Ossiam Increases Stake in Consolidated Edison Inc $ED

Ossiam increased its stake in Consolidated Edison Inc (NYSE:ED) by 9,387.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,751 shares of the utilities provider’s stock after buying an additional 162,025 shares during the period. Ossiam’s holdings in Consolidated Edison were worth $16,460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Salomon & Ludwin LLC lifted its stake in shares of Consolidated Edison by 270.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 219 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Consolidated Edison in the third quarter worth $38,000. JFS Wealth Advisors LLC grew its stake in Consolidated Edison by 36.4% in the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 110 shares during the period. True Wealth Design LLC raised its holdings in Consolidated Edison by 392.1% in the third quarter. True Wealth Design LLC now owns 497 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 396 shares in the last quarter. Finally, Webster Bank N. A. raised its holdings in Consolidated Edison by 67.8% in the third quarter. Webster Bank N. A. now owns 495 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 200 shares in the last quarter. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ED shares. Citigroup restated a “buy” rating on shares of Consolidated Edison in a report on Monday, February 23rd. Morgan Stanley reiterated an “underweight” rating and issued a $102.00 price target on shares of Consolidated Edison in a research note on Friday, February 20th. Bank of America reissued an “underperform” rating and set a $104.00 price objective on shares of Consolidated Edison in a research note on Wednesday, February 25th. Mizuho set a $118.00 price objective on shares of Consolidated Edison in a report on Monday, February 23rd. Finally, UBS Group raised their target price on shares of Consolidated Edison from $108.00 to $112.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Three 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 MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $108.80.

Insider Activity

In other news, SVP Deneen L. Donnley sold 1,922 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total transaction of $218,992.68. Following the sale, the senior vice president owned 32,453 shares in the company, valued at $3,697,694.82. This represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.19% of the company’s stock.

Consolidated Edison Price Performance

Shares of NYSE:ED opened at $114.85 on Friday. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $115.37. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94. The business has a fifty day moving average price of $107.57 and a 200-day moving average price of $101.90. The company has a market capitalization of $41.49 billion, a PE ratio of 20.33, a PEG ratio of 3.04 and a beta of 0.38.

Consolidated Edison (NYSE:ED) last announced 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 $4 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same quarter in the previous year, the business posted $0.98 EPS. Consolidated Edison’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. As a group, equities analysts expect that Consolidated Edison Inc will post 5.62 EPS for the current fiscal 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 a boost 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 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.