Eurizon Capital SGR S.p.A. Acquires Shares of 351,450 Consolidated Edison Inc $ED

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Consolidated Edison Inc (NYSE:ED) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 351,450 shares of the utilities provider’s stock, valued at approximately $34,912,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ED. Basepoint Wealth LLC purchased a new stake in Consolidated Edison during the 4th quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new stake in Consolidated Edison during the 3rd quarter valued at approximately $26,000. Aventura Private Wealth LLC purchased a new stake in Consolidated Edison during the 4th quarter valued at approximately $27,000. Westfuller Advisors LLC purchased a new stake in Consolidated Edison during the 4th quarter valued at approximately $27,000. Finally, Dorato Capital Management purchased a new stake in Consolidated Edison during the 4th quarter valued at approximately $28,000. 66.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ED. KeyCorp increased their target price on Consolidated Edison from $96.00 to $97.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. increased their target price on Consolidated Edison from $107.00 to $113.00 and gave the stock an “underweight” rating in a research note on Thursday, March 12th. The Goldman Sachs Group reissued a “sell” rating and set a $105.00 target price on shares of Consolidated Edison in a research note on Thursday, May 14th. Scotiabank increased their target price on Consolidated Edison from $113.00 to $117.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. Finally, Bank of America reissued an “underperform” rating and set a $104.00 target price on shares of Consolidated Edison in a research note on Wednesday, February 25th. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $108.71.

Consolidated Edison Stock Performance

Shares of ED stock opened at $105.88 on Friday. The company has a market cap of $39.02 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 2.68 and a beta of 0.29. The stock has a 50 day simple moving average of $109.77 and a 200-day simple moving average of $106.10. Consolidated Edison Inc has a 12-month low of $94.96 and a 12-month high of $116.23. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00.

Consolidated Edison (NYSE:ED) last issued its earnings results on Thursday, May 7th. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.10). The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations 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 last year, the company posted $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts forecast that Consolidated Edison Inc will post 6.09 EPS for the current year.

Consolidated Edison Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 13th will be issued a $0.8875 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.4%. Consolidated Edison’s dividend payout ratio is currently 59.76%.

Insider Buying and Selling at Consolidated Edison

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

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.