Consolidated Edison Inc $ED Shares Sold by Newport Trust Company LLC

Newport Trust Company LLC lessened its stake in Consolidated Edison Inc (NYSE:ED) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 489,408 shares of the utilities provider’s stock after selling 13,747 shares during the period. Newport Trust Company LLC’s holdings in Consolidated Edison were worth $48,608,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new stake in Consolidated Edison in the 3rd quarter valued at approximately $26,000. Aventura Private Wealth LLC acquired a new stake in Consolidated Edison in the 4th quarter valued at approximately $27,000. Westfuller Advisors LLC acquired a new stake in Consolidated Edison in the 4th quarter valued at approximately $27,000. Dorato Capital Management purchased a new position in Consolidated Edison in the 4th quarter valued at approximately $28,000. Finally, WealthCollab LLC boosted its position in Consolidated Edison by 68.4% in the 4th quarter. WealthCollab LLC now owns 315 shares of the utilities provider’s stock valued at $31,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 66.29% of the company’s stock.

Insider Buying and Selling

In related news, SVP Deneen L. Donnley sold 1,922 shares of Consolidated Edison stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total transaction of $218,992.68. Following the sale, the senior vice president directly owned 32,453 shares in the company, valued at $3,697,694.82. This trade represents a 5.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is owned by corporate insiders.

Consolidated Edison Price Performance

Consolidated Edison stock opened at $107.37 on Friday. The stock has a market cap of $39.57 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 2.70 and a beta of 0.29. The company has a fifty day simple moving average of $110.52 and a 200-day simple moving average of $105.72. Consolidated Edison Inc has a 12-month low of $94.96 and a 12-month high of $116.23. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00.

Consolidated Edison (NYSE:ED) last released its quarterly earnings data 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). Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period last year, the firm posted $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts expect that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 13th will be paid a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, May 13th. Consolidated Edison’s dividend payout ratio (DPR) is currently 59.76%.

Analyst Ratings Changes

ED has been the subject of several recent research reports. UBS Group raised their price target on shares of Consolidated Edison from $108.00 to $112.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Evercore set a $116.00 price target on shares of Consolidated Edison in a research report on Monday, May 11th. TD Cowen raised their price target on shares of Consolidated Edison from $105.00 to $112.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th. Bank of America reissued an “underperform” rating and issued a $104.00 price target on shares of Consolidated Edison in a research report on Wednesday, February 25th. Finally, Citigroup reissued a “buy” rating on shares of Consolidated Edison in a research report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $108.71.

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.