Consolidated Edison Inc $ED Shares Purchased by Swedbank AB

Swedbank AB increased its stake in shares of Consolidated Edison Inc (NYSE:ED) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,793 shares of the utilities provider’s stock after purchasing an additional 6,112 shares during the quarter. Swedbank AB owned 0.09% of Consolidated Edison worth $32,954,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new position in Consolidated Edison during the 3rd quarter worth $26,000. Aventura Private Wealth LLC acquired a new position in Consolidated Edison during the 4th quarter worth $27,000. Westfuller Advisors LLC acquired a new position in Consolidated Edison during the 4th quarter worth $27,000. Dorato Capital Management acquired a new position in Consolidated Edison during the 4th quarter worth $28,000. Finally, WealthCollab LLC grew its stake in Consolidated Edison by 68.4% during the 4th quarter. WealthCollab LLC now owns 315 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 128 shares in the last quarter. 66.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Consolidated Edison

In other news, SVP Deneen L. Donnley sold 1,922 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $113.94, for a total value of $218,992.68. Following the completion of the sale, the senior vice president directly owned 32,453 shares of the company’s stock, valued at approximately $3,697,694.82. The trade was a 5.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.15% of the company’s stock.

Consolidated Edison Trading Up 0.1%

NYSE:ED opened at $108.66 on Monday. The stock has a 50-day simple moving average of $110.46 and a 200-day simple moving average of $105.80. The stock has a market cap of $40.04 billion, a P/E ratio of 18.29, a P/E/G ratio of 2.76 and a beta of 0.29. Consolidated Edison Inc has a 1 year low of $94.96 and a 1 year high of $116.23. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19.

Consolidated Edison (NYSE:ED) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by ($0.10). The business had revenue of $5.10 billion for the quarter, compared to analyst estimates 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 in the prior year, the company posted $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts anticipate that Consolidated Edison Inc will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms recently commented on ED. 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. KeyCorp boosted 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. Bank of America reaffirmed an “underperform” rating and set a $104.00 price objective on shares of Consolidated Edison in a research report on Wednesday, February 25th. Barclays lowered their price objective on Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating for the company in a research report on Monday, May 11th. Finally, Morgan Stanley set a $99.00 price objective on Consolidated Edison in a research report on Thursday. 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $108.71.

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.