Natixis Advisors LLC Trims Stake in Consolidated Edison Inc $ED

Natixis Advisors LLC lowered its position in Consolidated Edison Inc (NYSE:ED) by 15.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 148,866 shares of the utilities provider’s stock after selling 26,562 shares during the period. Natixis Advisors LLC’s holdings in Consolidated Edison were worth $14,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Revolve Wealth Partners LLC boosted its holdings in Consolidated Edison by 13.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider’s stock valued at $332,000 after acquiring an additional 441 shares during the period. Empowered Funds LLC grew its position in Consolidated Edison by 42.1% in the 1st quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider’s stock valued at $993,000 after acquiring an additional 2,659 shares during the last quarter. Woodline Partners LP increased its stake in Consolidated Edison by 40.7% in the first quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider’s stock worth $3,237,000 after purchasing an additional 8,468 shares during the period. Savant Capital LLC lifted its position in shares of Consolidated Edison by 18.9% during the second quarter. Savant Capital LLC now owns 12,493 shares of the utilities provider’s stock worth $1,254,000 after purchasing an additional 1,990 shares during the last quarter. Finally, AE Wealth Management LLC lifted its position in shares of Consolidated Edison by 38.1% during the second quarter. AE Wealth Management LLC now owns 9,297 shares of the utilities provider’s stock worth $933,000 after purchasing an additional 2,567 shares during the last quarter. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Consolidated Edison Stock Performance

ED stock opened at $112.95 on Friday. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $115.25. The business has a 50-day moving average price of $107.28 and a 200 day moving average price of $101.79. The company has a market capitalization of $40.80 billion, a P/E ratio of 19.99, a PEG ratio of 3.00 and a beta of 0.38. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94.

Consolidated Edison (NYSE:ED) last issued 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. The company had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.71 billion. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities research analysts forecast that Consolidated Edison Inc will post 5.62 EPS for the current fiscal year.

Consolidated Edison Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Wednesday, February 18th will be issued a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.85. This represents a $3.55 annualized dividend and a yield of 3.1%. Consolidated Edison’s dividend payout ratio is 62.83%.

Analysts Set New Price Targets

ED has been the topic of a number of research analyst reports. UBS Group upped their price target on shares of Consolidated Edison from $108.00 to $112.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Barclays lifted their price objective on shares of Consolidated Edison from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Tuesday, February 24th. Citigroup restated a “buy” rating on shares of Consolidated Edison in a research note on Monday, February 23rd. Scotiabank raised 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, TD Cowen lifted their price target on shares of Consolidated Edison from $105.00 to $112.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Three 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $108.80.

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.