PNC Financial Services Group Inc. Sells 14,623 Shares of Consolidated Edison Inc $ED

PNC Financial Services Group Inc. decreased its position in shares of Consolidated Edison Inc (NYSE:ED) by 5.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 252,438 shares of the utilities provider’s stock after selling 14,623 shares during the period. PNC Financial Services Group Inc. owned approximately 0.07% of Consolidated Edison worth $25,375,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC boosted its holdings in Consolidated Edison by 270.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 219 shares during the period. Bogart Wealth LLC increased its holdings in shares of Consolidated Edison by 886.5% during the second quarter. Bogart Wealth LLC now owns 365 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 328 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Consolidated Edison in the third quarter valued at approximately $38,000. True Wealth Design LLC boosted its stake in shares of Consolidated Edison by 392.1% in the third quarter. True Wealth Design LLC now owns 497 shares of the utilities provider’s stock valued at $50,000 after buying an additional 396 shares during the period. Finally, Webster Bank N. A. boosted its stake in shares of Consolidated Edison by 67.8% in the third 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 during the period. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Price Performance

ED opened at $113.82 on Wednesday. Consolidated Edison Inc has a 1 year low of $94.50 and a 1 year high of $115.25. The firm’s fifty day moving average price is $102.89 and its two-hundred day moving average price is $100.73. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.08 and a quick ratio of 0.97. The company has a market capitalization of $41.08 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 3.10 and a beta of 0.38.

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 given a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. The ex-dividend date is Wednesday, February 18th. Consolidated Edison’s dividend payout ratio (DPR) is 59.44%.

More Consolidated Edison News

Here are the key news stories impacting Consolidated Edison this week:

• Positive Sentiment: Unusual options activity: traders bought roughly 36,661 call options (about a 3,672% jump versus average), signaling aggressive bullish bets or hedging ahead of a catalyst — this buying can lift the stock short-term as dealers hedge.
• Positive Sentiment: Zacks highlights ED among utilities ramping wind projects to capture rising demand in U.S. wind capacity, which supports longer-term growth narrative beyond regulated utility earnings. Top Wind Energy Stocks Worth Investing Now For Solid Returns
• Neutral Sentiment: Upcoming earnings: Consolidated Edison is projected to report quarterly results this Thursday — earnings/outlook will be the primary near-term catalyst and could drive a swing either way. Consolidated Edison (ED) Projected to Post Quarterly Earnings on Thursday
• Neutral Sentiment: Buy-before-Feb-19 coverage: retail-oriented pieces (The Motley Fool, Yahoo Finance) flag this as a “big week” for the utility and discuss whether to buy ahead of the report — these stories can drive retail interest but don’t represent analyst changes. Are Wall Street Analysts Predicting Consolidated Edison Stock Will Climb or Sink? Should You Buy Consolidated Edison Stock Before Feb. 19?
• Neutral Sentiment: Zacks comparison: coverage shows how ED has performed versus peers this year — useful context for relative strength but not an immediate directional trigger. Is Consolidated Edison (ED) Outperforming Other Utilities Stocks This Year?
• Negative Sentiment: Analyst caution: coverage (Barchart/Yahoo) notes that despite outpacing the market over the past year, analysts remain cautious on ED — that conservative stance may temper upside and limit immediate re-rating unless guidance or earnings surprise positively. Are Wall Street Analysts Predicting Consolidated Edison Stock Will Climb or Sink?

Wall Street Analyst Weigh In

Several brokerages have weighed in on ED. TD Cowen initiated coverage on Consolidated Edison in a report on Friday, January 9th. They issued a “hold” rating and a $105.00 price objective for the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $118.00 price target on shares of Consolidated Edison in a research note on Friday, January 23rd. UBS Group upped their price objective on shares of Consolidated Edison from $108.00 to $112.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. KeyCorp reduced their price objective on shares of Consolidated Edison from $90.00 to $86.00 and set an “underweight” rating on the stock in a research note on Friday, December 12th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Consolidated Edison in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $104.20.

Insider Activity at Consolidated Edison

In other news, Director John F. Killian sold 2,276 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $96.89, for a total value of $220,521.64. Following the transaction, the director owned 38,661 shares of the company’s stock, valued at $3,745,864.29. This represents a 5.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is owned by company insiders.

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.