Consolidated Edison Inc $ED Stock: Vest Financial LLC Decreases Position

Key Points

• Vest Financial reduced its Consolidated Edison position by 2.6% in the third quarter, selling 11,651 shares and retaining 437,175 shares worth approximately $44.7 million. Institutional investors collectively own 66.29% of the utility’s stock.
• Consolidated Edison reported quarterly EPS of $0.83, surpassing the $0.76 analyst consensus, while revenue reached $4.07 billion versus expectations of $3.60 billion. The company reaffirmed fiscal 2026 EPS guidance of $6.00–$6.20.
• The company declared a quarterly dividend of $0.8875, equivalent to an annualized $3.55 payout and a 3.2% yield. Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $107.73.

Vest Financial LLC reduced its position in shares of Consolidated Edison Inc (NYSE:ED - Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 437,175 shares of the utilities provider's stock after selling 11,651 shares during the period. Vest Financial LLC owned about 0.12% of Consolidated Edison worth $44,684,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. QRG Capital Management Inc. lifted its position in Consolidated Edison by 16.9% during the 1st quarter. QRG Capital Management Inc. now owns 204,989 shares of the utilities provider's stock worth $23,201,000 after acquiring an additional 29,635 shares during the period. Nykredit A S acquired a new position in shares of Consolidated Edison in the second quarter valued at approximately $23,566,000. SWS Partners acquired a new position in shares of Consolidated Edison in the second quarter valued at approximately $3,060,000. SteelPeak Wealth LLC acquired a new position in shares of Consolidated Edison in the first quarter valued at approximately $3,751,000. Finally, Tidal Investments LLC raised its stake in shares of Consolidated Edison by 75.5% during the second quarter. Tidal Investments LLC now owns 35,439 shares of the utilities provider's stock worth $3,921,000 after purchasing an additional 15,243 shares during the last quarter. Institutional investors and hedge funds own 66.29% of the company's stock.

Consolidated Edison Stock Performance

NYSE ED opened at $111.82 on Thursday. The business has a 50 day moving average price of $106.73 and a 200 day moving average price of $108.38. The company has a market capitalization of $41.35 billion, a P/E ratio of 18.36, a PEG ratio of 3.88 and a beta of 0.26. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $116.23. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.07. The firm had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.60 billion. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. During the same period in the prior year, the company earned $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts expect that Consolidated Edison Inc will post 6.10 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, November 18th will be issued a $0.8875 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $3.55 annualized dividend and a yield of 3.2%. Consolidated Edison's payout ratio is 58.29%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ED. Morgan Stanley decreased their price target on Consolidated Edison from $101.00 to $97.00 and set an "underweight" rating for the company in a report on Friday, September 18th. Wells Fargo & Company boosted their price objective on shares of Consolidated Edison from $106.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. KeyCorp dropped their price objective on shares of Consolidated Edison from $94.00 to $87.00 and set an "underweight" rating on the stock in a research note on Tuesday, October 13th. Jefferies Financial Group restated a "hold" rating and set a $105.00 price objective on shares of Consolidated Edison in a research report on Tuesday, October 6th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Consolidated Edison in a research note on Monday. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have given a Sell rating to the company's stock. Based on data from MarketBeat, Consolidated Edison currently has a consensus rating of "Reduce" and a consensus target price of $107.73.

Consolidated Edison Profile

Consolidated Edison, Inc is a diversified energy company headquartered in New York City. Through its regulated utility subsidiaries, the company delivers electricity, natural gas and steam to residential, commercial and industrial customers.

Its principal subsidiary, Consolidated Edison Company of New York, provides electric service throughout New York City and Westchester County, along with gas service in Manhattan, the Bronx, parts of Queens and Westchester County, and steam service in parts of Manhattan.

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