Landscape Capital Management L.L.C. Takes $3.42 Million Position in Consolidated Edison Inc $ED

Landscape Capital Management L.L.C. purchased a new stake in shares of Consolidated Edison Inc (NYSE:ED) in the 4th quarter, Holdings Channel reports. The fund purchased 34,386 shares of the utilities provider’s stock, valued at approximately $3,415,000.

A number of other large investors also recently bought and sold shares of the business. Brown Advisory Inc. raised its stake in Consolidated Edison by 3.8% in the fourth quarter. Brown Advisory Inc. now owns 19,200 shares of the utilities provider’s stock worth $1,907,000 after buying an additional 708 shares in the last quarter. Aptus Capital Advisors LLC raised its stake in Consolidated Edison by 15.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 13,116 shares of the utilities provider’s stock worth $1,303,000 after buying an additional 1,739 shares in the last quarter. Jacobi Capital Management LLC raised its stake in Consolidated Edison by 3.4% in the fourth quarter. Jacobi Capital Management LLC now owns 4,349 shares of the utilities provider’s stock worth $432,000 after buying an additional 141 shares in the last quarter. CreativeOne Wealth LLC raised its stake in Consolidated Edison by 4.4% in the fourth quarter. CreativeOne Wealth LLC now owns 5,756 shares of the utilities provider’s stock worth $572,000 after buying an additional 244 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in Consolidated Edison by 4.4% in the fourth quarter. Kestra Advisory Services LLC now owns 69,089 shares of the utilities provider’s stock worth $6,862,000 after buying an additional 2,921 shares in the last quarter. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Stock Performance

Shares of ED stock opened at $107.71 on Monday. The business’s fifty day simple moving average is $108.59 and its 200-day simple moving average is $106.47. The company has a market cap of $39.69 billion, a PE ratio of 18.13, a PEG ratio of 2.74 and a beta of 0.27. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00. Consolidated Edison Inc has a 12-month low of $94.96 and a 12-month high of $116.23.

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

Consolidated Edison Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently commented on ED shares. Bank of America reissued an “underperform” rating and issued a $104.00 price objective on shares of Consolidated Edison in a research note on Wednesday, February 25th. Evercore set a $116.00 price objective on shares of Consolidated Edison in a research note on Monday, May 11th. The Goldman Sachs Group reissued a “sell” rating and issued a $105.00 price objective on shares of Consolidated Edison in a research note on Thursday, May 14th. TD Cowen boosted their price objective on shares of Consolidated Edison from $105.00 to $112.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Consolidated Edison from $107.00 to $113.00 and gave the stock an “underweight” rating in a research note on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, Consolidated Edison currently has an average rating of “Reduce” and a consensus price target of $107.79.

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.