Consolidated Edison (NYSE:ED) Sees Unusually-High Trading Volume – What’s Next?

Shares of Consolidated Edison Inc (NYSE:ED) saw strong trading volume on Tuesday . 2,496,456 shares were traded during trading, an increase of 24% from the previous session’s volume of 2,017,500 shares.The stock last traded at $110.35 and had previously closed at $112.14.

Analysts Set New Price Targets

ED has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating for the company in a research note on Friday, December 12th. Scotiabank lifted their target price on Consolidated Edison from $113.00 to $117.00 and gave the stock a “sector perform” rating in a research report on Friday. Wells Fargo & Company lowered their target price on shares of Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. KeyCorp cut their price target on shares of Consolidated Edison from $90.00 to $86.00 and set an “underweight” rating on the stock in a report on Friday, December 12th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $118.00 price objective on shares of Consolidated Edison in a report on Friday, January 23rd. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $106.87.

Consolidated Edison Stock Performance

The business has a fifty day simple moving average of $104.03 and a two-hundred day simple moving average of $100.91. The company has a market cap of $39.97 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.98 and a beta of 0.38. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94.

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

Consolidated Edison Increases Dividend

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

Insider Buying and Selling

In other Consolidated Edison news, Director John F. Killian sold 2,276 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $96.89, for a total transaction of $220,521.64. Following the sale, the director owned 38,661 shares in the company, valued at approximately $3,745,864.29. The trade was a 5.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Hedge Funds Weigh In On Consolidated Edison

Institutional investors have recently made changes to their positions in the company. JPL Wealth Management LLC purchased a new position in Consolidated Edison during the third quarter worth approximately $26,000. Basepoint Wealth LLC purchased a new position in shares of Consolidated Edison during the 4th quarter valued at approximately $26,000. Aventura Private Wealth LLC acquired a new stake in Consolidated Edison in the 4th quarter valued at $27,000. Westfuller Advisors LLC purchased a new stake in Consolidated Edison in the 4th quarter worth $27,000. Finally, Dorato Capital Management purchased a new stake in Consolidated Edison in the 4th quarter worth $28,000. 66.29% of the stock is owned by hedge funds and other institutional investors.

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.