O Shaughnessy Asset Management LLC Purchases 7,345 Shares of Consolidated Edison Inc $ED

O Shaughnessy Asset Management LLC increased its position in Consolidated Edison Inc (NYSE:ED) by 8.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 93,681 shares of the utilities provider’s stock after buying an additional 7,345 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Consolidated Edison were worth $9,304,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. JPL Wealth Management LLC bought a new position in Consolidated Edison in the 3rd quarter worth $26,000. Basepoint Wealth LLC bought a new position in Consolidated Edison in the 4th quarter worth $26,000. Aventura Private Wealth LLC purchased a new stake in Consolidated Edison in the 4th quarter worth $27,000. Westfuller Advisors LLC purchased a new stake in Consolidated Edison in the 4th quarter worth $27,000. Finally, Dorato Capital Management purchased a new stake in Consolidated Edison in the 4th quarter worth $28,000. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Stock Up 1.2%

Shares of NYSE ED opened at $107.67 on Thursday. The firm’s 50-day moving average price is $108.84 and its 200-day moving average price is $106.36. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $39.68 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 2.70 and a beta of 0.27. 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, 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 analysts’ expectations of $5.22 billion. Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. During the same quarter 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. On average, equities research analysts anticipate that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

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

Analysts Set New Price Targets

ED has been the topic of several research analyst reports. Citigroup reiterated a “buy” rating on shares of Consolidated Edison in a research note on Monday, February 23rd. Morgan Stanley set a $99.00 price target on shares of Consolidated Edison in a research note on Thursday, May 21st. Barclays decreased their price target on shares of Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating on the stock in a research note on Monday, May 11th. Scotiabank boosted their price target on shares of 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, JPMorgan Chase & Co. boosted their price target on shares of Consolidated Edison from $107.00 to $113.00 and gave the stock an “underweight” rating in a research note on Thursday, March 12th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, Consolidated Edison has a consensus rating of “Reduce” and an average target price of $107.79.

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.