Consolidated Edison (NYSE:ED) SVP Sells 1,922 Shares

Consolidated Edison Inc (NYSE:ED) SVP Deneen Donnley sold 1,922 shares of Consolidated Edison stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $113.94, for a total value of $218,992.68. Following the sale, the senior vice president directly owned 32,453 shares of the company’s stock, valued at $3,697,694.82. This trade represents a 5.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Consolidated Edison Stock Performance

NYSE ED traded up $1.72 during trading hours on Friday, reaching $114.85. The stock had a trading volume of 1,762,531 shares, compared to its average volume of 2,242,243. Consolidated Edison Inc has a 52-week low of $94.96 and a 52-week high of $115.37. The stock has a fifty day moving average of $107.28 and a 200 day moving average of $101.79. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 1.02. The stock has a market cap of $41.49 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 3.00 and a beta of 0.38.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.86 by $0.03. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.71 billion. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts predict that Consolidated Edison Inc will post 5.62 earnings per share for the current year.

Consolidated Edison Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 18th will be given a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $3.55 annualized dividend and a yield of 3.1%. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. Consolidated Edison’s payout ratio is 62.83%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Basepoint Wealth LLC acquired a new position in shares of Consolidated Edison during the 4th quarter worth approximately $26,000. JPL Wealth Management LLC acquired a new position in Consolidated Edison during the third quarter worth $26,000. Aventura Private Wealth LLC purchased a new stake in Consolidated Edison in the 4th quarter valued at $27,000. Westfuller Advisors LLC acquired a new position in shares of Consolidated Edison during the 4th quarter valued at about $27,000. Finally, Dorato Capital Management acquired a new position in shares of Consolidated Edison during the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Wall Street Analyst Weigh In

ED has been the topic of a number of recent research reports. TD Cowen upped their target price on Consolidated Edison from $105.00 to $112.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. KeyCorp boosted their price target on Consolidated Edison from $86.00 to $96.00 and gave the company an “underweight” rating in a report on Wednesday, March 4th. Morgan Stanley reaffirmed an “underweight” rating and set a $102.00 price objective on shares of Consolidated Edison in a research note on Friday, February 20th. Citigroup reiterated a “buy” rating on shares of Consolidated Edison in a research note on Monday, February 23rd. Finally, Bank of America reissued an “underperform” rating and set a $104.00 price target on shares of Consolidated Edison in a report on Wednesday, February 25th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $108.80.

About Consolidated Edison

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.