11,651 Consolidated Edison Inc $ED Shares Sold by Vest Financial LLC

Vest Financial LLC lowered its position in shares of Consolidated Edison Inc (NYSE:ED) by 2.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 437,175 shares of the utilities provider’s stock after selling 11,651 shares during the quarter. Vest Financial LLC’s holdings in Consolidated Edison were worth $44,684,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ED. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of Consolidated Edison during the 3rd quarter valued at $511,000. PFS Partners LLC boosted its position in Consolidated Edison by 12.2% during the 3rd quarter. PFS Partners LLC now owns 836 shares of the utilities provider’s stock worth $85,000 after purchasing an additional 91 shares during the period. Magnus Financial Group LLC increased its holdings in Consolidated Edison by 2.3% in the 3rd quarter. Magnus Financial Group LLC now owns 6,584 shares of the utilities provider’s stock valued at $673,000 after purchasing an additional 150 shares in the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of Consolidated Edison during the third quarter worth about $303,000. Finally, Carnegie Investment Counsel boosted its position in shares of Consolidated Edison by 139.6% in the third quarter. Carnegie Investment Counsel now owns 7,020 shares of the utilities provider’s stock worth $718,000 after buying an additional 4,090 shares during the period. Institutional investors and hedge funds own 66.29% of the company’s stock.

Consolidated Edison Price Performance

Shares of ED opened at $111.82 on Thursday. Consolidated Edison Inc has a 12 month low of $94.96 and a 12 month high of $116.23. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17. The stock has a fifty day moving average price of $106.73 and a 200 day moving average price of $108.38. The company has a market cap of $41.35 billion, a P/E ratio of 18.36, a PEG ratio of 3.88 and a beta of 0.26.

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

Consolidated Edison Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Wednesday, November 18th will be issued a $0.8875 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.2%. Consolidated Edison’s dividend payout ratio is presently 58.29%.

Wall Street Analysts Forecast Growth

ED has been the subject of a number of analyst reports. Morgan Stanley decreased their price target on Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating for the company in a report on Friday, September 18th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $105.00 price objective on shares of Consolidated Edison in a research report on Tuesday, October 6th. Mizuho set a $108.00 price objective on shares of Consolidated Edison in a research note on Wednesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Consolidated Edison in a research report on Monday. Finally, KeyCorp reduced their target price on shares of Consolidated Edison from $94.00 to $87.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 13th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, Consolidated Edison presently has a consensus rating of “Reduce” and a consensus price target 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.