Consolidated Edison Inc $ED Shares Purchased by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. lifted its position in Consolidated Edison Inc (NYSE:ED) by 13.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,310 shares of the utilities provider’s stock after acquiring an additional 400 shares during the period. GW Henssler & Associates Ltd.’s holdings in Consolidated Edison were worth $332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC boosted its stake in shares of Consolidated Edison by 1.0% in the second quarter. Exchange Traded Concepts LLC now owns 11,050 shares of the utilities provider’s stock worth $1,109,000 after acquiring an additional 109 shares during the last quarter. Capital Advisors Ltd. LLC boosted its stake in shares of Consolidated Edison by 53.2% in the second quarter. Capital Advisors Ltd. LLC now owns 314 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 109 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Consolidated Edison by 1.3% in the second quarter. Farther Finance Advisors LLC now owns 8,896 shares of the utilities provider’s stock worth $893,000 after acquiring an additional 110 shares during the last quarter. Western Wealth Management LLC boosted its stake in shares of Consolidated Edison by 0.7% in the first quarter. Western Wealth Management LLC now owns 16,101 shares of the utilities provider’s stock worth $1,781,000 after acquiring an additional 116 shares during the last quarter. Finally, Eastern Bank boosted its stake in Consolidated Edison by 2.9% during the first quarter. Eastern Bank now owns 4,294 shares of the utilities provider’s stock worth $475,000 after buying an additional 120 shares during the last quarter. 66.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on ED shares. KeyCorp reissued an “overweight” rating on shares of Consolidated Edison in a research note on Wednesday, July 16th. Bank of America lowered Consolidated Edison from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $112.00 to $101.00 in a research note on Friday, August 15th. New Street Research set a $106.00 price objective on Consolidated Edison in a research note on Monday, October 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Consolidated Edison in a research note on Wednesday. Finally, Scotiabank boosted their price objective on Consolidated Edison from $101.00 to $106.00 and gave the stock a “sector perform” rating in a research note on Monday, August 11th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $105.75.

Consolidated Edison Stock Performance

Shares of Consolidated Edison stock opened at $102.36 on Friday. Consolidated Edison Inc has a 52 week low of $87.28 and a 52 week high of $114.87. The business’s fifty day simple moving average is $99.73 and its 200-day simple moving average is $103.03. The firm has a market cap of $36.92 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 2.85 and a beta of 0.32. The company has a quick ratio of 1.01, a current ratio of 1.10 and a debt-to-equity ratio of 1.04.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. Consolidated Edison had a return on equity of 8.56% and a net margin of 11.98%.The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the prior year, the company posted $0.59 EPS. Consolidated Edison has set its FY 2025 guidance at 5.500-5.700 EPS. Equities analysts forecast that Consolidated Edison Inc will post 5.62 earnings per share for the current year.

Consolidated Edison Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Wednesday, August 13th were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, August 13th. Consolidated Edison’s dividend payout ratio is 61.71%.

Consolidated Edison Company Profile

Consolidated Edison, Inc, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan.