Consolidated Edison (NYSE:ED) Sees Strong Trading Volume – Time to Buy?

Consolidated Edison Inc (NYSE:ED) shares saw strong trading volume on Tuesday . 2,496,456 shares changed hands during mid-day trading, an increase of 24% from the previous session’s volume of 2,017,500 shares.The stock last traded at $110.35 and had previously closed at $112.14.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ED shares. UBS Group raised their target price on Consolidated Edison from $108.00 to $112.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. KeyCorp dropped their target price on shares of Consolidated Edison from $90.00 to $86.00 and set an “underweight” rating for the company in a report on Friday, December 12th. Morgan Stanley reissued an “underweight” rating and issued a $102.00 price target on shares of Consolidated Edison in a research note on Friday. Citigroup reaffirmed a “buy” rating on shares of Consolidated Edison in a research note on Monday. Finally, Scotiabank increased their price objective on shares of Consolidated Edison from $113.00 to $117.00 and gave the company a “sector perform” rating in a report on Friday. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $106.87.

Consolidated Edison Price Performance

The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 1.02. The stock’s 50-day moving average is $104.03 and its two-hundred day moving average is $100.91. The stock has a market cap of $39.97 billion, a PE ratio of 19.59, a PEG ratio of 2.98 and a beta of 0.38.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts predict that Consolidated Edison Inc will post 5.62 earnings per share for the current year.

Consolidated Edison Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Wednesday, February 18th will be given a $0.8875 dividend. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.2%. Consolidated Edison’s payout ratio is 62.83%.

Insider Buying and Selling

In other news, Director John F. Killian sold 2,276 shares of Consolidated Edison stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $96.89, for a total value of $220,521.64. Following the transaction, the director directly owned 38,661 shares of the company’s stock, valued at $3,745,864.29. The trade was a 5.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.17% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Consolidated Edison

Hedge funds have recently modified their holdings of the stock. Basepoint Wealth LLC acquired a new position in shares of Consolidated Edison during the fourth quarter worth about $26,000. JPL Wealth Management LLC purchased a new stake in Consolidated Edison in the 3rd quarter valued at approximately $26,000. Aventura Private Wealth LLC acquired a new position in Consolidated Edison during the 4th quarter worth approximately $27,000. Westfuller Advisors LLC purchased a new position in shares of Consolidated Edison during the 4th quarter worth approximately $27,000. Finally, Dorato Capital Management purchased a new position in shares of Consolidated Edison during the 4th quarter worth approximately $28,000. 66.29% of the stock is owned by institutional investors and hedge funds.

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.