Vise Technologies Inc. Acquires 10,756 Shares of Consolidated Edison Inc $ED

Vise Technologies Inc. raised its holdings in Consolidated Edison Inc (NYSE:ED) by 110.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,491 shares of the utilities provider’s stock after acquiring an additional 10,756 shares during the period. Vise Technologies Inc.’s holdings in Consolidated Edison were worth $2,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ED. Basepoint Wealth LLC bought a new position in Consolidated Edison in the fourth quarter valued at about $26,000. JPL Wealth Management LLC bought a new stake in shares of Consolidated Edison during the third quarter worth about $26,000. Aventura Private Wealth LLC bought a new stake in shares of Consolidated Edison during the fourth quarter worth about $27,000. Westfuller Advisors LLC bought a new stake in shares of Consolidated Edison during the fourth quarter worth about $27,000. Finally, Dorato Capital Management bought a new stake in shares of Consolidated Edison during the fourth quarter worth about $28,000. Institutional investors own 66.29% of the company’s stock.

Insider Buying and Selling

In related news, SVP Deneen L. Donnley sold 1,922 shares of the company’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 directly owned 32,453 shares in the company, valued at $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 SEC, which is available at this hyperlink. 0.15% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ED shares. TD Cowen boosted their price target on Consolidated Edison from $105.00 to $112.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th. Barclays reduced their price target on Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating on the stock in a report on Monday, May 11th. Wells Fargo & Company set a $98.00 price target on Consolidated Edison in a report on Tuesday, April 21st. Weiss Ratings upgraded Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Finally, Evercore set a $116.00 price target on Consolidated Edison in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $107.79.

Consolidated Edison Stock Performance

Shares of ED stock opened at $106.31 on Monday. The business’s 50 day simple moving average is $109.20 and its 200 day simple moving average is $106.26. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $116.23. The stock has a market capitalization of $39.18 billion, a PE ratio of 17.90, a PEG ratio of 2.70 and a beta of 0.27. 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 (NYSE:ED) last announced its earnings results on Thursday, May 7th. The utilities provider reported $2.18 EPS for the quarter, missing the consensus estimate of $2.28 by ($0.10). Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the previous year, the company earned $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, research analysts forecast that Consolidated Edison Inc will post 6.09 earnings per share for the current year.

Consolidated Edison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors 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%.

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.