Sivia Capital Partners LLC Invests $629,000 in Consolidated Edison Inc $ED

Sivia Capital Partners LLC bought a new position in Consolidated Edison Inc (NYSE:ED) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,338 shares of the utilities provider’s stock, valued at approximately $629,000.

Several other large investors have also recently modified their holdings of ED. Basepoint Wealth LLC purchased a new position in Consolidated Edison during the fourth quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new position in Consolidated Edison during the third quarter valued at approximately $26,000. Aventura Private Wealth LLC purchased a new position in Consolidated Edison during the fourth quarter valued at approximately $27,000. Westfuller Advisors LLC purchased a new position in Consolidated Edison during the fourth quarter valued at approximately $27,000. Finally, Dorato Capital Management purchased a new position in Consolidated Edison during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Consolidated Edison Stock Up 0.7%

Shares of NYSE ED opened at $104.16 on Friday. 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 Inc has a 12 month low of $94.96 and a 12 month high of $116.23. The firm has a market capitalization of $38.39 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 2.63 and a beta of 0.27. The firm has a fifty day simple moving average of $109.28 and a two-hundred day simple moving average of $106.24.

Consolidated Edison (NYSE:ED) last issued 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). Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter last year, the company posted $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts expect that Consolidated Edison Inc will post 6.09 earnings per share for the current year.

Consolidated Edison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 annualized dividend and a yield of 3.4%. Consolidated Edison’s dividend payout ratio is 59.76%.

Insider Buying and Selling

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total value of $218,992.68. Following the completion of the transaction, the senior vice president directly owned 32,453 shares in the company, valued at approximately $3,697,694.82. This represents a 5.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on ED shares. Weiss Ratings raised shares of Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Bank of America reaffirmed an “underperform” rating and set a $104.00 price objective on shares of Consolidated Edison in a research note on Wednesday, February 25th. Barclays reduced their price objective on shares of Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating for the company in a research note on Monday, May 11th. Morgan Stanley set a $99.00 price objective on shares of Consolidated Edison in a research note on Thursday, May 21st. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $105.00 price objective on shares of Consolidated Edison in a research note on Thursday, May 14th. Two 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 MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $107.79.

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.