Callan Family Office LLC Purchases Shares of 5,454 Consolidated Edison Inc $ED

Callan Family Office LLC bought a new stake in shares of Consolidated Edison Inc (NYSE:ED) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,454 shares of the utilities provider’s stock, valued at approximately $603,000.

A number of other large investors have also bought and sold shares of ED. QRG Capital Management Inc. raised its stake in shares of Consolidated Edison by 16.9% during the first quarter. QRG Capital Management Inc. now owns 204,989 shares of the utilities provider’s stock valued at $23,201,000 after acquiring an additional 29,635 shares during the last quarter. North Dakota State Investment Board purchased a new stake in shares of Consolidated Edison during the fourth quarter worth about $1,228,000. Los Angeles Capital Management LLC grew its stake in shares of Consolidated Edison by 9.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 253,230 shares of the utilities provider’s stock worth $24,865,000 after purchasing an additional 20,972 shares during the last quarter. M3 Wealth Management LLC bought a new stake in shares of Consolidated Edison in the fourth quarter worth about $1,380,000. Finally, Arbejdsmarkedets Tillaegspension bought a new position in Consolidated Edison during the 4th quarter valued at approximately $24,109,000. 66.29% of the stock is owned by hedge funds and other institutional investors.

Consolidated Edison Price Performance

Shares of NYSE ED opened at $107.15 on Wednesday. The company has a 50 day simple moving average of $109.94 and a two-hundred day simple moving average of $109.91. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $116.23. The company has a market capitalization of $39.63 billion, a price-to-earnings ratio of 17.59, a P/E/G ratio of 2.73 and a beta of 0.27. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.60 billion. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%.During the same period in the previous year, the firm posted $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts expect that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Wednesday, August 19th will be issued a $0.8875 dividend. This represents a $3.55 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 19th. Consolidated Edison’s payout ratio is 58.29%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ED shares. The Goldman Sachs Group reiterated a “sell” rating and issued a $105.00 price objective on shares of Consolidated Edison in a research report on Thursday, May 14th. KeyCorp cut their price target on shares of Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating on the stock in a report on Thursday, July 23rd. Wells Fargo & Company boosted their price objective on shares of Consolidated Edison from $106.00 to $108.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Morgan Stanley decreased their price objective on shares of Consolidated Edison from $105.00 to $101.00 and set an “underweight” rating for the company in a report on Friday, August 21st. Finally, Barclays dropped their target price on shares of Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating for the company in a research report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat, Consolidated Edison currently has an average rating of “Reduce” and a consensus target price of $108.93.

Consolidated Edison Company 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.