Consolidated Edison Inc $ED Stock Holdings Increased by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC lifted its stake in Consolidated Edison Inc (NYSE:ED) by 201.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 508,222 shares of the utilities provider’s stock after acquiring an additional 339,790 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Consolidated Edison were worth $50,477,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Nuance Investments LLC acquired a new position in Consolidated Edison during the third quarter valued at approximately $4,017,000. Bryce Point Capital LLC acquired a new position in Consolidated Edison during the third quarter valued at approximately $556,000. Caprock Group LLC acquired a new position in Consolidated Edison during the third quarter valued at approximately $2,586,000. IFP Advisors Inc grew its holdings in Consolidated Edison by 194.5% during the third quarter. IFP Advisors Inc now owns 15,208 shares of the utilities provider’s stock valued at $1,559,000 after purchasing an additional 10,044 shares during the last quarter. Finally, ING Groep NV boosted its position in shares of Consolidated Edison by 34.3% in the third quarter. ING Groep NV now owns 46,687 shares of the utilities provider’s stock valued at $4,693,000 after acquiring an additional 11,916 shares during the period. Institutional investors and hedge funds own 66.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America reissued an “underperform” rating and issued a $104.00 price objective on shares of Consolidated Edison in a research report on Wednesday, February 25th. Mizuho set a $118.00 price objective on Consolidated Edison in a research report on Monday, February 23rd. KeyCorp raised their target price on Consolidated Edison from $96.00 to $97.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 21st. TD Cowen raised their target price on Consolidated Edison from $105.00 to $112.00 and gave the stock a “hold” rating in a research report on Tuesday, February 24th. Finally, Morgan Stanley set a $99.00 target price on Consolidated Edison in a research report on Thursday, May 21st. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $108.71.

Consolidated Edison Price Performance

Shares of ED stock opened at $103.69 on Tuesday. The stock has a 50-day moving average price of $109.61 and a 200 day moving average price of $106.18. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.00. The firm has a market cap of $38.21 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.68 and a beta of 0.27. Consolidated Edison Inc has a 12 month low of $94.96 and a 12 month high of $116.23.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings data on Thursday, May 7th. The utilities provider reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.10). The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates 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 business earned $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts expect that Consolidated Edison Inc will post 6.09 EPS for the current year.

Consolidated Edison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th will be paid a $0.8875 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $3.55 annualized dividend and a yield of 3.4%. Consolidated Edison’s payout ratio is presently 59.76%.

Insider Buying and Selling

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of the business’s 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 sale, the senior vice president owned 32,453 shares in the company, valued at approximately $3,697,694.82. The trade was a 5.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.