Universal Beteiligungs und Servicegesellschaft mbH Sells 12,206 Shares of Consolidated Edison Inc $ED

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH sold 12,206 shares of Consolidated Edison, trimming its position by 3% to 395,190 shares (about 0.11%) worth roughly $38.91 million.
• Consolidated Edison beat quarterly estimates with $0.89 EPS vs. $0.86 expected and $4.0B revenue (up 8.9% YoY) and set FY2026 guidance of $6.00–$6.20 EPS (analysts forecast $6.08).
• The company declared a quarterly dividend of $0.8875 ($3.55 annual, ~3.2% yield); analysts' consensus rating is "Reduce" with a $108.50 target while the stock trades near $110.31.

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in shares of Consolidated Edison Inc (NYSE:ED - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 395,190 shares of the utilities provider's stock after selling 12,206 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of Consolidated Edison worth $38,910,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ED. JPL Wealth Management LLC bought a new stake in Consolidated Edison during the third quarter worth about $26,000. Aventura Private Wealth LLC bought a new stake in Consolidated Edison during the fourth quarter worth about $27,000. Westfuller Advisors LLC bought a new stake in shares of Consolidated Edison in the 4th quarter valued at about $27,000. Dorato Capital Management bought a new stake in shares of Consolidated Edison in the 4th quarter valued at about $28,000. Finally, Salomon & Ludwin LLC lifted its stake in shares of Consolidated Edison by 270.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider's stock valued at $30,000 after acquiring an additional 219 shares during the last quarter. Institutional investors own 66.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Citigroup reissued a "buy" rating on shares of Consolidated Edison in a research note on Monday, February 23rd. UBS Group boosted their target price on Consolidated Edison from $108.00 to $112.00 and gave the company a "neutral" rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. boosted their target price on Consolidated Edison from $107.00 to $113.00 and gave the company an "underweight" rating in a research note on Thursday, March 12th. Bank of America reissued an "underperform" rating and issued a $104.00 target price on shares of Consolidated Edison in a research note on Wednesday, February 25th. Finally, KeyCorp boosted their target price on Consolidated Edison from $96.00 to $97.00 and gave the company an "underweight" rating in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $108.50.

Consolidated Edison Trading Up 2.0%

ED opened at $110.31 on Friday. The business has a 50 day simple moving average of $112.09 and a two-hundred day simple moving average of $104.75. The firm has a market capitalization of $40.64 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 2.75 and a beta of 0.34. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $116.23.

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

Consolidated Edison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders 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 dividend on an annualized basis and a yield of 3.2%. Consolidated Edison's dividend payout ratio is presently 62.83%.

Insider Buying and Selling

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $113.94, for a total transaction of $218,992.68. Following the completion of the transaction, the senior vice president owned 32,453 shares of the company's stock, valued at $3,697,694.82. This represents a 5.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.19% of the stock is owned by insiders.

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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