Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Consolidated Edison Inc NYSE: ED. In a filing disclosed on June 09th, the Representative disclosed that they had sold between $1,001 and $15,000 in Consolidated Edison stock on May 15th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Zoom Communications NASDAQ: ZM on 6/25/2025.
- Purchased $1,001 - $15,000 in shares of Coinbase Global NASDAQ: COIN on 6/24/2025.
- Purchased $1,001 - $15,000 in shares of Circle Internet Group NYSE: CRCL on 6/24/2025.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 6/23/2025.
- Sold $1,001 - $15,000 in shares of Chubb NYSE: CB on 6/13/2025.
- Sold $1,001 - $15,000 in shares of Atlassian NASDAQ: TEAM on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of ServiceTitan NASDAQ: TTAN on 6/11/2025.
- Sold $1,001 - $15,000 in shares of Datadog NASDAQ: DDOG on 6/11/2025.
- Sold $1,001 - $15,000 in shares of GitLab NASDAQ: GTLB on 6/11/2025.
- Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/11/2025.
Consolidated Edison Price Performance
Shares of ED traded up $0.20 during mid-day trading on Friday, hitting $102.25. The company's stock had a trading volume of 1,375,668 shares, compared to its average volume of 2,070,815. The firm has a 50-day moving average price of $101.74 and a 200 day moving average price of $102.19. The stock has a market capitalization of $36.84 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 3.26 and a beta of 0.26. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.28 and a quick ratio of 1.19. Consolidated Edison Inc has a fifty-two week low of $87.28 and a fifty-two week high of $114.87.
Consolidated Edison (NYSE:ED - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.05). The business had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.21 billion. Consolidated Edison had a return on equity of 8.61% and a net margin of 11.98%. During the same period in the prior year, the firm earned $2.15 EPS. On average, research analysts predict that Consolidated Edison Inc will post 5.62 EPS for the current fiscal year.
Consolidated Edison Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Wednesday, August 13th will be paid a $0.85 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $3.40 annualized dividend and a dividend yield of 3.33%. Consolidated Edison's dividend payout ratio is currently 62.85%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. KeyCorp reissued an "overweight" rating on shares of Consolidated Edison in a research report on Wednesday, July 16th. Guggenheim boosted their price objective on shares of Consolidated Edison from $96.00 to $103.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Citigroup boosted their price objective on shares of Consolidated Edison from $116.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, April 9th. Mizuho raised shares of Consolidated Edison from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $105.00 to $107.00 in a research report on Monday, June 30th. Finally, Morgan Stanley lowered their price objective on shares of Consolidated Edison from $93.00 to $92.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Consolidated Edison has an average rating of "Hold" and an average target price of $105.09.
Read Our Latest Report on ED
Institutional Trading of Consolidated Edison
A number of institutional investors and hedge funds have recently modified their holdings of ED. Jacobi Capital Management LLC raised its stake in Consolidated Edison by 4.2% during the 4th quarter. Jacobi Capital Management LLC now owns 2,569 shares of the utilities provider's stock valued at $229,000 after purchasing an additional 104 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in Consolidated Edison by 1.0% during the 2nd quarter. Exchange Traded Concepts LLC now owns 11,050 shares of the utilities provider's stock valued at $1,109,000 after purchasing an additional 109 shares during the last quarter. Capital Advisors Ltd. LLC raised its stake in Consolidated Edison by 53.2% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 314 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 109 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Consolidated Edison by 1.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,896 shares of the utilities provider's stock valued at $893,000 after purchasing an additional 110 shares during the last quarter. Finally, Glen Eagle Advisors LLC raised its stake in Consolidated Edison by 6.2% during the 4th quarter. Glen Eagle Advisors LLC now owns 1,902 shares of the utilities provider's stock valued at $170,000 after purchasing an additional 111 shares during the last quarter. 66.29% of the stock is currently owned by institutional investors and hedge funds.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
Consolidated Edison Company Profile
(
Get Free Report)
Consolidated Edison, Inc, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan.
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