Generali Asset Management SPA SGR Grows Stock Position in Consolidated Edison Inc $ED

Generali Asset Management SPA SGR boosted its stake in shares of Consolidated Edison Inc (NYSE:ED) by 36.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,869 shares of the utilities provider’s stock after acquiring an additional 14,524 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Consolidated Edison were worth $5,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Crestwood Advisors Group LLC grew its position in Consolidated Edison by 49.3% during the 4th quarter. Crestwood Advisors Group LLC now owns 5,348 shares of the utilities provider’s stock worth $531,000 after acquiring an additional 1,767 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Consolidated Edison by 30.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 28,916 shares of the utilities provider’s stock valued at $2,872,000 after purchasing an additional 6,729 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of Consolidated Edison by 0.5% during the fourth quarter. Gateway Investment Advisers LLC now owns 188,003 shares of the utilities provider’s stock valued at $18,672,000 after purchasing an additional 939 shares during the period. Indivisible Partners bought a new position in shares of Consolidated Edison in the fourth quarter worth approximately $271,000. Finally, Swedbank AB grew its holdings in shares of Consolidated Edison by 1.9% in the fourth quarter. Swedbank AB now owns 331,793 shares of the utilities provider’s stock worth $32,954,000 after purchasing an additional 6,112 shares during the last quarter. 66.29% of the stock is currently owned by institutional investors.

Consolidated Edison News Summary

Here are the key news stories impacting Consolidated Edison this week:

• Positive Sentiment: Con Edison reported higher first-quarter net income and revenue, supported by robust electricity, gas, and steam demand. Reuters article
• Positive Sentiment: The company reiterated full-year EPS guidance of $6.00 to $6.20, which is broadly in line with expectations and signals stable outlook for the regulated utility. PR Newswire article
• Neutral Sentiment: Management continues to highlight long-term investment plans, including a large capital spending program, which could support future rate base growth but will also require significant spending. MSN article
• Negative Sentiment: Adjusted quarterly earnings missed analysts’ estimates, reflecting higher expenses and softer-than-expected profitability. Zacks article
• Negative Sentiment: Revenue also came in below consensus, reinforcing concerns that near-term results may not be as strong as investors had hoped. MarketWatch article

Analyst Ratings Changes

A number of equities research analysts recently commented on ED shares. Wells Fargo & Company set a $98.00 price target on shares of Consolidated Edison in a report on Tuesday, April 21st. Morgan Stanley cut their price target on shares of Consolidated Edison from $106.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Citigroup restated a “buy” rating on shares of Consolidated Edison in a research report on Monday, February 23rd. Weiss Ratings raised shares of Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. raised their target price on Consolidated Edison from $107.00 to $113.00 and gave the stock an “underweight” rating in a research note on Thursday, March 12th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $108.92.

Consolidated Edison Stock Performance

Shares of ED stock opened at $106.34 on Friday. The firm has a market capitalization of $39.18 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 2.71 and a beta of 0.29. The stock has a fifty day moving average of $111.55 and a 200 day moving average of $105.24. Consolidated Edison Inc has a 52 week low of $94.96 and a 52 week high of $116.23. 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 issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.10). Consolidated Edison had a net margin of 12.52% and a return on equity of 8.47%. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the previous year, the firm posted $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, research analysts expect that Consolidated Edison Inc will post 6.08 earnings per share for the current year.

Consolidated Edison Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 13th will be given a dividend of $0.8875 per share. The ex-dividend date is Wednesday, May 13th. This represents a $3.55 annualized dividend and a dividend yield of 3.3%. Consolidated Edison’s payout ratio is currently 62.83%.

Insider Buying and Selling at Consolidated Edison

In related news, SVP Deneen L. Donnley sold 1,922 shares of the company’s stock in a transaction on 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 represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is owned by corporate insiders.

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.