Simon Quick Advisors LLC Sells 15,600 Shares of Consolidated Edison Inc $ED

Key Points

• Simon Quick Advisors LLC cut its stake in Consolidated Edison by 82.5%, selling 15,600 shares and retaining 3,300 shares valued at $328,000 per its latest 13F filing.
• Consolidated Edison beat Q results with $0.89 EPS vs $0.86 expected and $4.0B revenue, and set FY2026 guidance of 6.000–6.200 EPS (analysts forecast ~6.08).
• The company declared a quarterly dividend of $0.8875 per share (annualized $3.55, ~3.3% yield), with an ex-dividend/record date of May 13 and payment on June 15.

Simon Quick Advisors LLC lessened its stake in shares of Consolidated Edison Inc (NYSE:ED - Free Report) by 82.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,300 shares of the utilities provider's stock after selling 15,600 shares during the quarter. Simon Quick Advisors LLC's holdings in Consolidated Edison were worth $328,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. JPL Wealth Management LLC bought a new position in Consolidated Edison during the third quarter valued at approximately $26,000. Aventura Private Wealth LLC purchased a new stake in Consolidated Edison in the fourth quarter worth approximately $27,000. Westfuller Advisors LLC bought a new stake in Consolidated Edison in the 4th quarter worth approximately $27,000. Dorato Capital Management bought a new stake in Consolidated Edison in the 4th quarter worth approximately $28,000. Finally, Salomon & Ludwin LLC raised its stake in Consolidated Edison by 270.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider's stock valued at $30,000 after buying an additional 219 shares during the last quarter. 66.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ED has been the topic of several research analyst reports. Barclays increased their price target on Consolidated Edison from $100.00 to $110.00 and gave the company an "underweight" rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. lifted their price objective on Consolidated Edison from $107.00 to $113.00 and gave the stock an "underweight" rating in a report on Thursday, March 12th. TD Cowen upped their price objective on Consolidated Edison from $105.00 to $112.00 and gave the company a "hold" rating in a research report on Tuesday, February 24th. Mizuho set a $118.00 target price on Consolidated Edison in a report on Monday, February 23rd. Finally, UBS Group raised their target price on Consolidated Edison from $108.00 to $112.00 and gave the stock a "neutral" rating in a research report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $108.50.

Consolidated Edison Stock Up 0.0%

ED opened at $109.09 on Monday. The firm's 50 day simple moving average is $112.00 and its two-hundred day simple moving average is $104.88. The company has a market capitalization of $40.19 billion, a PE ratio of 19.31, a PEG ratio of 2.77 and a beta of 0.34. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $116.23. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.03. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.71 billion. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts forecast that Consolidated Edison Inc will post 6.08 EPS for the current year.

Consolidated Edison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th will be issued a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, May 13th. Consolidated Edison's payout ratio is currently 62.83%.

Insider Transactions at Consolidated Edison

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of the company's stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $113.94, for a total value of $218,992.68. Following the completion of the sale, the senior vice president owned 32,453 shares in the company, valued at $3,697,694.82. This represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.15% of the company's stock.

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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