Tableaux LLC Grows Holdings in Consolidated Edison Inc $ED

Tableaux LLC boosted its position in Consolidated Edison Inc (NYSE:ED) by 131.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,338 shares of the utilities provider’s stock after acquiring an additional 5,308 shares during the quarter. Tableaux LLC’s holdings in Consolidated Edison were worth $939,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Salomon & Ludwin LLC lifted its stake in shares of Consolidated Edison by 270.4% in the third quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 219 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Consolidated Edison during the 3rd quarter worth approximately $38,000. True Wealth Design LLC raised its position in shares of Consolidated Edison by 392.1% in the 3rd quarter. True Wealth Design LLC now owns 497 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 396 shares in the last quarter. Webster Bank N. A. boosted its stake in shares of Consolidated Edison by 67.8% during the 3rd quarter. Webster Bank N. A. now owns 495 shares of the utilities provider’s stock valued at $50,000 after buying an additional 200 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of Consolidated Edison during the 2nd quarter valued at approximately $52,000. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Edison Trading Down 1.0%

NYSE ED opened at $111.02 on Wednesday. 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 one year low of $94.96 and a one year high of $115.25. The company has a 50-day simple moving average of $104.27 and a 200-day simple moving average of $100.96. The firm has a market capitalization of $40.11 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 3.04 and a beta of 0.38.

Consolidated Edison (NYSE:ED) last issued its earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter last year, the company posted $0.98 earnings per share. Consolidated Edison’s revenue was up 8.9% on a year-over-year basis. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts forecast that Consolidated Edison Inc will post 5.62 earnings per share for the current year.

Consolidated Edison Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Wednesday, February 18th will be given a dividend of $0.8875 per share. The ex-dividend date is Wednesday, February 18th. This represents a $3.55 dividend on an annualized basis and a yield of 3.2%. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. Consolidated Edison’s payout ratio is presently 62.83%.

Insider Buying and Selling

In other Consolidated Edison news, Director John F. Killian sold 2,276 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $96.89, for a total value of $220,521.64. Following the sale, the director directly owned 38,661 shares of the company’s stock, valued at $3,745,864.29. This trade represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ED has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Consolidated Edison in a report on Monday, December 29th. KeyCorp dropped their target price on shares of Consolidated Edison from $90.00 to $86.00 and set an “underweight” rating for the company in a research report on Friday, December 12th. Scotiabank increased their price target on shares of Consolidated Edison from $113.00 to $117.00 and gave the stock a “sector perform” rating in a research report on Friday. Barclays lifted their price target on Consolidated Edison from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, Mizuho set a $118.00 price objective on Consolidated Edison in a research note on Monday. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $106.87.

Consolidated Edison 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.