Consolidated Edison Inc $ED Shares Purchased by Tobam

Tobam increased its holdings in Consolidated Edison Inc (NYSE:ED) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,485 shares of the utilities provider’s stock after acquiring an additional 5,683 shares during the period. Consolidated Edison comprises 2.0% of Tobam’s investment portfolio, making the stock its 5th biggest holding. Tobam’s holdings in Consolidated Edison were worth $8,093,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Basepoint Wealth LLC bought a new stake in Consolidated Edison during the 4th quarter worth approximately $26,000. JPL Wealth Management LLC bought a new position in shares of Consolidated Edison in the third quarter valued at approximately $26,000. Aventura Private Wealth LLC purchased a new position in shares of Consolidated Edison during the fourth quarter valued at approximately $27,000. Westfuller Advisors LLC purchased a new position in shares of Consolidated Edison during the fourth quarter valued at approximately $27,000. Finally, Dorato Capital Management bought a new stake in Consolidated Edison during the fourth quarter worth $28,000. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Price Performance

ED opened at $106.36 on Friday. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $116.23. The firm has a 50-day moving average of $107.84 and a 200 day moving average of $106.68. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19. The firm has a market cap of $39.20 billion, a P/E ratio of 17.91, a PEG ratio of 2.70 and a beta of 0.27.

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 the consensus estimate of $2.28 by ($0.10). The company had revenue of $5.09 billion during the quarter, compared to the consensus estimate of $5.22 billion. Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.During the same period in the prior year, the firm posted $2.26 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, 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 was paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th were given a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Wednesday, May 13th. Consolidated Edison’s dividend payout ratio (DPR) is currently 59.76%.

Wall Street Analysts Forecast Growth

ED has been the subject of a number of analyst reports. Barclays lowered their price target on Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating for the company in a research report on Monday, May 11th. KeyCorp upped their target price on shares of Consolidated Edison from $96.00 to $97.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 21st. The Goldman Sachs Group reissued a “sell” rating and set a $105.00 price target on shares of Consolidated Edison in a research report on Thursday, May 14th. Scotiabank boosted their price target on shares of Consolidated Edison from $113.00 to $117.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. Finally, Weiss Ratings raised shares of Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average 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.