Consolidated Edison Inc $ED Shares Purchased by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton boosted its holdings in Consolidated Edison Inc (NYSE:ED) by 9.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,854 shares of the utilities provider’s stock after purchasing an additional 166 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Consolidated Edison were worth $186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mutual Advisors LLC increased its stake in Consolidated Edison by 6.1% in the second quarter. Mutual Advisors LLC now owns 5,978 shares of the utilities provider’s stock valued at $611,000 after purchasing an additional 344 shares during the last quarter. Generali Asset Management SPA SGR grew its position in Consolidated Edison by 34.7% during the second quarter. Generali Asset Management SPA SGR now owns 54,764 shares of the utilities provider’s stock valued at $5,496,000 after acquiring an additional 14,100 shares during the period. Essex LLC grew its position in Consolidated Edison by 1.3% during the second quarter. Essex LLC now owns 16,642 shares of the utilities provider’s stock valued at $1,670,000 after acquiring an additional 221 shares during the period. Ritholtz Wealth Management grew its position in Consolidated Edison by 60.8% during the second quarter. Ritholtz Wealth Management now owns 3,297 shares of the utilities provider’s stock valued at $331,000 after acquiring an additional 1,247 shares during the period. Finally, Sagespring Wealth Partners LLC grew its position in Consolidated Edison by 23.3% during the second quarter. Sagespring Wealth Partners LLC now owns 5,859 shares of the utilities provider’s stock valued at $588,000 after acquiring an additional 1,106 shares during the period. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ED has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Consolidated Edison in a research report on Wednesday, October 8th. Scotiabank boosted their price target on Consolidated Edison from $101.00 to $106.00 and gave the company a “sector perform” rating in a research report on Monday, August 11th. Mizuho boosted their price target on Consolidated Edison from $107.00 to $112.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. KeyCorp boosted their price target on Consolidated Edison from $88.00 to $90.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Evercore ISI assumed coverage on Consolidated Edison in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $106.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $105.92.

Consolidated Edison Trading Up 0.4%

Shares of ED opened at $102.31 on Thursday. The company has a market capitalization of $36.90 billion, a P/E ratio of 18.57, a P/E/G ratio of 2.83 and a beta of 0.32. Consolidated Edison Inc has a one year low of $87.28 and a one year high of $114.87. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.10. The stock has a 50-day moving average price of $99.56 and a 200 day moving average price of $102.93.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.39 billion. Consolidated Edison had a return on equity of 8.56% and a net margin of 11.98%.During the same quarter in the prior year, the business posted $0.59 earnings per share. Consolidated Edison has set its FY 2025 guidance at 5.500-5.700 EPS. Sell-side analysts forecast that Consolidated Edison Inc will post 5.62 EPS for the current fiscal year.

Consolidated Edison Profile

Consolidated Edison, Inc, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan.