Tableaux LLC lowered its position in Consolidated Edison Inc (NYSE:ED – Free Report) by 66.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,128 shares of the utilities provider’s stock after selling 6,210 shares during the quarter. Tableaux LLC’s holdings in Consolidated Edison were worth $311,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Basepoint Wealth LLC acquired a new position in shares of Consolidated Edison in the fourth quarter valued at approximately $26,000. JPL Wealth Management LLC acquired a new position in shares of Consolidated Edison in the third quarter valued at approximately $26,000. Aventura Private Wealth LLC acquired a new position in shares of Consolidated Edison in the fourth quarter valued at approximately $27,000. Westfuller Advisors LLC acquired a new position in shares of Consolidated Edison in the fourth quarter valued at approximately $27,000. Finally, Dorato Capital Management acquired a new position in shares of Consolidated Edison in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 66.29% of the company’s stock.
Analyst Upgrades and Downgrades
ED has been the subject of several recent research reports. Citigroup reaffirmed a “buy” rating on shares of Consolidated Edison in a research note on Monday, February 23rd. KeyCorp increased their target price on shares of Consolidated Edison from $96.00 to $97.00 and gave the company an “underweight” rating in a research report on Tuesday, April 21st. Barclays decreased their target price on shares of Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating for the company in a research report on Monday, May 11th. Scotiabank increased their target price on shares of Consolidated Edison from $113.00 to $117.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. Finally, Morgan Stanley set a $99.00 target price on shares of Consolidated Edison in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, Consolidated Edison currently has a consensus rating of “Reduce” and an average target price of $107.79.
Consolidated Edison Stock Performance
NYSE:ED opened at $107.71 on Monday. The company has a market capitalization of $39.69 billion, a PE ratio of 18.13, a P/E/G ratio of 2.74 and a beta of 0.27. The company has a 50 day simple moving average of $108.59 and a two-hundred day simple moving average of $106.47. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19. 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 – Get Free Report) last released its earnings results on Thursday, May 7th. The utilities provider reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.10). The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. During the same period in the prior year, the company posted $2.26 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts anticipate that Consolidated Edison Inc will post 6.09 earnings per share for the current year.
Consolidated Edison Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $3.55 annualized dividend and a dividend yield of 3.3%. Consolidated Edison’s dividend payout ratio (DPR) is 59.76%.
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.
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