Tableaux LLC Decreases Stock Position in Consolidated Edison Inc $ED

Tableaux LLC decreased its position in shares of Consolidated Edison Inc (NYSE:ED) by 13.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,030 shares of the utilities provider’s stock after selling 639 shares during the period. Tableaux LLC’s holdings in Consolidated Edison were worth $404,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ED. Capital Advisors Ltd. LLC boosted its position in Consolidated Edison by 53.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 314 shares of the utilities provider’s stock valued at $32,000 after buying an additional 109 shares during the last quarter. Financial Network Wealth Advisors LLC acquired a new position in shares of Consolidated Edison in the first quarter worth about $33,000. Cary Street Partners Investment Advisory LLC boosted its holdings in Consolidated Edison by 64.9% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 305 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 120 shares during the last quarter. Bogart Wealth LLC grew its stake in Consolidated Edison by 886.5% during the 2nd quarter. Bogart Wealth LLC now owns 365 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 328 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its holdings in Consolidated Edison by 1,677.3% during the 2nd quarter. SJS Investment Consulting Inc. now owns 391 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 369 shares during the last quarter. Institutional investors and hedge funds own 66.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ED. Evercore ISI began coverage on Consolidated Edison in a research note on Tuesday, October 7th. They set an “in-line” rating and a $106.00 target price for the company. KeyCorp upped their price target on shares of Consolidated Edison from $88.00 to $90.00 and gave the company an “underweight” rating in a report on Wednesday, October 15th. New Street Research set a $106.00 price objective on shares of Consolidated Edison in a report on Monday, October 6th. Mizuho boosted their target price on shares of Consolidated Edison from $107.00 to $112.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Barclays reduced their price target on shares of Consolidated Edison from $105.00 to $101.00 and set an “underweight” rating on the stock in a research report on Monday, November 10th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $104.58.

Consolidated Edison Trading Down 1.1%

Consolidated Edison stock opened at $99.86 on Friday. Consolidated Edison Inc has a 1 year low of $87.28 and a 1 year high of $114.87. The firm’s 50-day moving average is $99.41 and its 200-day moving average is $100.92. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.10. The company has a market cap of $36.04 billion, a P/E ratio of 18.12, a PEG ratio of 2.70 and a beta of 0.32.

Consolidated Edison (NYSE:ED) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.14. Consolidated Edison had a net margin of 11.98% and a return on equity of 8.56%. During the same quarter last year, the business earned $1.68 EPS. Consolidated Edison has set its FY 2025 guidance at 5.600-5.700 EPS. On average, equities analysts expect that Consolidated Edison Inc will post 5.62 earnings per share for the current year.

Consolidated Edison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Wednesday, November 19th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $3.40 annualized dividend and a dividend yield of 3.4%. Consolidated Edison’s dividend payout ratio (DPR) is 59.44%.

Consolidated Edison Company Profile

Consolidated Edison, Inc, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan.