Osmosis Investment Management UK Ltd Acquires Shares of 7,177 Consolidated Edison Inc $ED

Osmosis Investment Management UK Ltd bought a new position in shares of Consolidated Edison Inc (NYSE:ED) in the second quarter, Holdings Channel reports. The firm bought 7,177 shares of the utilities provider’s stock, valued at approximately $794,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ED. Basepoint Wealth LLC bought a new position in shares of Consolidated Edison in the 4th quarter worth $26,000. JPL Wealth Management LLC bought a new stake in Consolidated Edison in the third quarter valued at about $26,000. Sachetta LLC lifted its stake in Consolidated Edison by 72.9% in the first quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock valued at $27,000 after buying an additional 102 shares during the period. Keating Financial Advisory Services Inc. bought a new position in Consolidated Edison during the second quarter worth about $30,000. Finally, Godfrey Financial Associates Inc. acquired a new position in shares of Consolidated Edison during the 4th quarter worth about $32,000. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Stock Up 1.3%

Consolidated Edison stock opened at $107.73 on Tuesday. The stock has a market cap of $39.84 billion, a P/E ratio of 17.69, a P/E/G ratio of 2.76 and a beta of 0.27. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 1.04. Consolidated Edison Inc has a twelve month low of $94.96 and a twelve month high of $116.23. The company’s 50-day moving average price is $109.96 and its two-hundred day moving average price is $109.92.

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 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 company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts expect that Consolidated Edison Inc will post 6.09 EPS for the current year.

Consolidated Edison Announces Dividend

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

Wall Street Analysts Forecast Growth

ED has been the subject of a number of recent analyst reports. Evercore reaffirmed a “positive” rating and issued a $112.00 price target on shares of Consolidated Edison in a research note on Monday, August 17th. Weiss Ratings restated a “buy (b)” rating on shares of Consolidated Edison in a report on Tuesday, July 21st. Argus set a $112.00 price objective on shares of Consolidated Edison in a research report on Tuesday, June 23rd. Barclays reduced their price target on Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating for the company in a research report on Friday, August 7th. Finally, Morgan Stanley cut their price target on shares of Consolidated Edison from $105.00 to $101.00 and set an “underweight” rating for the company in a research note on Friday. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $108.93.

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.