Intech Investment Management LLC Acquires 15,683 Shares of Consolidated Edison Inc $ED

Intech Investment Management LLC raised its position in shares of Consolidated Edison Inc (NYSE:ED) by 9.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 190,756 shares of the utilities provider’s stock after purchasing an additional 15,683 shares during the period. Intech Investment Management LLC’s holdings in Consolidated Edison were worth $19,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Revolve Wealth Partners LLC boosted its position in Consolidated Edison by 13.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider’s stock valued at $332,000 after acquiring an additional 441 shares in the last quarter. Empowered Funds LLC increased its stake in Consolidated Edison by 42.1% during the 1st quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider’s stock valued at $993,000 after purchasing an additional 2,659 shares in the last quarter. Woodline Partners LP increased its position in shares of Consolidated Edison by 40.7% during the first 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 in the last quarter. Brighton Jones LLC raised its stake in shares of Consolidated Edison by 19.2% in the second quarter. Brighton Jones LLC now owns 3,511 shares of the utilities provider’s stock worth $352,000 after purchasing an additional 566 shares during the last quarter. Finally, Resonant Capital Advisors LLC purchased a new position in shares of Consolidated Edison during the second quarter valued at approximately $208,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Insider Activity at Consolidated Edison

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

Consolidated Edison Price Performance

Consolidated Edison stock opened at $111.12 on Thursday. Consolidated Edison Inc has a 1 year low of $94.96 and a 1 year high of $115.25. The company’s 50 day simple moving average is $104.49 and its 200-day simple moving average is $101.03. The company has a market capitalization of $40.14 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 3.01 and a beta of 0.38. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 1.02.

Consolidated Edison (NYSE:ED) last released its earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period in the prior year, the business earned $0.98 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities research analysts expect that Consolidated Edison Inc will post 5.62 earnings per share for the current year.

Consolidated Edison Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 18th will be given a dividend of $0.8875 per share. This represents a $3.55 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, February 18th. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. Consolidated Edison’s payout ratio is currently 62.83%.

Wall Street Analyst Weigh In

ED has been the topic of several recent research reports. Bank of America reiterated an “underperform” rating and issued a $104.00 price objective on shares of Consolidated Edison in a research note on Wednesday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $118.00 price target on shares of Consolidated Edison in a report on Friday, January 23rd. Citigroup reaffirmed a “buy” rating on shares of Consolidated Edison in a report on Monday. JPMorgan Chase & Co. decreased their target price on shares of Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, December 12th. Finally, KeyCorp lowered their price target on Consolidated Edison from $90.00 to $86.00 and set an “underweight” rating for the company in a research report on Friday, December 12th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $107.07.

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.