12,362 Shares in Consolidated Edison Inc $ED Bought by North Dakota State Investment Board

North Dakota State Investment Board acquired a new position in shares of Consolidated Edison Inc (NYSE:ED) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,362 shares of the utilities provider’s stock, valued at approximately $1,228,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPL Wealth Management LLC bought a new stake in Consolidated Edison during the 3rd quarter worth $26,000. Aventura Private Wealth LLC bought a new stake in Consolidated Edison during the 4th quarter worth $27,000. Westfuller Advisors LLC bought a new stake in Consolidated Edison during the 4th quarter worth $27,000. Dorato Capital Management bought a new stake in Consolidated Edison during the 4th quarter worth $28,000. Finally, WealthCollab LLC grew its position in Consolidated Edison by 68.4% during the 4th quarter. WealthCollab LLC now owns 315 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 128 shares during the last quarter. Institutional investors own 66.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. KeyCorp boosted their price objective on Consolidated Edison from $96.00 to $97.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada restated a “sector perform” rating and set a $118.00 target price on shares of Consolidated Edison in a research report on Friday, January 23rd. Citigroup restated a “buy” rating on shares of Consolidated Edison in a research report on Monday, February 23rd. Barclays cut their target price on Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating on the stock in a research report on Monday, May 11th. Finally, Bank of America restated an “underperform” rating and set a $104.00 target price on shares of Consolidated Edison in a research report on Wednesday, February 25th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $109.14.

Consolidated Edison Stock Up 1.6%

Shares of Consolidated Edison stock opened at $108.22 on Wednesday. The stock’s 50-day moving average is $110.71 and its 200 day moving average is $105.59. The firm has a market cap of $39.88 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.70 and a beta of 0.29. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.19 and a quick ratio of 1.09. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $116.23.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Thursday, May 7th. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by ($0.10). The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.During the same quarter in the previous year, the company posted $2.26 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts anticipate that Consolidated Edison Inc will post 6.09 EPS for the current year.

Consolidated Edison Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th will be issued a $0.8875 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $3.55 annualized dividend and a yield of 3.3%. Consolidated Edison’s dividend payout ratio is presently 59.76%.

Insider Transactions at Consolidated Edison

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $113.94, for a total value of $218,992.68. Following the transaction, the senior vice president owned 32,453 shares in the company, valued at approximately $3,697,694.82. This represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.

About Consolidated Edison

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.