Consolidated Edison Inc $ED Shares Acquired by Secured Retirement Advisors LLC

Secured Retirement Advisors LLC grew its position in Consolidated Edison Inc (NYSE:ED) by 38.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,083 shares of the utilities provider’s stock after acquiring an additional 8,862 shares during the quarter. Consolidated Edison comprises 1.8% of Secured Retirement Advisors LLC’s holdings, making the stock its 9th largest position. Secured Retirement Advisors LLC’s holdings in Consolidated Edison were worth $3,225,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Capital Advisors Ltd. LLC lifted its holdings in Consolidated Edison by 53.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 314 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 109 shares in the last quarter. Bogart Wealth LLC raised its position in shares of Consolidated Edison by 886.5% in the second quarter. Bogart Wealth LLC now owns 365 shares of the utilities provider’s stock valued at $37,000 after buying an additional 328 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Consolidated Edison by 1,677.3% in the second quarter. SJS Investment Consulting Inc. now owns 391 shares of the utilities provider’s stock worth $39,000 after buying an additional 369 shares in the last quarter. HFM Investment Advisors LLC acquired a new position in Consolidated Edison during the first quarter worth about $52,000. Finally, Darwin Wealth Management LLC purchased a new stake in Consolidated Edison during the 2nd quarter valued at about $52,000. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Consolidated Edison

In related news, Director John F. Killian sold 2,276 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $96.89, for a total transaction of $220,521.64. Following the completion of the transaction, the director directly owned 38,661 shares of the company’s stock, valued at $3,745,864.29. The trade was a 5.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley set a $92.00 target price on shares of Consolidated Edison in a research note on Tuesday, December 16th. JPMorgan Chase & Co. cut their price target on Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating for the company in a report on Friday, December 12th. Weiss Ratings reissued a “buy (b-)” rating on shares of Consolidated Edison in a research note on Monday. New Street Research set a $106.00 target price on Consolidated Edison in a research note on Monday, October 6th. Finally, KeyCorp reduced their price target on Consolidated Edison from $90.00 to $86.00 and set an “underweight” rating on the stock in a report on Friday, December 12th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $102.54.

Consolidated Edison Stock Up 0.6%

Shares of NYSE:ED opened at $99.53 on Friday. The firm has a market capitalization of $35.92 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 2.88 and a beta of 0.37. Consolidated Edison Inc has a 1 year low of $87.28 and a 1 year high of $114.87. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.08 and a quick ratio of 0.97. The firm’s 50-day moving average is $98.97 and its two-hundred day moving average is $99.91.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.14. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.22 billion. Consolidated Edison had a net margin of 12.27% and a return on equity of 8.79%. During the same quarter in the previous year, the business posted $1.68 earnings per share. Consolidated Edison has set its FY 2025 guidance at 5.600-5.700 EPS. Analysts predict that Consolidated Edison Inc will post 5.62 EPS for the current year.

Consolidated Edison Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Wednesday, November 19th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Wednesday, November 19th. Consolidated Edison’s dividend payout ratio (DPR) is presently 59.44%.

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.