Cbre Investment Management Listed Real Assets LLC Makes New Investment in Consolidated Edison Inc $ED

Cbre Investment Management Listed Real Assets LLC bought a new stake in shares of Consolidated Edison Inc (NYSE:ED) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 168,432 shares of the utilities provider’s stock, valued at approximately $16,931,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC boosted its position in shares of Consolidated Edison by 270.4% in the third quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock valued at $30,000 after acquiring an additional 219 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Consolidated Edison during the 3rd quarter worth approximately $38,000. JFS Wealth Advisors LLC increased its holdings in Consolidated Edison by 36.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 110 shares during the period. True Wealth Design LLC lifted its stake in Consolidated Edison by 392.1% in the 3rd quarter. True Wealth Design LLC now owns 497 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 396 shares in the last quarter. Finally, Webster Bank N. A. lifted its stake in Consolidated Edison by 67.8% in the 3rd quarter. Webster Bank N. A. now owns 495 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 200 shares in the last quarter. 66.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ED has been the subject of a number of recent analyst reports. TD Cowen boosted their price target on shares of Consolidated Edison from $105.00 to $112.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th. Wells Fargo & Company dropped their price objective on Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. UBS Group boosted their target price on Consolidated Edison from $108.00 to $112.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. KeyCorp upped their target price on Consolidated Edison from $86.00 to $96.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 4th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $104.00 price target on shares of Consolidated Edison in a report on Wednesday, February 25th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Consolidated Edison has a consensus rating of “Reduce” and an average target price of $107.73.

Consolidated Edison Stock Performance

NYSE ED opened at $111.81 on Thursday. Consolidated Edison Inc has a 52-week low of $94.96 and a 52-week high of $115.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market capitalization of $40.39 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.99 and a beta of 0.38. The company has a fifty day moving average of $107.00 and a 200-day moving average of $101.71.

Consolidated Edison (NYSE:ED) last announced its earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $3.71 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities research analysts predict that Consolidated Edison Inc will post 5.62 EPS for the current fiscal year.

Consolidated Edison Increases Dividend

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

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.