Natixis Advisors LLC Sells 26,562 Shares of Consolidated Edison Inc $ED

Natixis Advisors LLC trimmed its stake in shares of Consolidated Edison Inc (NYSE:ED) by 15.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 148,866 shares of the utilities provider’s stock after selling 26,562 shares during the period. Natixis Advisors LLC’s holdings in Consolidated Edison were worth $14,964,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Consolidated Edison by 13.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,819 shares of the utilities provider’s stock worth $7,320,000 after purchasing an additional 8,562 shares during the last quarter. Bryce Point Capital LLC bought a new position in Consolidated Edison during the third quarter valued at approximately $556,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Consolidated Edison by 3.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,028,686 shares of the utilities provider’s stock valued at $103,404,000 after buying an additional 29,606 shares in the last quarter. Nuance Investments LLC purchased a new position in Consolidated Edison during the 3rd quarter valued at approximately $4,017,000. Finally, Caprock Group LLC bought a new stake in Consolidated Edison in the 3rd quarter worth approximately $2,586,000. 66.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ED has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $118.00 price objective on shares of Consolidated Edison in a report on Friday, January 23rd. Mizuho set a $118.00 price target on shares of Consolidated Edison in a research report on Monday, February 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Consolidated Edison in a research note on Monday, December 29th. 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 research report on Friday, February 20th. Finally, Citigroup reissued a “buy” rating on shares of Consolidated Edison in a research note on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, Consolidated Edison currently has an average rating of “Reduce” and an average price target of $108.80.

Consolidated Edison Price Performance

Shares of Consolidated Edison stock opened at $112.95 on Friday. The stock has a market cap of $40.80 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 3.00 and a beta of 0.38. 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 50 day moving average price of $107.28 and a 200-day moving average price of $101.79. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $115.25.

Consolidated Edison (NYSE:ED) last released its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.03. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.71 billion. Consolidated Edison had a return on equity of 8.50% and a net margin of 11.95%.Consolidated Edison’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts expect that Consolidated Edison Inc will post 5.62 EPS for the current year.

Consolidated Edison Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Wednesday, February 18th will be paid a $0.8875 dividend. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. This represents a $3.55 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, February 18th. Consolidated Edison’s payout ratio is currently 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.