Blair William & Co. IL Buys 718 Shares of Consolidated Edison Inc $ED

Blair William & Co. IL raised its holdings in Consolidated Edison Inc (NYSE:ED) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,823 shares of the utilities provider’s stock after acquiring an additional 718 shares during the quarter. Blair William & Co. IL’s holdings in Consolidated Edison were worth $2,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Exchange Traded Concepts LLC grew its position in Consolidated Edison by 1.0% in the 2nd quarter. Exchange Traded Concepts LLC now owns 11,050 shares of the utilities provider’s stock valued at $1,109,000 after acquiring an additional 109 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in Consolidated Edison by 53.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 314 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 109 shares during the last quarter. Farther Finance Advisors LLC grew its position in Consolidated Edison by 1.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,896 shares of the utilities provider’s stock valued at $893,000 after acquiring an additional 110 shares during the last quarter. Western Wealth Management LLC grew its position in Consolidated Edison by 0.7% in the 1st quarter. Western Wealth Management LLC now owns 16,101 shares of the utilities provider’s stock valued at $1,781,000 after acquiring an additional 116 shares during the last quarter. Finally, Eastern Bank grew its position in Consolidated Edison by 2.9% in the 1st quarter. Eastern Bank now owns 4,294 shares of the utilities provider’s stock valued at $475,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 66.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ED. Barclays upped their price objective on Consolidated Edison from $101.00 to $107.00 and gave the company an “underweight” rating in a research report on Wednesday, August 13th. Scotiabank increased their price target on Consolidated Edison from $101.00 to $106.00 and gave the stock a “sector perform” rating in a research report on Monday, August 11th. KeyCorp reissued an “overweight” rating on shares of Consolidated Edison in a research report on Wednesday, July 16th. Mizuho increased their price target on Consolidated Edison from $107.00 to $112.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Bank of America downgraded Consolidated Edison from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $112.00 to $101.00 in a research report on Friday, August 15th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $105.75.

Consolidated Edison Trading Down 1.5%

Consolidated Edison stock opened at $100.85 on Tuesday. The stock has a 50-day moving average of $99.64 and a two-hundred day moving average of $102.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.10. Consolidated Edison Inc has a one year low of $87.28 and a one year high of $114.87. The stock has a market cap of $36.37 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 2.85 and a beta of 0.32.

Consolidated Edison (NYSE:ED) last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. Consolidated Edison had a return on equity of 8.56% and a net margin of 11.98%.The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.39 billion. During the same period last year, the business posted $0.59 earnings per share. Consolidated Edison has set its FY 2025 guidance at 5.500-5.700 EPS. On average, research analysts anticipate that Consolidated Edison Inc will post 5.62 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.85 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.4%. Consolidated Edison’s payout ratio is 61.71%.

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.