Consolidated Edison Inc $ED Stock Position Decreased by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in shares of Consolidated Edison Inc (NYSE:ED) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 510,878 shares of the utilities provider’s stock after selling 32,766 shares during the quarter. SG Americas Securities LLC owned approximately 0.14% of Consolidated Edison worth $57,821,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new stake in shares of Consolidated Edison during the 3rd quarter worth approximately $26,000. Basepoint Wealth LLC bought a new stake in shares of Consolidated Edison in the 4th quarter worth approximately $26,000. Aventura Private Wealth LLC acquired a new position in Consolidated Edison during the 4th quarter valued at approximately $27,000. Westfuller Advisors LLC acquired a new position in Consolidated Edison during the 4th quarter valued at approximately $27,000. Finally, Dorato Capital Management bought a new position in Consolidated Edison during the 4th quarter worth $28,000. Institutional investors own 66.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Mizuho reaffirmed a “neutral” rating and issued a $105.00 target price on shares of Consolidated Edison in a research report on Tuesday, June 2nd. KeyCorp boosted their price target on shares of Consolidated Edison from $96.00 to $97.00 and gave the company an “underweight” rating in a report on Tuesday, April 21st. TD Cowen upped their price target on shares of Consolidated Edison from $105.00 to $112.00 and gave the stock a “hold” rating in a research report on Tuesday, February 24th. Barclays dropped their price objective on shares of Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating on the stock in a report on Monday, May 11th. Finally, Evercore set a $116.00 price objective on shares of Consolidated Edison in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $107.79.

Consolidated Edison Stock Up 0.4%

Shares of Consolidated Edison stock opened at $106.81 on Tuesday. The business’s fifty day moving average price is $107.68 and its two-hundred day moving average price is $106.81. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.19 and a quick ratio of 1.09. The company has a market capitalization of $39.36 billion, a P/E ratio of 17.98, a PEG ratio of 2.70 and a beta of 0.27. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $116.23.

Consolidated Edison (NYSE:ED) last released its quarterly earnings results on Thursday, May 7th. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by ($0.10). The business had revenue of $5.09 billion during 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 period in the previous year, the company posted $2.26 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, research analysts forecast that Consolidated Edison Inc will post 6.09 EPS for the current year.

Consolidated Edison Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, May 13th were given a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Wednesday, May 13th. Consolidated Edison’s dividend payout ratio 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.