Swiss National Bank Trims Stock Holdings in Consolidated Edison Inc $ED

Swiss National Bank lowered its stake in Consolidated Edison Inc (NYSE:ED) by 4.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,038,500 shares of the utilities provider’s stock after selling 51,900 shares during the quarter. Swiss National Bank owned about 0.29% of Consolidated Edison worth $104,390,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Salomon & Ludwin LLC raised its stake in Consolidated Edison by 270.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 219 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Consolidated Edison in the third quarter worth $38,000. JFS Wealth Advisors LLC increased its stake in shares of Consolidated Edison by 36.4% in the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 110 shares in the last quarter. True Wealth Design LLC raised its position in shares of Consolidated Edison by 392.1% during 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 during the period. Finally, Webster Bank N. A. lifted 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 in the last quarter. 66.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Consolidated Edison

In other news, Director John F. Killian sold 2,276 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $3,745,864.29. This represents a 5.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Consolidated Edison Stock Down 0.4%

Shares of ED stock opened at $111.30 on Wednesday. The company’s fifty day simple moving average is $106.76 and its two-hundred day simple moving average is $101.64. Consolidated Edison Inc has a 52 week low of $94.96 and a 52 week high of $115.25. The stock has a market cap of $40.21 billion, a P/E ratio of 19.70, a PEG ratio of 3.00 and a beta of 0.38. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 1.06.

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

Consolidated Edison Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Wednesday, February 18th will be issued a dividend of $0.8875 per share. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $3.55 annualized dividend and a dividend yield of 3.2%. Consolidated Edison’s payout ratio is currently 62.83%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Mizuho set a $118.00 target price on shares of Consolidated Edison in a report on Monday, February 23rd. Royal Bank Of Canada restated a “sector perform” rating and issued a $118.00 price objective on shares of Consolidated Edison in a research report on Friday, January 23rd. KeyCorp upped their price objective on Consolidated Edison from $86.00 to $96.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 4th. Wells Fargo & Company decreased their target price on Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Finally, Barclays boosted their price target on Consolidated Edison from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Tuesday, February 24th. 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $107.73.

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.