Consolidated Edison Inc $ED Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its stake in Consolidated Edison Inc (NYSE:ED) by 32.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 41,261 shares of the utilities provider’s stock after purchasing an additional 10,172 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Consolidated Edison were worth $4,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC increased its stake in shares of Consolidated Edison by 270.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 219 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Consolidated Edison by 53.2% in the second quarter. Capital Advisors Ltd. LLC now owns 314 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 109 shares during the period. Bogart Wealth LLC grew its holdings in shares of Consolidated Edison by 886.5% in the second quarter. Bogart Wealth LLC now owns 365 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 328 shares during the period. SJS Investment Consulting Inc. increased its position in Consolidated Edison by 1,677.3% during the second quarter. SJS Investment Consulting Inc. now owns 391 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 369 shares during the last quarter. Finally, True Wealth Design LLC raised its stake in Consolidated Edison by 392.1% during the third quarter. True Wealth Design LLC now owns 497 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 396 shares during the period. Institutional investors and hedge funds own 66.29% of the company’s stock.

Insider Transactions at Consolidated Edison

In other Consolidated Edison news, Director John F. Killian sold 2,276 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $96.89, for a total transaction of $220,521.64. Following the completion of the sale, the director directly owned 38,661 shares of the company’s stock, valued at $3,745,864.29. This represents a 5.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is owned by company insiders.

Consolidated Edison Stock Performance

NYSE ED opened at $99.21 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.08 and a quick ratio of 0.97. Consolidated Edison Inc has a 1 year low of $87.28 and a 1 year high of $114.87. The company has a market capitalization of $35.81 billion, a PE ratio of 17.34, a P/E/G ratio of 2.71 and a beta of 0.39. The company has a fifty day moving average of $98.87 and a two-hundred day moving average of $99.73.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.14. Consolidated Edison had a return on equity of 8.79% and a net margin of 12.27%.The company had revenue of $4.53 billion for the quarter, compared to analyst estimates of $4.22 billion. During the same quarter last year, the company posted $1.68 earnings per share. Consolidated Edison has set its FY 2025 guidance at 5.600-5.700 EPS. As a group, analysts expect that Consolidated Edison Inc will post 5.62 earnings per share for the current year.

Consolidated Edison Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Wednesday, November 19th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.4%. Consolidated Edison’s dividend payout ratio (DPR) is currently 59.44%.

Analysts Set New Price Targets

Several analysts have recently weighed in on ED shares. Morgan Stanley set a $92.00 price target on shares of Consolidated Edison in a research note on Tuesday, December 16th. KeyCorp decreased their price objective on Consolidated Edison from $90.00 to $86.00 and set an “underweight” rating on the stock in a report on Friday, December 12th. Cowen started coverage on Consolidated Edison in a research report on Thursday. They issued a “hold” rating for the company. Barclays reduced their target price on Consolidated Edison from $105.00 to $101.00 and set an “underweight” rating on the stock in a research report on Monday, November 10th. Finally, UBS Group increased their price target on Consolidated Edison from $104.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $103.53.

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.