19,784 Shares in Consolidated Edison Inc $ED Purchased by Dougherty & Associates LLC

Dougherty & Associates LLC purchased a new position in Consolidated Edison Inc (NYSE:ED) during the fourth quarter, Holdings Channel.com reports. The firm purchased 19,784 shares of the utilities provider’s stock, valued at approximately $1,965,000. Consolidated Edison accounts for approximately 1.8% of Dougherty & Associates LLC’s portfolio, making the stock its 19th largest position.

A number of other institutional investors have also recently bought and sold shares of ED. Revolve Wealth Partners LLC increased its stake in Consolidated Edison by 13.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider’s stock worth $332,000 after purchasing an additional 441 shares in the last quarter. Empowered Funds LLC increased its stake in Consolidated Edison by 42.1% in the 1st quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider’s stock worth $993,000 after purchasing an additional 2,659 shares in the last quarter. Woodline Partners LP increased its stake in Consolidated Edison by 40.7% in the 1st quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider’s stock worth $3,237,000 after purchasing an additional 8,468 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Consolidated Edison in the 2nd quarter worth about $3,256,000. Finally, Baird Financial Group Inc. increased its stake in Consolidated Edison by 2.1% in the 2nd quarter. Baird Financial Group Inc. now owns 14,679 shares of the utilities provider’s stock worth $1,473,000 after purchasing an additional 296 shares in the last quarter. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ED. Royal Bank Of Canada reissued a “sector perform” rating and issued a $118.00 price target on shares of Consolidated Edison in a research note on Friday, January 23rd. Morgan Stanley dropped their price target on Consolidated Edison from $106.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. UBS Group lifted their price target on Consolidated Edison from $108.00 to $112.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Barclays dropped their price target on Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating on the stock in a research note on Monday, May 11th. Finally, Mizuho set a $118.00 price target on Consolidated Edison in a research note on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $109.14.

Consolidated Edison Trading Up 0.0%

Shares of NYSE ED opened at $105.37 on Monday. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $116.23. The firm has a market capitalization of $38.83 billion, a PE ratio of 17.74, a PEG ratio of 2.68 and a beta of 0.29. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00. The business has a 50-day moving average price of $110.88 and a two-hundred day moving average price of $105.46.

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 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 quarter in the previous year, the business posted $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts predict that Consolidated Edison Inc will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th will be given a dividend of $0.8875 per share. The ex-dividend date is Wednesday, May 13th. This represents a $3.55 dividend on an annualized basis and a yield of 3.4%. Consolidated Edison’s dividend payout ratio (DPR) is presently 59.76%.

Insider Buying and Selling

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $113.94, for a total transaction of $218,992.68. Following the completion of the sale, the senior vice president directly owned 32,453 shares in the company, valued at approximately $3,697,694.82. This trade represents a 5.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.15% of the company’s stock.

About Consolidated Edison

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.