Consolidated Edison Sees Unusually High Options Volume (NYSE:ED)

Consolidated Edison Inc (NYSE:ED) was the target of some unusual options trading activity on Tuesday. Traders bought 36,661 call options on the stock. This represents an increase of approximately 3,672% compared to the typical volume of 972 call options.

More Consolidated Edison News

Here are the key news stories impacting Consolidated Edison this week:

• Positive Sentiment: Unusual options activity: traders bought roughly 36,661 call options (about a 3,672% jump versus average), signaling aggressive bullish bets or hedging ahead of a catalyst — this buying can lift the stock short-term as dealers hedge.
• Positive Sentiment: Zacks highlights ED among utilities ramping wind projects to capture rising demand in U.S. wind capacity, which supports longer-term growth narrative beyond regulated utility earnings. Top Wind Energy Stocks Worth Investing Now For Solid Returns
• Neutral Sentiment: Upcoming earnings: Consolidated Edison is projected to report quarterly results this Thursday — earnings/outlook will be the primary near-term catalyst and could drive a swing either way. Consolidated Edison (ED) Projected to Post Quarterly Earnings on Thursday
• Neutral Sentiment: Buy-before-Feb-19 coverage: retail-oriented pieces (The Motley Fool, Yahoo Finance) flag this as a “big week” for the utility and discuss whether to buy ahead of the report — these stories can drive retail interest but don’t represent analyst changes. Are Wall Street Analysts Predicting Consolidated Edison Stock Will Climb or Sink? Should You Buy Consolidated Edison Stock Before Feb. 19?
• Neutral Sentiment: Zacks comparison: coverage shows how ED has performed versus peers this year — useful context for relative strength but not an immediate directional trigger. Is Consolidated Edison (ED) Outperforming Other Utilities Stocks This Year?
• Negative Sentiment: Analyst caution: coverage (Barchart/Yahoo) notes that despite outpacing the market over the past year, analysts remain cautious on ED — that conservative stance may temper upside and limit immediate re-rating unless guidance or earnings surprise positively. Are Wall Street Analysts Predicting Consolidated Edison Stock Will Climb or Sink?

Insider Buying and Selling at Consolidated Edison

In other Consolidated Edison news, Director John F. Killian sold 2,276 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $96.89, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Institutional Trading of Consolidated Edison

Several hedge funds have recently added to or reduced their stakes in ED. Mirae Asset Global Investments Co. Ltd. raised its stake in Consolidated Edison by 13.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,819 shares of the utilities provider’s stock worth $7,320,000 after purchasing an additional 8,562 shares during the period. Bryce Point Capital LLC acquired a new stake in shares of Consolidated Edison during the 3rd quarter worth $556,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Consolidated Edison by 3.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,028,686 shares of the utilities provider’s stock worth $103,404,000 after buying an additional 29,606 shares during the period. Atlantic Union Bankshares Corp boosted its holdings in Consolidated Edison by 46.7% in the second quarter. Atlantic Union Bankshares Corp now owns 3,714 shares of the utilities provider’s stock valued at $373,000 after acquiring an additional 1,183 shares during the last quarter. Finally, Nuance Investments LLC purchased a new stake in Consolidated Edison during the third quarter valued at about $4,017,000. Institutional investors and hedge funds own 66.29% of the company’s stock.

Consolidated Edison Price Performance

Consolidated Edison stock opened at $113.82 on Wednesday. Consolidated Edison has a 12-month low of $94.50 and a 12-month high of $115.25. The company has a current ratio of 1.08, a quick ratio of 0.97 and a debt-to-equity ratio of 1.03. The stock has a market cap of $41.08 billion, a P/E ratio of 19.90, a PEG ratio of 3.10 and a beta of 0.38. The company has a 50-day moving average price of $102.89 and a 200 day moving average price of $100.73.

Consolidated Edison Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 18th will be given a $0.8875 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $3.55 dividend on an annualized basis and a yield of 3.1%. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. Consolidated Edison’s dividend payout ratio is 59.44%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays cut their price target on shares of Consolidated Edison from $101.00 to $100.00 and set an “underweight” rating for the company in a report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Consolidated Edison in a research note on Monday, December 29th. Morgan Stanley reaffirmed an “underweight” rating and issued a $96.00 price target on shares of Consolidated Edison in a research note on Wednesday, January 21st. UBS Group boosted their price objective on Consolidated Edison from $108.00 to $112.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, December 12th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $104.20.

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.