Vanguard Personalized Indexing Management LLC Buys 7,761 Shares of Consolidated Edison Inc $ED

Vanguard Personalized Indexing Management LLC lifted its stake in Consolidated Edison Inc (NYSE:ED) by 12.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,854 shares of the utilities provider’s stock after acquiring an additional 7,761 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Consolidated Edison were worth $7,111,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Alpine Bank Wealth Management bought a new stake in Consolidated Edison during the first quarter valued at approximately $32,000. Capital Advisors Ltd. LLC grew its position in Consolidated Edison by 53.2% during the second quarter. Capital Advisors Ltd. LLC now owns 314 shares of the utilities provider’s stock valued at $32,000 after buying an additional 109 shares during the period. Fort Vancouver Investment Management LLC bought a new stake in Consolidated Edison during the first quarter valued at approximately $33,000. Financial Network Wealth Advisors LLC bought a new stake in Consolidated Edison during the first quarter valued at approximately $33,000. Finally, Cary Street Partners Investment Advisory LLC grew its position in Consolidated Edison by 64.9% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 305 shares of the utilities provider’s stock valued at $34,000 after buying an additional 120 shares during the period. 66.29% of the stock is currently owned by institutional investors.

Consolidated Edison Price Performance

Shares of NYSE:ED opened at $102.36 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.10 and a quick ratio of 1.01. Consolidated Edison Inc has a 1-year low of $87.28 and a 1-year high of $114.87. The company has a market capitalization of $36.92 billion, a P/E ratio of 18.58, a P/E/G ratio of 2.85 and a beta of 0.32. The firm’s 50 day simple moving average is $99.73 and its two-hundred day simple moving average is $103.00.

Consolidated Edison (NYSE:ED) last issued its earnings results on Thursday, August 7th. The utilities provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Consolidated Edison had a net margin of 11.98% and a return on equity of 8.56%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the prior year, the business earned $0.59 earnings per share. Consolidated Edison has set its FY 2025 guidance at 5.500-5.700 EPS. Research analysts expect that Consolidated Edison Inc will post 5.62 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Wednesday, August 13th were given a dividend of $0.85 per share. The ex-dividend date was Wednesday, August 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.3%. Consolidated Edison’s dividend payout ratio is currently 61.71%.

Analysts Set New Price Targets

Several analysts recently issued reports on ED shares. Mizuho boosted their target price on shares of Consolidated Edison from $107.00 to $112.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Consolidated Edison in a research report on Wednesday, October 8th. Barclays boosted their target price on shares of Consolidated Edison from $101.00 to $107.00 and gave the company an “underweight” rating in a research report on Wednesday, August 13th. KeyCorp restated an “overweight” rating on shares of Consolidated Edison in a research report on Wednesday, July 16th. Finally, Scotiabank lifted their price target on shares of Consolidated Edison from $101.00 to $106.00 and gave the company a “sector perform” rating in a report on Monday, August 11th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $105.75.

Consolidated Edison Profile

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.