11,154 Shares in Consolidated Edison Inc $ED Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI bought a new position in Consolidated Edison Inc (NYSE:ED) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,154 shares of the utilities provider’s stock, valued at approximately $1,234,000.

Several other institutional investors have also recently bought and sold shares of the company. Sachetta LLC boosted its holdings in Consolidated Edison by 72.9% during the first quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 102 shares during the period. JPL Wealth Management LLC acquired a new stake in shares of Consolidated Edison in the third quarter valued at about $26,000. Basepoint Wealth LLC bought a new position in shares of Consolidated Edison in the fourth quarter worth about $26,000. WealthCollab LLC increased its stake in shares of Consolidated Edison by 68.4% in the fourth quarter. WealthCollab LLC now owns 315 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 128 shares during the period. Finally, Turning Point Benefit Group Inc. bought a new position in shares of Consolidated Edison in the third quarter worth about $32,000. Institutional investors own 66.29% of the company’s stock.

Wall Street Analyst Weigh In

ED has been the subject of several recent analyst reports. Wells Fargo & Company increased their target price on Consolidated Edison from $106.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Barclays dropped their price target on Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating on the stock in a research report on Friday, August 7th. Mizuho set a $114.00 price objective on Consolidated Edison in a research report on Monday, July 27th. Argus set a $112.00 price objective on Consolidated Edison in a research report on Tuesday, June 23rd. Finally, Morgan Stanley restated an “underweight” rating on shares of Consolidated Edison in a research note on Wednesday, July 22nd. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Consolidated Edison has an average rating of “Reduce” and a consensus price target of $108.80.

Consolidated Edison Stock Up 0.1%

Shares of ED opened at $109.13 on Wednesday. The company has a 50-day simple moving average of $109.95 and a 200-day simple moving average of $109.88. The firm has a market capitalization of $40.36 billion, a P/E ratio of 17.92, a P/E/G ratio of 2.83 and a beta of 0.27. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27. Consolidated Edison Inc has a 52 week low of $94.96 and a 52 week high of $116.23.

Consolidated Edison (NYSE:ED) last released its earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%.The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same period last year, the business earned $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities research analysts expect that Consolidated Edison Inc will post 6.09 earnings per share for the current year.

Consolidated Edison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Wednesday, August 19th will be given a $0.8875 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.3%. Consolidated Edison’s dividend payout ratio (DPR) is currently 58.29%.

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.