TD Asset Management Inc Has $36.40 Million Stock Position in Consolidated Edison Inc $ED

TD Asset Management Inc increased its position in shares of Consolidated Edison Inc (NYSE:ED) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 362,152 shares of the utilities provider’s stock after acquiring an additional 4,927 shares during the quarter. TD Asset Management Inc owned about 0.10% of Consolidated Edison worth $36,404,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Salomon & Ludwin LLC raised its holdings in Consolidated Edison by 270.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 219 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Consolidated Edison during the 3rd quarter worth approximately $38,000. True Wealth Design LLC grew its position in shares of Consolidated Edison by 392.1% during the 3rd quarter. True Wealth Design LLC now owns 497 shares of the utilities provider’s stock worth $50,000 after buying an additional 396 shares during the period. Webster Bank N. A. raised its stake in shares of Consolidated Edison by 67.8% during the third quarter. Webster Bank N. A. now owns 495 shares of the utilities provider’s stock worth $50,000 after buying an additional 200 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in Consolidated Edison in the second quarter valued at approximately $52,000. Institutional investors own 66.29% of the company’s stock.

Insider Activity

In other news, Director John F. Killian sold 2,276 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $96.89, for a total value of $220,521.64. Following the sale, the director directly owned 38,661 shares in the company, valued at $3,745,864.29. The trade was a 5.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on ED. UBS Group increased their price target on Consolidated Edison from $108.00 to $112.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Consolidated Edison in a research note on Monday, December 29th. KeyCorp reduced their target price on Consolidated Edison from $90.00 to $86.00 and set an “underweight” rating on the stock in a report on Friday, December 12th. Morgan Stanley restated an “underweight” rating and set a $102.00 target price on shares of Consolidated Edison in a research report on Friday, February 20th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $118.00 price target on shares of Consolidated Edison in a research report on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $107.07.

Consolidated Edison Price Performance

NYSE ED opened at $112.49 on Friday. 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 has a market cap of $40.64 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.96 and a beta of 0.38. The business has a 50 day simple moving average of $104.99 and a 200 day simple moving average of $101.16. Consolidated Edison Inc has a 52-week low of $94.96 and a 52-week high of $115.25.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The firm’s revenue 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. Analysts anticipate that Consolidated Edison Inc will post 5.62 earnings per share for the current fiscal year.

Consolidated Edison Increases Dividend

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

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.