Consolidated Edison Inc $ED Stock Holdings Raised by Vinva Investment Management Ltd

Vinva Investment Management Ltd lifted its stake in shares of Consolidated Edison Inc (NYSE:ED) by 219.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,077 shares of the utilities provider’s stock after purchasing an additional 30,258 shares during the period. Vinva Investment Management Ltd’s holdings in Consolidated Edison were worth $4,389,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ED. Revolve Wealth Partners LLC increased its holdings in Consolidated Edison by 13.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider’s stock valued at $332,000 after buying an additional 441 shares during the last quarter. Empowered Funds LLC lifted its holdings in Consolidated Edison by 42.1% during the 1st quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider’s stock worth $993,000 after buying an additional 2,659 shares during the last quarter. Woodline Partners LP lifted its holdings in Consolidated Edison by 40.7% during the 1st quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider’s stock worth $3,237,000 after buying an additional 8,468 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in shares of Consolidated Edison by 46.7% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 3,714 shares of the utilities provider’s stock worth $373,000 after acquiring an additional 1,183 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its position in shares of Consolidated Edison by 13.6% in the 2nd quarter. Golden State Wealth Management LLC now owns 837 shares of the utilities provider’s stock worth $84,000 after acquiring an additional 100 shares in the last quarter. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Consolidated Edison

In other news, Director John F. Killian sold 2,276 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $96.89, for a total value of $220,521.64. Following the completion of the sale, the director directly owned 38,661 shares of the company’s stock, valued at approximately $3,745,864.29. This represents a 5.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ED. Wells Fargo & Company dropped their price target on Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. KeyCorp lifted their price objective on shares of Consolidated Edison from $86.00 to $96.00 and gave the stock an “underweight” rating in a report on Wednesday, March 4th. UBS Group boosted their target price on shares of Consolidated Edison from $108.00 to $112.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Barclays increased their target price on shares of Consolidated Edison from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, December 12th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Consolidated Edison has a consensus rating of “Reduce” and an average target price of $107.73.

Consolidated Edison Trading Up 1.6%

NYSE:ED opened at $112.43 on Monday. The stock has a market cap of $40.62 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 3.02 and a beta of 0.38. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 1.02. Consolidated Edison Inc has a 1 year low of $94.96 and a 1 year high of $115.25. The business has a fifty day moving average of $106.28 and a 200-day moving average of $101.50.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The business had revenue of $3.99 billion for 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 company’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities 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. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.85. The ex-dividend date is Wednesday, February 18th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.2%. Consolidated Edison’s payout ratio is presently 62.83%.

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.