Deneen Donnley Sells 1,922 Shares of Consolidated Edison (NYSE:ED) Stock

Consolidated Edison Inc (NYSE:ED) SVP Deneen Donnley sold 1,922 shares of Consolidated Edison stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $113.94, for a total transaction of $218,992.68. Following the transaction, the senior vice president directly owned 32,453 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link.

Consolidated Edison Price Performance

NYSE:ED opened at $114.85 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 1.06. The firm has a market cap of $41.49 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 3.08 and a beta of 0.38. Consolidated Edison Inc has a 12 month low of $94.96 and a 12 month high of $115.37. The company’s 50-day moving average price is $107.57 and its two-hundred day moving average price is $101.91.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.03. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the business posted $0.98 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts anticipate that Consolidated Edison Inc will post 5.62 EPS for the current fiscal year.

Consolidated Edison Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Wednesday, February 18th will be issued a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $3.55 dividend on an annualized basis and a yield of 3.1%. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.85. Consolidated Edison’s payout ratio is 62.83%.

Institutional Investors Weigh In On Consolidated Edison

Several hedge funds and other institutional investors have recently made changes to their positions in ED. Basepoint Wealth LLC acquired a new position in shares of Consolidated Edison during the fourth quarter valued at $26,000. JPL Wealth Management LLC acquired a new stake in Consolidated Edison in the third quarter worth about $26,000. Aventura Private Wealth LLC acquired a new stake in Consolidated Edison in the fourth quarter worth about $27,000. Westfuller Advisors LLC bought a new stake in Consolidated Edison during the 4th quarter worth about $27,000. Finally, Dorato Capital Management bought a new stake in Consolidated Edison during the 4th quarter worth about $28,000. 66.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ED has been the topic of a number of recent analyst reports. Citigroup reissued a “buy” rating on shares of Consolidated Edison in a research note on Monday, February 23rd. Scotiabank raised their target price on Consolidated Edison from $113.00 to $117.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. Wells Fargo & Company reduced their price target on shares of Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. UBS Group increased their price objective on shares of Consolidated Edison from $108.00 to $112.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Finally, Mizuho set a $118.00 price objective on shares of Consolidated Edison in a research report on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $108.80.

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.