Denali Advisors LLC Invests $1.04 Million in Consolidated Edison Inc $ED

Key Points

• Denali Advisors acquired 9,412 shares of Consolidated Edison valued at approximately $1.04 million during the second quarter. Institutional investors collectively own 66.29% of the utility’s stock.
• Consolidated Edison exceeded quarterly expectations, reporting $0.83 in EPS on $4.07 billion in revenue, compared with estimates of $0.76 EPS and $3.60 billion in revenue. The company projects fiscal 2026 EPS of $6.00–$6.20.
• The company declared a quarterly dividend of $0.8875, equivalent to $3.55 annually and a 3.3% yield. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $108.80 versus the stock’s $108.33 opening price.

Denali Advisors LLC acquired a new stake in shares of Consolidated Edison Inc (NYSE:ED - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,412 shares of the utilities provider's stock, valued at approximately $1,041,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Basepoint Wealth LLC purchased a new position in Consolidated Edison in the fourth quarter worth about $26,000. JPL Wealth Management LLC bought a new position in Consolidated Edison in the 3rd quarter valued at approximately $26,000. Sachetta LLC lifted its position in Consolidated Edison by 72.9% in the 1st quarter. Sachetta LLC now owns 242 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 102 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new stake in Consolidated Edison during the 4th quarter valued at $32,000. Finally, Turning Point Benefit Group Inc. bought a new stake in shares of Consolidated Edison in the 3rd quarter worth $32,000. Hedge funds and other institutional investors own 66.29% of the company's stock.

Consolidated Edison Stock Up 0.3%

Consolidated Edison stock opened at $108.33 on Friday. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $116.23. The stock has a fifty day moving average of $109.99 and a 200 day moving average of $109.91. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27. The stock has a market cap of $40.06 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 2.80 and a beta of 0.27.

Consolidated Edison (NYSE:ED - Get Free Report) last announced its earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.07. The business had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.60 billion. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%.During the same period last year, the firm posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, sell-side analysts predict that Consolidated Edison Inc will post 6.09 EPS for the current year.

Consolidated Edison Dividend Announcement

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 issued a $0.8875 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.3%. Consolidated Edison's dividend payout ratio (DPR) is presently 58.29%.

Analysts Set New Price Targets

ED has been the subject of several recent analyst reports. The Goldman Sachs Group restated a "sell" rating and issued a $105.00 price target on shares of Consolidated Edison in a research note on Thursday, May 14th. Evercore reiterated a "positive" rating and issued a $112.00 price objective on shares of Consolidated Edison in a report on Monday. Wells Fargo & Company upped their target price 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Consolidated Edison in a report on Tuesday, July 21st. Finally, Morgan Stanley reiterated an "underweight" rating on shares of Consolidated Edison in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Consolidated Edison 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.

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