National Pension Service Buys 23,679 Shares of Consolidated Edison Inc $ED

National Pension Service raised its position in shares of Consolidated Edison Inc (NYSE:ED) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 584,542 shares of the utilities provider’s stock after acquiring an additional 23,679 shares during the period. National Pension Service’s holdings in Consolidated Edison were worth $64,668,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ED. Basepoint Wealth LLC bought a new position in Consolidated Edison during the 4th quarter valued at about $26,000. JPL Wealth Management LLC bought a new position in shares of Consolidated Edison during the third quarter valued at approximately $26,000. Sachetta LLC raised its holdings in shares of Consolidated Edison by 72.9% in the first quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock worth $27,000 after buying an additional 102 shares during the period. Aberdeen Wealth Management LLC bought a new stake in shares of Consolidated Edison during the 2nd quarter worth approximately $27,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in Consolidated Edison during the 2nd quarter valued at $30,000. Institutional investors own 66.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on ED shares. Argus set a $112.00 target price on Consolidated Edison in a research note on Tuesday, June 23rd. Mizuho set a $114.00 price objective on shares of Consolidated Edison in a report on Monday, July 27th. Weiss Ratings restated a “buy (b)” rating on shares of Consolidated Edison in a research note on Tuesday, July 21st. KeyCorp decreased their price target on shares of Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating for the company in a research note on Thursday, July 23rd. Finally, Evercore reissued a “positive” rating and issued a $112.00 price objective on shares of Consolidated Edison in a research note on Monday, August 17th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, Consolidated Edison currently has an average rating of “Reduce” and an average target price of $108.93.

Consolidated Edison Trading Down 0.1%

NYSE:ED opened at $106.64 on Friday. The firm has a 50-day simple moving average of $109.27 and a 200-day simple moving average of $109.63. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $116.23. The firm has a market cap of $39.44 billion, a P/E ratio of 17.51, a P/E/G ratio of 3.70 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 data on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.07. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.60 billion. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. During the same period last year, the company posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts anticipate that Consolidated Edison Inc will post 6.1 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

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

Consolidated Edison Company Profile

Consolidated Edison, Inc is an energy delivery holding company headquartered in New York. Through its principal subsidiary, Consolidated Edison Company of New York, Inc, the company provides electric, natural gas and steam service to customers in New York City and Westchester County, New York.

Con Edison also operates Orange and Rockland Utilities, Inc, which supplies electric and natural gas service in parts of southeastern New York and northern New Jersey. Its utility operations include the generation, transmission and distribution of energy, as well as the maintenance of the infrastructure required to serve residential, commercial and industrial customers.

The company traces its roots to energy businesses that began operating in New York during the 19th century and adopted the Consolidated Edison name in the 1930s.