8,356 Shares in Consolidated Edison Inc $ED Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in Consolidated Edison Inc (NYSE:ED) during the second quarter, HoldingsChannel reports. The institutional investor bought 8,356 shares of the utilities provider’s stock, valued at approximately $924,000.

A number of other large investors have also recently bought and sold shares of the stock. Korea Investment CORP purchased a new position in Consolidated Edison during the second quarter worth $29,671,000. EP Wealth Advisors LLC acquired a new position in shares of Consolidated Edison in the second quarter worth $2,247,000. Heartland Bank & Trust Co purchased a new stake in shares of Consolidated Edison in the second quarter valued at $278,000. Pinnacle West Asset Management Inc. acquired a new stake in shares of Consolidated Edison during the second quarter valued at $325,000. Finally, Ieq Capital LLC purchased a new stake in Consolidated Edison during the 2nd quarter worth about $7,058,000. Institutional investors and hedge funds own 66.29% of the company’s stock.

Consolidated Edison Stock Performance

Consolidated Edison stock opened at $106.52 on Monday. The stock has a fifty day moving average price of $109.96 and a 200 day moving average price of $109.91. Consolidated Edison Inc has a 52 week low of $94.96 and a 52 week high of $116.23. The firm has a market capitalization of $39.39 billion, a P/E ratio of 17.49, a PEG ratio of 2.76 and a beta of 0.27. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 1.04.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. The firm 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 period last year, the company earned $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts anticipate that Consolidated Edison Inc will post 6.09 earnings per share for the current year.

Consolidated Edison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Wednesday, August 19th will be given a $0.8875 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.55 annualized dividend and a dividend yield of 3.3%. Consolidated Edison’s dividend payout ratio (DPR) is currently 58.29%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ED. Argus set a $112.00 target price on shares of Consolidated Edison in a research note on Tuesday, June 23rd. Barclays decreased their price target on shares of Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating on the stock in a research note on Friday, August 7th. Morgan Stanley cut their price objective on shares of Consolidated Edison from $105.00 to $101.00 and set an “underweight” rating for the company in a research report on Friday. Mizuho set a $114.00 price objective on shares of Consolidated Edison in a research report on Monday, July 27th. Finally, Evercore reissued a “positive” rating and set a $112.00 price objective on shares of Consolidated Edison in a research note on Monday, August 17th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $108.93.

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.