quarter, Holdings Channel reports. The fund bought 6,338 shares of the utilities provider’s stock, valued at approximately $629,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ED. Basepoint Wealth LLC purchased a new stake in shares of Consolidated Edison in the 4th quarter worth about $26,000. JPL Wealth Management LLC purchased a new stake in shares of Consolidated Edison in the 3rd quarter worth about $26,000. Aventura Private Wealth LLC purchased a new stake in shares of Consolidated Edison in the 4th quarter worth about $27,000. Westfuller Advisors LLC purchased a new stake in shares of Consolidated Edison in the 4th quarter worth about $27,000. Finally, Dorato Capital Management purchased a new stake in shares of Consolidated Edison in the 4th quarter worth about $28,000. 66.29% of the stock is owned by hedge funds and other institutional investors.

Consolidated Edison Price Performance

ED opened at $104.16 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19. The stock has a market capitalization of $38.39 billion, a P/E ratio of 17.54, a P/E/G ratio of 2.63 and a beta of 0.27. The company’s 50-day simple moving average is $109.28 and its two-hundred day simple moving average is $106.24. Consolidated Edison Inc has a 52-week low of $94.96 and a 52-week high of $116.23.

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

Consolidated Edison Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th will be paid a dividend of $0.8875 per share. The ex-dividend date is Wednesday, May 13th. This represents a $3.55 annualized dividend and a yield of 3.4%. Consolidated Edison’s dividend payout ratio is currently 59.76%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ED. Wells Fargo & Company set a $98.00 target price on shares of Consolidated Edison in a research report on Tuesday, April 21st. KeyCorp upped their target price on shares of Consolidated Edison from $96.00 to $97.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 21st. Barclays reduced their target price on shares of Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating on the stock in a research report on Monday, May 11th. Morgan Stanley set a $99.00 target price on shares of Consolidated Edison in a research report on Thursday, May 21st. Finally, Weiss Ratings raised shares of Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, Consolidated Edison presently has an average rating of “Reduce” and an average target price of $107.79.

Insider Transactions at Consolidated Edison

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $113.94, for a total transaction of $218,992.68. Following the transaction, the senior vice president owned 32,453 shares in the company, valued at approximately $3,697,694.82. This represents a 5.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

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.