Northwestern Mutual Wealth Management Co. Sells 4,656 Shares of Consolidated Edison Inc $ED

Northwestern Mutual Wealth Management Co. decreased its holdings in shares of Consolidated Edison Inc (NYSE:ED) by 22.7% during the fourth quarter, HoldingsChannel reports. The firm owned 15,876 shares of the utilities provider’s stock after selling 4,656 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Consolidated Edison were worth $1,577,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new position in Consolidated Edison during the 3rd quarter valued at about $26,000. Aventura Private Wealth LLC purchased a new position in Consolidated Edison during the 4th quarter valued at about $27,000. Westfuller Advisors LLC purchased a new position in Consolidated Edison during the 4th quarter valued at about $27,000. Dorato Capital Management purchased a new position in Consolidated Edison during the 4th quarter valued at about $28,000. Finally, WealthCollab LLC increased its position in Consolidated Edison by 68.4% during the 4th quarter. WealthCollab LLC now owns 315 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Insider Activity at Consolidated Edison

In related news, SVP Deneen L. Donnley sold 1,922 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total transaction of $218,992.68. Following the completion of the transaction, the senior vice president owned 32,453 shares in the company, valued at $3,697,694.82. The trade was a 5.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.15% of the stock is currently owned by company insiders.

Consolidated Edison Trading Up 0.5%

NYSE ED opened at $108.22 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.00. The firm has a market cap of $39.88 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 2.73 and a beta of 0.29. The company has a 50 day moving average price of $110.09 and a 200 day moving average price of $106.04. Consolidated Edison Inc has a 52 week low of $94.96 and a 52 week high of $116.23.

Consolidated Edison (NYSE:ED) last posted 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 firm had revenue of $5.10 billion for 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 quarter last year, the firm earned $2.26 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, sell-side analysts forecast that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on ED shares. Mizuho set a $118.00 target price on shares of Consolidated Edison in a research report on Monday, February 23rd. Morgan Stanley set a $99.00 price objective on Consolidated Edison in a research report on Thursday, May 21st. Citigroup reiterated a “buy” rating on shares of Consolidated Edison in a research note on Monday, February 23rd. JPMorgan Chase & Co. boosted their target price on shares of Consolidated Edison from $107.00 to $113.00 and gave the stock an “underweight” rating in a report on Thursday, March 12th. Finally, Scotiabank increased their price target on shares of Consolidated Edison from $113.00 to $117.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat, Consolidated Edison currently has an average rating of “Reduce” and an average target price of $108.71.

Consolidated Edison 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.