Y Intercept Hong Kong Ltd Has $4.82 Million Stock Holdings in Consolidated Edison Inc $ED

Y Intercept Hong Kong Ltd decreased its holdings in shares of Consolidated Edison Inc (NYSE:ED) by 80.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,930 shares of the utilities provider’s stock after selling 198,603 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Consolidated Edison were worth $4,818,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ED. Revolve Wealth Partners LLC lifted its stake in Consolidated Edison by 13.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider’s stock valued at $332,000 after buying an additional 441 shares during the period. Empowered Funds LLC increased its stake in shares of Consolidated Edison by 42.1% in the 1st quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider’s stock valued at $993,000 after acquiring an additional 2,659 shares in the last quarter. Woodline Partners LP lifted its position in shares of Consolidated Edison by 40.7% during the 1st quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider’s stock valued at $3,237,000 after acquiring an additional 8,468 shares during the period. Fifth Third Bancorp boosted its stake in Consolidated Edison by 2.2% during the second quarter. Fifth Third Bancorp now owns 18,571 shares of the utilities provider’s stock worth $1,864,000 after acquiring an additional 393 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in Consolidated Edison by 40.4% in the second quarter. TD Private Client Wealth LLC now owns 4,283 shares of the utilities provider’s stock worth $430,000 after purchasing an additional 1,232 shares during the period. 66.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of Consolidated Edison from $101.00 to $100.00 and set an “underweight” rating on the stock in a report on Thursday. Evercore ISI initiated coverage on Consolidated Edison in a research note on Tuesday, October 7th. They set an “in-line” rating and a $106.00 price target on the stock. UBS Group increased their price target on Consolidated Edison from $108.00 to $112.00 and gave the stock a “neutral” rating in a report on Friday. KeyCorp decreased their price objective on Consolidated Edison from $90.00 to $86.00 and set an “underweight” rating for the company in a report on Friday, December 12th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $118.00 target price on shares of Consolidated Edison in a report on Friday. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $104.20.

Consolidated Edison Stock Up 0.6%

ED stock opened at $103.84 on Monday. The firm has a market capitalization of $37.48 billion, a PE ratio of 18.15, a P/E/G ratio of 2.83 and a beta of 0.39. The company has a quick ratio of 0.97, a current ratio of 1.08 and a debt-to-equity ratio of 1.03. Consolidated Edison Inc has a twelve month low of $90.36 and a twelve month high of $114.87. The stock’s 50 day moving average is $99.67 and its 200-day moving average is $99.95.

Consolidated Edison (NYSE:ED) last posted its earnings results 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. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.22 billion. Consolidated Edison had a net margin of 12.27% and a return on equity of 8.79%. During the same quarter in the prior year, the business posted $1.68 EPS. 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 EPS for the current fiscal year.

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 dated Thursday, December 11th. The shares were sold at an average price of $96.89, for a total value of $220,521.64. Following the completion of the sale, the director directly owned 38,661 shares of the company’s stock, valued at approximately $3,745,864.29. This represents a 5.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.17% of the company’s stock.

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.