Pure Financial Advisors LLC Purchases New Stake in Consolidated Edison Inc $ED

Pure Financial Advisors LLC acquired a new position in Consolidated Edison Inc (NYSE:ED) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,199 shares of the utilities provider’s stock, valued at approximately $686,000.

Several other institutional investors have also recently added to or reduced their stakes in ED. GW&K Investment Management LLC grew its position in shares of Consolidated Edison by 28.5% during the 4th quarter. GW&K Investment Management LLC now owns 419 shares of the utilities provider’s stock valued at $42,000 after buying an additional 93 shares during the last quarter. bLong Financial LLC boosted its position in Consolidated Edison by 1.3% during the 4th quarter. bLong Financial LLC now owns 7,775 shares of the utilities provider’s stock valued at $772,000 after purchasing an additional 100 shares during the period. Sachetta LLC lifted its stake in Consolidated Edison by 72.9% in the first quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock valued at $27,000 after buying an additional 102 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in shares of Consolidated Edison by 1.3% during the first quarter. Frank Rimerman Advisors LLC now owns 8,275 shares of the utilities provider’s stock worth $937,000 after acquiring an additional 105 shares during the last quarter. Finally, Venture Visionary Partners LLC lifted its position in Consolidated Edison by 2.0% in the 4th quarter. Venture Visionary Partners LLC now owns 5,606 shares of the utilities provider’s stock valued at $557,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Stock Up 1.0%

NYSE:ED opened at $108.12 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 1.04. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $116.23. The business’s fifty day moving average price is $109.96 and its 200 day moving average price is $109.90. The firm has a market capitalization of $39.99 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 2.72 and a beta of 0.27.

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. On average, sell-side analysts forecast that Consolidated Edison Inc will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ED. KeyCorp cut their target price on Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating on the stock in a research note on Thursday, July 23rd. Wells Fargo & Company increased their price objective on shares of Consolidated Edison from $106.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Argus set a $112.00 price target on Consolidated Edison in a research note on Tuesday, June 23rd. The Goldman Sachs Group reaffirmed a “sell” rating and set a $105.00 target price on shares of Consolidated Edison in a report on Thursday, May 14th. Finally, Evercore reaffirmed a “positive” rating and issued a $112.00 price objective on shares of Consolidated Edison in a research note on Monday, August 17th. 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. Based on data from MarketBeat, Consolidated Edison presently has a consensus rating of “Reduce” and a consensus target price of $108.93.

Consolidated Edison 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.