ATLAS Infrastructure Partners UK Ltd. Acquires 214,649 Shares of Consolidated Edison Inc $ED

ATLAS Infrastructure Partners UK Ltd. grew its holdings in Consolidated Edison Inc (NYSE:ED) by 8.2% during the 4th quarter, HoldingsChannel reports. The firm owned 2,841,409 shares of the utilities provider’s stock after acquiring an additional 214,649 shares during the quarter. Consolidated Edison comprises about 14.2% of ATLAS Infrastructure Partners UK Ltd.’s investment portfolio, making the stock its 3rd biggest position. ATLAS Infrastructure Partners UK Ltd.’s holdings in Consolidated Edison were worth $282,209,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc grew its position in shares of Consolidated Edison by 194.5% in the third quarter. IFP Advisors Inc now owns 15,208 shares of the utilities provider’s stock valued at $1,559,000 after purchasing an additional 10,044 shares during the last quarter. Strive Asset Management LLC acquired a new stake in shares of Consolidated Edison in the third quarter valued at about $1,005,000. North Dakota State Investment Board acquired a new stake in shares of Consolidated Edison in the fourth quarter valued at about $1,228,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Consolidated Edison by 5.6% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 776,533 shares of the utilities provider’s stock valued at $78,057,000 after purchasing an additional 40,838 shares during the last quarter. Finally, AIA Group Ltd grew its position in Consolidated Edison by 99.5% during the third quarter. AIA Group Ltd now owns 46,786 shares of the utilities provider’s stock worth $4,703,000 after buying an additional 23,337 shares in the last quarter. 66.29% of the stock is owned by institutional investors and hedge funds.

Consolidated Edison Stock Down 1.2%

ED stock opened at $107.07 on Thursday. Consolidated Edison Inc has a twelve month low of $94.96 and a twelve month high of $116.23. The company has a market cap of $39.46 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 2.75 and a beta of 0.27. The business’s 50-day simple moving average is $108.15 and its 200 day simple moving average is $106.64. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.00.

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

Consolidated Edison Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.8875 per share. The ex-dividend date was Wednesday, May 13th. This represents a $3.55 dividend on an annualized basis and a yield of 3.3%. Consolidated Edison’s dividend payout ratio (DPR) is currently 59.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Evercore set a $116.00 target price on Consolidated Edison in a research report on Monday, May 11th. Morgan Stanley set a $99.00 target price on Consolidated Edison in a research report on Thursday, May 21st. Scotiabank lifted their target price on Consolidated Edison from $113.00 to $117.00 and gave the stock a “sector perform” rating in a research report on Friday, February 20th. Citigroup reissued a “buy” rating on shares of Consolidated Edison in a research report on Monday, February 23rd. Finally, Barclays decreased their target price on Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating on the stock in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $107.79.

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.