Consolidated Edison Inc $ED Shares Acquired by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC increased its position in shares of Consolidated Edison Inc (NYSE:ED) by 133.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,525 shares of the utilities provider’s stock after purchasing an additional 4,877 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Consolidated Edison were worth $871,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Choreo LLC grew its stake in Consolidated Edison by 2.2% during the third quarter. Choreo LLC now owns 15,161 shares of the utilities provider’s stock worth $1,550,000 after buying an additional 325 shares during the last quarter. Interchange Capital Partners LLC raised its stake in shares of Consolidated Edison by 12.6% in the third quarter. Interchange Capital Partners LLC now owns 2,608 shares of the utilities provider’s stock valued at $267,000 after acquiring an additional 291 shares during the last quarter. North Dakota State Investment Board raised its stake in shares of Consolidated Edison by 5.3% in the third quarter. North Dakota State Investment Board now owns 11,290 shares of the utilities provider’s stock valued at $1,154,000 after acquiring an additional 572 shares during the last quarter. William Mack & Associates Inc. bought a new position in shares of Consolidated Edison in the third quarter valued at approximately $84,000. Finally, Victory Financial Group LLC acquired a new position in shares of Consolidated Edison in the 3rd quarter worth approximately $208,000. 66.29% of the stock is owned by institutional investors.

Consolidated Edison Stock Up 1.1%

Shares of NYSE ED opened at $116.81 on Friday. Consolidated Edison Inc has a 1 year low of $94.96 and a 1 year high of $117.65. The firm’s 50-day moving average is $107.73 and its 200-day moving average is $108.93. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $43.20 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 4.04 and a beta of 0.26.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts expect that Consolidated Edison Inc will post 6.10 EPS for the current year.

Consolidated Edison Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, November 18th will be issued a dividend of $0.8875 per share. This represents a $3.55 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, November 18th. Consolidated Edison’s payout ratio is currently 58.29%.

Analyst Ratings Changes

A number of equities research analysts recently commented on ED shares. Scotiabank decreased their price target on Consolidated Edison from $117.00 to $110.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 30th. Royal Bank Of Canada dropped their price target on Consolidated Edison from $110.00 to $109.00 in a report on Monday, October 26th. Jefferies Financial Group reiterated a “hold” rating and issued a $105.00 price objective (down from $121.00) on shares of Consolidated Edison in a research report on Tuesday, October 6th. The Goldman Sachs Group reduced their price objective on Consolidated Edison from $106.00 to $102.00 in a research note on Thursday, October 15th. Finally, Wells Fargo & Company increased their target price on Consolidated Edison from $106.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $108.09.

Consolidated Edison Company Profile

Consolidated Edison, Inc is a diversified energy company headquartered in New York City. Through its regulated utility subsidiaries, the company delivers electricity, natural gas and steam to residential, commercial and industrial customers.

Its principal subsidiary, Consolidated Edison Company of New York, provides electric service throughout New York City and Westchester County, along with gas service in Manhattan, the Bronx, parts of Queens and Westchester County, and steam service in parts of Manhattan.