4,827 Consolidated Edison Inc $ED Shares Sold by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lowered its stake in Consolidated Edison Inc (NYSE:ED) by 10.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 40,602 shares of the utilities provider’s stock after selling 4,827 shares during the period. Generali Asset Management SPA SGR’s holdings in Consolidated Edison were worth $4,150,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its holdings in Consolidated Edison by 3.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 202,738 shares of the utilities provider’s stock valued at $20,722,000 after buying an additional 6,309 shares during the period. SYM FINANCIAL Corp increased its position in Consolidated Edison by 5.0% during the third quarter. SYM FINANCIAL Corp now owns 2,158 shares of the utilities provider’s stock valued at $221,000 after acquiring an additional 102 shares during the last quarter. Oakworth Capital Inc. raised its stake in shares of Consolidated Edison by 13.2% in the third quarter. Oakworth Capital Inc. now owns 1,381 shares of the utilities provider’s stock valued at $141,000 after acquiring an additional 161 shares during the period. Harrison Street Private Wealth LLC raised its stake in shares of Consolidated Edison by 9.4% in the third quarter. Harrison Street Private Wealth LLC now owns 13,216 shares of the utilities provider’s stock valued at $1,351,000 after acquiring an additional 1,140 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Consolidated Edison by 4.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 16,337 shares of the utilities provider’s stock worth $1,670,000 after acquiring an additional 663 shares during the last quarter. 66.29% of the stock is owned by institutional investors.

Consolidated Edison Price Performance

NYSE ED opened at $114.18 on Thursday. The company has a market cap of $42.23 billion, a PE ratio of 18.75, a P/E/G ratio of 4.01 and a beta of 0.26. The firm’s 50 day moving average price is $107.41 and its 200-day moving average price is $108.76. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27. Consolidated Edison Inc has a 52-week low of $94.96 and a 52-week high of $116.50.

Consolidated Edison (NYSE:ED) last posted its earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.07. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.60 billion. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts forecast that Consolidated Edison Inc will post 6.10 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Wednesday, November 18th will be given a $0.8875 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.1%. Consolidated Edison’s payout ratio is presently 58.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ED shares. Royal Bank Of Canada reduced their price target on Consolidated Edison from $110.00 to $109.00 in a report on Monday. Morgan Stanley cut their price objective on Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, September 18th. Scotiabank reduced their target price on Consolidated Edison from $117.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 30th. Wells Fargo & Company lifted their target price on Consolidated Edison from $106.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Finally, HSBC began coverage on Consolidated Edison in a research report on Thursday, October 22nd. They set a “hold” rating and a $104.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $108.09.

Consolidated Edison Company Profile

Consolidated Edison, Inc is a diversified energy company headquartered in New York City. Through its regulated utility subsidiaries, the company delivers electricity, natural gas and steam to residential, commercial and industrial customers.

Its principal subsidiary, Consolidated Edison Company of New York, provides electric service throughout New York City and Westchester County, along with gas service in Manhattan, the Bronx, parts of Queens and Westchester County, and steam service in parts of Manhattan.