Quantbot Technologies LP Acquires Shares of 33,486 Consolidated Edison Inc $ED

Quantbot Technologies LP acquired a new position in shares of Consolidated Edison Inc (NYSE:ED) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 33,486 shares of the utilities provider’s stock, valued at approximately $3,366,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC boosted its position in shares of Consolidated Edison by 270.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 219 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Consolidated Edison during the third quarter worth approximately $38,000. JFS Wealth Advisors LLC lifted its stake in Consolidated Edison by 36.4% in the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $41,000 after buying an additional 110 shares during the last quarter. True Wealth Design LLC boosted its holdings in shares of Consolidated Edison by 392.1% in the third quarter. True Wealth Design LLC now owns 497 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 396 shares during the period. Finally, Webster Bank N. A. grew its position in shares of Consolidated Edison by 67.8% during the third quarter. Webster Bank N. A. now owns 495 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 66.29% of the company’s stock.

Consolidated Edison Price Performance

Shares of NYSE:ED opened at $112.15 on Tuesday. Consolidated Edison Inc has a 52 week low of $94.96 and a 52 week high of $115.25. The company has a 50-day moving average price of $105.26 and a 200 day moving average price of $101.19. The company has a market cap of $40.51 billion, a P/E ratio of 19.85, a PEG ratio of 3.01 and a beta of 0.38. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 1.06.

Consolidated Edison (NYSE:ED) last released its earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.03. The company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.71 billion. Consolidated Edison had a return on equity of 8.50% and a net margin of 11.95%.The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts predict that Consolidated Edison Inc will post 5.62 earnings per share for the current year.

Consolidated Edison Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 18th will be issued a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a yield of 3.2%. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Wednesday, February 18th. Consolidated Edison’s dividend payout ratio is 62.83%.

Insider Activity at Consolidated Edison

In other news, Director John F. Killian sold 2,276 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $96.89, for a total transaction of $220,521.64. Following the transaction, the director directly owned 38,661 shares of the company’s stock, valued at $3,745,864.29. This represents a 5.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley reiterated an “underweight” rating and issued a $102.00 price target on shares of Consolidated Edison in a research report on Friday, February 20th. KeyCorp dropped their price objective on shares of Consolidated Edison from $90.00 to $86.00 and set an “underweight” rating on the stock in a research note on Friday, December 12th. JPMorgan Chase & Co. decreased their target price on shares of Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating for the company in a research note on Friday, December 12th. Wells Fargo & Company lowered their price target on Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Finally, Barclays upped their price objective on Consolidated Edison from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $107.07.

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.