Consolidated Edison Inc $ED Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Consolidated Edison Inc (NYSE:ED) by 33.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 911,013 shares of the utilities provider’s stock after selling 452,737 shares during the period. Robeco Institutional Asset Management B.V. owned 0.25% of Consolidated Edison worth $93,115,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ED. Diversify Advisory Services LLC lifted its position in shares of Consolidated Edison by 3.1% during the third quarter. Diversify Advisory Services LLC now owns 4,682 shares of the utilities provider’s stock worth $514,000 after purchasing an additional 140 shares in the last quarter. Revisor Wealth Management LLC grew its stake in shares of Consolidated Edison by 3.4% during the third quarter. Revisor Wealth Management LLC now owns 3,736 shares of the utilities provider’s stock valued at $418,000 after purchasing an additional 122 shares during the last quarter. Prime Capital Investment Advisors LLC increased its holdings in shares of Consolidated Edison by 3.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 4,719 shares of the utilities provider’s stock valued at $482,000 after purchasing an additional 141 shares in the last quarter. Ballast Inc. increased its holdings in shares of Consolidated Edison by 5.1% in the third quarter. Ballast Inc. now owns 21,580 shares of the utilities provider’s stock valued at $2,206,000 after purchasing an additional 1,055 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Consolidated Edison by 2.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,885 shares of the utilities provider’s stock valued at $5,712,000 after purchasing an additional 1,286 shares in the last quarter. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Stock Down 0.1%

Shares of NYSE ED opened at $111.82 on Thursday. The firm has a market capitalization of $41.35 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 3.88 and a beta of 0.26. 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 Inc has a 1 year low of $94.96 and a 1 year high of $116.23. The firm’s 50-day moving average is $106.73 and its 200-day moving average is $108.38.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.60 billion. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. During the same quarter in the previous year, the company earned $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts expect that Consolidated Edison Inc will post 6.10 EPS for the current year.

Consolidated Edison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, November 18th will be paid 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 yield of 3.2%. Consolidated Edison’s dividend payout ratio (DPR) is presently 58.29%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ED. Morgan Stanley dropped their price objective on shares of Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating for the company in a research report on Friday, September 18th. KeyCorp decreased their price objective on Consolidated Edison from $94.00 to $87.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 13th. Mizuho set a $108.00 price objective on Consolidated Edison in a research report on Wednesday, October 7th. Evercore reissued a “positive” rating and issued a $112.00 target price on shares of Consolidated Edison in a research note on Monday, August 17th. Finally, Barclays dropped their target price on Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating for the company in a research report on Friday, August 7th. Three 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 company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $107.73.

Consolidated Edison 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.