Universal Beteiligungs und Servicegesellschaft mbH Acquires 11,631 Shares of Consolidated Edison Inc $ED

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Consolidated Edison Inc (NYSE:ED) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 407,396 shares of the utilities provider’s stock after acquiring an additional 11,631 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of Consolidated Edison worth $40,951,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Golden State Wealth Management LLC increased its holdings in Consolidated Edison by 13.6% during the 2nd quarter. Golden State Wealth Management LLC now owns 837 shares of the utilities provider’s stock worth $84,000 after purchasing an additional 100 shares in the last quarter. Certuity LLC boosted its position in shares of Consolidated Edison by 2.7% during the second quarter. Certuity LLC now owns 3,743 shares of the utilities provider’s stock valued at $376,000 after buying an additional 100 shares during the last quarter. Stephens Inc. AR grew its holdings in Consolidated Edison by 0.8% during the third quarter. Stephens Inc. AR now owns 13,791 shares of the utilities provider’s stock worth $1,386,000 after buying an additional 105 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in Consolidated Edison by 53.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 314 shares of the utilities provider’s stock valued at $32,000 after buying an additional 109 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Consolidated Edison by 1.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,896 shares of the utilities provider’s stock valued at $893,000 after acquiring an additional 110 shares in the last quarter. Institutional investors and hedge funds own 66.29% of the company’s stock.

Consolidated Edison Trading Down 1.2%

NYSE:ED opened at $103.82 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.97 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $37.47 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 2.87 and a beta of 0.39. The firm’s 50 day moving average is $99.58 and its 200 day moving average is $99.89. Consolidated Edison Inc has a 12 month low of $90.35 and a 12 month high of $114.87.

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

Insider Buying and Selling at Consolidated Edison

In other news, Director John F. Killian sold 2,276 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $96.89, for a total value of $220,521.64. Following the sale, the director owned 38,661 shares of the company’s stock, valued at $3,745,864.29. The trade was a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. TD Cowen initiated coverage on shares of Consolidated Edison in a research note on Friday, January 9th. They issued a “hold” rating and a $105.00 target price for the company. Wells Fargo & Company decreased their price objective on shares of Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday. Morgan Stanley restated an “underweight” rating and issued a $96.00 target price on shares of Consolidated Edison in a research note on Wednesday. Evercore ISI started coverage on Consolidated Edison in a report on Tuesday, October 7th. They issued an “in-line” rating and a $106.00 target price for the company. Finally, Royal Bank Of Canada assumed coverage on Consolidated Edison in a report on Wednesday, January 7th. They set a “sector perform” rating and a $114.00 price target on the stock. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $103.53.

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.