Ilmarinen Mutual Pension Insurance Co Buys Shares of 58,000 Consolidated Edison Inc $ED

Ilmarinen Mutual Pension Insurance Co bought a new stake in Consolidated Edison Inc (NYSE:ED) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 58,000 shares of the utilities provider’s stock, valued at approximately $5,761,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPL Wealth Management LLC acquired a new position in Consolidated Edison in the third quarter valued at about $26,000. Aventura Private Wealth LLC acquired a new position in Consolidated Edison in the fourth quarter valued at about $27,000. Westfuller Advisors LLC acquired a new position in Consolidated Edison in the fourth quarter valued at about $27,000. Dorato Capital Management acquired a new position in Consolidated Edison in the fourth quarter valued at about $28,000. Finally, WealthCollab LLC grew its stake in Consolidated Edison by 68.4% in the fourth quarter. WealthCollab LLC now owns 315 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 128 shares during the period. 66.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Consolidated Edison

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of Consolidated Edison stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total value of $218,992.68. Following the sale, the senior vice president directly owned 32,453 shares in the company, valued at approximately $3,697,694.82. The trade was a 5.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.15% of the company’s stock.

Consolidated Edison Stock Down 1.6%

NYSE:ED opened at $106.31 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19. The company has a market cap of $39.18 billion, a PE ratio of 17.90, a PEG ratio of 2.74 and a beta of 0.29. Consolidated Edison Inc has a 52-week low of $94.96 and a 52-week high of $116.23. The stock has a 50-day simple moving average of $109.92 and a 200 day simple moving average of $106.10.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.10). Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the previous year, the business posted $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, sell-side analysts expect that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th will be paid a $0.8875 dividend. This represents a $3.55 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, May 13th. Consolidated Edison’s payout ratio is presently 59.76%.

Wall Street Analyst Weigh In

ED has been the subject of a number of research analyst reports. Bank of America reissued an “underperform” rating and issued a $104.00 target price on shares of Consolidated Edison in a research note on Wednesday, February 25th. Barclays decreased their target price on Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating for the company in a research note on Monday, May 11th. Evercore set a $116.00 target price on Consolidated Edison in a research note on Monday, May 11th. Scotiabank boosted their target price on Consolidated Edison from $113.00 to $117.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. Finally, KeyCorp boosted their price target on Consolidated Edison from $96.00 to $97.00 and gave the company an “underweight” rating in a report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $108.71.

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.