Consolidated Edison Inc (ED) To Go Ex-Dividend on November 18th

Consolidated Edison Inc (NYSE:ED) declared a quarterly dividend on Thursday, October 15th. Investors of record on Wednesday, November 18th will be paid a dividend of $0.8875 per share by the utilities provider on Tuesday, December 15th. This represents a $3.55 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, November 18th.

Consolidated Edison has a dividend payout ratio of 59.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Consolidated Edison to earn $6.49 per share next year, which means the company should continue to be able to cover its $3.55 annual dividend with an expected future payout ratio of 54.7%.

Consolidated Edison Stock Up 2.2%

Shares of ED stock traded up $2.41 during mid-day trading on Friday, hitting $112.27. The company’s stock had a trading volume of 2,208,087 shares, compared to its average volume of 2,356,124. Consolidated Edison has a 52-week low of $94.96 and a 52-week high of $116.23. The business has a 50-day moving average price of $106.48 and a 200 day moving average price of $108.48. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27. The stock has a market cap of $41.52 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 3.80 and a beta of 0.26.

Consolidated Edison (NYSE:ED) last posted its earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.07. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.60 billion. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. During the same quarter in the prior year, the business earned $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts predict that Consolidated Edison will post 6.10 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ED. Cornerstone Financial Management LLC boosted its stake in Consolidated Edison by 43.2% during the second quarter. Cornerstone Financial Management LLC now owns 318 shares of the utilities provider’s stock valued at $35,000 after buying an additional 96 shares during the last quarter. Charles Schwab Trust Co raised its stake in Consolidated Edison by 2.3% during the third quarter. Charles Schwab Trust Co now owns 4,400 shares of the utilities provider’s stock valued at $450,000 after purchasing an additional 100 shares in the last quarter. Sachetta LLC raised its stake in Consolidated Edison by 72.9% during the first quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 102 shares in the last quarter. Frank Rimerman Advisors LLC lifted its position in Consolidated Edison by 1.3% during the first quarter. Frank Rimerman Advisors LLC now owns 8,275 shares of the utilities provider’s stock valued at $937,000 after purchasing an additional 105 shares during the last quarter. Finally, Activest Wealth Management lifted its position in Consolidated Edison by 77.3% during the third quarter. Activest Wealth Management now owns 250 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Consolidated Edison Company Profile

Consolidated Edison, Inc is an energy delivery company headquartered in New York. Through its principal subsidiary, Consolidated Edison Company of New York, Inc, the company provides electric, natural gas and steam service to customers in New York City and Westchester County.

Consolidated Edison also owns Orange and Rockland Utilities, Inc, which delivers electricity and natural gas in parts of southeastern New York, northern New Jersey and northeastern Pennsylvania. Its utility operations include the generation, transmission, distribution and delivery of energy, as well as the operation and maintenance of related infrastructure.

With roots tracing to the New York Gas Light Company, established in 1823, Consolidated Edison has developed into one of the United States’ largest investor-owned energy-delivery companies.