27,663 Shares in Consolidated Edison Inc $ED Purchased by SWS Partners

SWS Partners purchased a new stake in shares of Consolidated Edison Inc (NYSE:ED) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 27,663 shares of the utilities provider’s stock, valued at approximately $3,060,000.

A number of other large investors also recently bought and sold shares of the stock. Basepoint Wealth LLC purchased a new stake in Consolidated Edison in the 4th quarter worth approximately $26,000. JPL Wealth Management LLC purchased a new position in shares of Consolidated Edison during the 3rd quarter valued at approximately $26,000. Sachetta LLC increased its holdings in shares of Consolidated Edison by 72.9% during the 1st quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 102 shares in the last quarter. WealthCollab LLC lifted its stake in shares of Consolidated Edison by 68.4% in 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. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Consolidated Edison in the 4th quarter valued at $32,000. 66.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on ED. The Goldman Sachs Group reissued a “sell” rating and set a $105.00 price target on shares of Consolidated Edison in a report on Thursday, May 14th. Argus set a $112.00 price objective on shares of Consolidated Edison in a report on Tuesday, June 23rd. KeyCorp decreased their price objective on shares of Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating for the company in a research report on Thursday, July 23rd. Barclays lowered their target price on shares of Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating on the stock in a research note on Friday, August 7th. Finally, Evercore set a $116.00 target price on Consolidated Edison in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $109.07.

Consolidated Edison Stock Up 0.3%

Consolidated Edison stock opened at $108.73 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17. The stock has a market capitalization of $40.21 billion, a PE ratio of 17.85, a price-to-earnings-growth ratio of 2.81 and a beta of 0.27. The business has a 50 day simple moving average of $109.81 and a 200-day simple moving average of $109.79. Consolidated Edison Inc has a 12 month low of $94.96 and a 12 month high of $116.23.

Consolidated Edison (NYSE:ED) last announced its earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%.The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same quarter last year, the firm posted $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts anticipate that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.8875 per share. The ex-dividend date is Wednesday, August 19th. This represents a $3.55 dividend on an annualized basis and a yield of 3.3%. Consolidated Edison’s dividend payout ratio is currently 58.29%.

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.