Consolidated Edison Inc $ED Position Increased by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ boosted its holdings in Consolidated Edison Inc (NYSE:ED) by 25.5% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 155,717 shares of the utilities provider’s stock after buying an additional 31,660 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Consolidated Edison were worth $17,624,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. GW&K Investment Management LLC grew its holdings in shares of Consolidated Edison by 28.5% in the 4th quarter. GW&K Investment Management LLC now owns 419 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 93 shares during the last quarter. Meadowbrook Wealth Management LLC lifted its holdings in shares of Consolidated Edison by 2.2% during the fourth quarter. Meadowbrook Wealth Management LLC now owns 4,687 shares of the utilities provider’s stock valued at $466,000 after purchasing an additional 100 shares during the last quarter. bLong Financial LLC boosted its position in shares of Consolidated Edison by 1.3% in the 4th quarter. bLong Financial LLC now owns 7,775 shares of the utilities provider’s stock valued at $772,000 after purchasing an additional 100 shares during the period. Bridgewater Advisors Inc. boosted its position in shares of 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. Finally, Venture Visionary Partners LLC increased its stake in Consolidated Edison by 2.0% in the 4th quarter. Venture Visionary Partners LLC now owns 5,606 shares of the utilities provider’s stock worth $557,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 66.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ED. Mizuho restated a “neutral” rating and set a $105.00 price objective on shares of Consolidated Edison in a report on Tuesday, June 2nd. Evercore set a $116.00 price target on shares of Consolidated Edison in a report on Monday, May 11th. KeyCorp lifted their target price on shares of Consolidated Edison from $96.00 to $97.00 and gave the company an “underweight” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. raised their price target on shares of Consolidated Edison from $107.00 to $113.00 and gave the stock an “underweight” rating in a research note on Thursday, March 12th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Consolidated Edison in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, Consolidated Edison presently has an average rating of “Reduce” and a consensus target price of $108.07.

Consolidated Edison Stock Performance

ED opened at $110.73 on Wednesday. The company has a market capitalization of $40.81 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 2.85 and a beta of 0.27. The business’s 50-day moving average price is $107.62 and its two-hundred day moving average price is $107.44. Consolidated Edison Inc has a 1 year low of $94.96 and a 1 year high of $116.23. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.19 and a quick ratio of 1.09.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($0.10). The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.22 billion. Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.During the same period in the prior year, the company earned $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts expect that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Wednesday, May 13th were paid a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, May 13th. Consolidated Edison’s dividend payout ratio (DPR) is currently 59.76%.

Consolidated Edison 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.