National Pension Service Increases Stock Position in Consolidated Edison Inc $ED

National Pension Service increased its position in Consolidated Edison Inc (NYSE:ED) by 12.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 454,249 shares of the utilities provider’s stock after acquiring an additional 51,852 shares during the period. National Pension Service’s holdings in Consolidated Edison were worth $45,116,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Basepoint Wealth LLC bought a new stake in Consolidated Edison in the 4th quarter worth approximately $26,000. JPL Wealth Management LLC bought a new stake in Consolidated Edison in the 3rd quarter worth approximately $26,000. Aventura Private Wealth LLC bought a new stake in Consolidated Edison in the 4th quarter worth approximately $27,000. Westfuller Advisors LLC bought a new stake in Consolidated Edison in the 4th quarter worth approximately $27,000. Finally, Dorato Capital Management bought a new stake in Consolidated Edison in the 4th quarter worth approximately $28,000. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on ED shares. Citigroup reaffirmed a “buy” rating on shares of Consolidated Edison in a research report on Monday, February 23rd. Mizuho set a $118.00 target price on shares of Consolidated Edison in a research report on Monday, February 23rd. Barclays cut their target price on shares of Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating for the company in a research report on Monday, May 11th. Scotiabank lifted their target price on shares of Consolidated Edison from $113.00 to $117.00 and gave the stock a “sector perform” rating in a research report on Friday, February 20th. Finally, Wells Fargo & Company set a $98.00 target price on shares of Consolidated Edison in a research report on Tuesday, April 21st. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $108.71.

Consolidated Edison Trading Up 0.2%

Shares of ED stock opened at $105.88 on Monday. Consolidated Edison Inc has a 1 year low of $94.96 and a 1 year high of $116.23. The firm has a fifty day moving average price of $109.77 and a 200-day moving average price of $106.15. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.19 and a quick ratio of 1.09. The company has a market cap of $39.02 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 2.68 and a beta of 0.27.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.10). Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the previous year, the firm earned $2.26 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts predict that Consolidated Edison Inc will post 6.09 earnings per share for the current year.

Consolidated Edison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.4%. Consolidated Edison’s payout ratio is presently 59.76%.

Insider Activity

In other news, SVP Deneen L. Donnley sold 1,922 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total transaction of $218,992.68. Following the completion of the sale, the senior vice president owned 32,453 shares of the company’s stock, valued at $3,697,694.82. The trade was a 5.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.15% of the stock is currently owned by insiders.

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.