DJE Kapital AG Invests $14.79 Million in Consolidated Edison Inc $ED

DJE Kapital AG acquired a new position in Consolidated Edison Inc (NYSE:ED) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 148,200 shares of the utilities provider’s stock, valued at approximately $14,793,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Basepoint Wealth LLC acquired a new stake in shares of Consolidated Edison in the fourth quarter worth $26,000. JPL Wealth Management LLC acquired a new position in Consolidated Edison during the 3rd quarter valued at $26,000. Aventura Private Wealth LLC acquired a new position in Consolidated Edison during the 4th quarter valued at $27,000. Westfuller Advisors LLC acquired a new position in Consolidated Edison during the 4th quarter valued at $27,000. Finally, Dorato Capital Management acquired a new position in Consolidated Edison during the 4th quarter valued at $28,000. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ED shares. Mizuho reiterated a “neutral” rating and set a $105.00 target price on shares of Consolidated Edison in a research note on Tuesday, June 2nd. Citigroup reiterated a “buy” rating on shares of Consolidated Edison in a research note on Monday, February 23rd. The Goldman Sachs Group reiterated a “sell” rating and set a $105.00 target price on shares of Consolidated Edison in a research note on Thursday, May 14th. TD Cowen upped their target price on shares of Consolidated Edison from $105.00 to $112.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Consolidated Edison from $107.00 to $113.00 and gave the company an “underweight” rating in a research note on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Consolidated Edison has a consensus rating of “Reduce” and a consensus price target of $107.79.

Consolidated Edison Trading Down 0.6%

Shares of Consolidated Edison stock opened at $106.98 on Friday. The firm has a market capitalization of $39.43 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 2.73 and a beta of 0.27. 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’s fifty day moving average price is $108.72 and its two-hundred day moving average price is $106.41. Consolidated Edison Inc has a 52-week low of $94.96 and a 52-week high of $116.23.

Consolidated Edison (NYSE:ED) last announced 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 $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. During the same period last year, the firm earned $2.26 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts expect that Consolidated Edison Inc will post 6.09 EPS for the current year.

Consolidated Edison Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th will be issued a $0.8875 dividend. This represents a $3.55 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, May 13th. Consolidated Edison’s payout ratio is 59.76%.

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.