14,030 Shares in Consolidated Edison Inc $ED Acquired by Nuance Investments LLC

Nuance Investments LLC acquired a new stake in shares of Consolidated Edison Inc (NYSE:ED) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 14,030 shares of the utilities provider’s stock, valued at approximately $1,552,000.

A number of other institutional investors have also modified their holdings of the company. Revolve Wealth Partners LLC grew its stake in Consolidated Edison by 13.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider’s stock worth $332,000 after buying an additional 441 shares during the period. Empowered Funds LLC grew its stake in shares of Consolidated Edison by 42.1% during the first 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 in the last quarter. Woodline Partners LP increased its holdings in Consolidated Edison by 40.7% during the 1st 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 last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Consolidated Edison in the second quarter valued at $3,256,000. Finally, Baird Financial Group Inc. raised its stake in shares of Consolidated Edison by 2.1% in the 2nd quarter. Baird Financial Group Inc. now owns 14,679 shares of the utilities provider’s stock valued at $1,473,000 after purchasing an additional 296 shares in the last quarter. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Consolidated Edison Price Performance

Shares of ED opened at $108.91 on Tuesday. The company has a market capitalization of $40.28 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 2.83 and a beta of 0.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17. The business’s 50-day moving average is $109.90 and its 200-day moving average is $109.85. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $116.23.

Consolidated Edison (NYSE:ED) last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The company had revenue of $4.07 billion during 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 quarter last year, the business posted $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts expect that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

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

Analysts Set New Price Targets

ED has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Consolidated Edison in a research note on Tuesday, July 21st. Mizuho set a $114.00 price objective on Consolidated Edison in a report on Monday, July 27th. Evercore reiterated a “positive” rating and issued a $112.00 target price on shares of Consolidated Edison in a research report on Monday. Barclays lowered their price target on Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating on the stock in a research report on Friday, August 7th. Finally, Argus set a $112.00 price objective on shares of Consolidated Edison in a research note on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $108.80.

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.