Vise Technologies Inc. Purchases Shares of 60,505 Consolidated Edison Inc $ED

Key Points

• Vise Technologies bought 60,505 shares of Consolidated Edison during the second quarter, valued at approximately $6.7 million. Institutional investors collectively own 66.29% of the utility’s stock.
• Consolidated Edison exceeded quarterly expectations, reporting $0.83 in EPS versus the $0.76 consensus and $4.07 billion in revenue versus $3.60 billion expected. The company maintained fiscal 2026 EPS guidance of $6.00–$6.20.
• The company declared a quarterly dividend of $0.8875 per share, equivalent to an annualized $3.55 payout and a 3.3% yield. Analyst sentiment remains mixed, with an average “Reduce” rating and a consensus price target of $108.80.

Vise Technologies Inc. purchased a new position in Consolidated Edison Inc (NYSE:ED - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 60,505 shares of the utilities provider's stock, valued at approximately $6,694,000.

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

Consolidated Edison Stock Up 0.3%

NYSE ED opened at $108.33 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 1.04. The stock's 50 day moving average is $109.99 and its two-hundred day moving average is $109.91. The company has a market capitalization of $40.06 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 2.80 and a beta of 0.27. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $116.23.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. The business had revenue of $4.07 billion during 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 in the prior year, the firm posted $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts forecast that Consolidated Edison Inc will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.8875 per share. 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%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ED shares. Evercore restated a "positive" rating and set a $112.00 price objective on shares of Consolidated Edison in a research report on Monday. Morgan Stanley reaffirmed an "underweight" rating on shares of Consolidated Edison in a research report on Wednesday, July 22nd. Wells Fargo & Company lifted their price target on shares of Consolidated Edison from $106.00 to $108.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Mizuho set a $114.00 price target on shares of Consolidated Edison in a report on Monday, July 27th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Consolidated Edison in a research note on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and six have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus 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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