Landscape Capital Management L.L.C. Invests $924,000 in Consolidated Edison Inc $ED

Landscape Capital Management L.L.C. acquired a new position in shares of Consolidated Edison Inc (NYSE:ED) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,356 shares of the utilities provider’s stock, valued at approximately $924,000.

Several other hedge funds also recently made changes to their positions in ED. Sachetta LLC boosted its holdings in Consolidated Edison by 72.9% in 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. JPL Wealth Management LLC purchased a new position in shares of Consolidated Edison during the 3rd quarter worth approximately $26,000. Basepoint Wealth LLC purchased a new position in shares of Consolidated Edison during the 4th quarter worth approximately $26,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Consolidated Edison in the 2nd quarter valued at approximately $30,000. Finally, Turning Point Benefit Group Inc. acquired a new stake in shares of Consolidated Edison in the 3rd quarter valued at approximately $32,000. Institutional investors and hedge funds own 66.29% of the company’s stock.

Consolidated Edison Stock Performance

ED opened at $106.52 on Monday. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $116.23. The stock has a market cap of $39.39 billion, a P/E ratio of 17.49, a P/E/G ratio of 2.76 and a beta of 0.27. The stock’s 50 day simple moving average is $109.96 and its 200 day simple moving average is $109.91. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.07. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.60 billion. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%.During the same period in the previous year, the firm posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts anticipate that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

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

Wall Street Analysts Forecast Growth

ED has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price objective on Consolidated Edison from $106.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Argus set a $112.00 target price on shares of Consolidated Edison in a research report on Tuesday, June 23rd. The Goldman Sachs Group reaffirmed a “sell” rating and set a $105.00 price target on shares of Consolidated Edison in a research note on Thursday, May 14th. Evercore reiterated a “positive” rating and issued a $112.00 price target on shares of Consolidated Edison in a report on Monday, August 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Consolidated Edison in a research note on Tuesday, July 21st. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $108.93.

Consolidated Edison Company 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.