6,199 Shares in Consolidated Edison Inc $ED Acquired by Pure Financial Advisors LLC

Pure Financial Advisors LLC acquired a new stake in Consolidated Edison Inc (NYSE:ED) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,199 shares of the utilities provider’s stock, valued at approximately $686,000.

Other large investors have also recently bought and sold shares of the company. Basepoint Wealth LLC acquired a new position in shares of Consolidated Edison in the fourth quarter valued at approximately $26,000. JPL Wealth Management LLC acquired a new position in shares of Consolidated Edison during the 3rd quarter worth $26,000. Sachetta LLC grew its position in Consolidated Edison by 72.9% during the first quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock worth $27,000 after buying an additional 102 shares during the period. Aberdeen Wealth Management LLC acquired a new stake in shares of Consolidated Edison in the 2nd quarter worth approximately $27,000. Finally, Keating Financial Advisory Services Inc. purchased a new stake in Consolidated Edison during the second quarter worth $30,000. Institutional investors and hedge funds own 66.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ED. Argus set a $112.00 price target on shares of Consolidated Edison in a report on Tuesday, June 23rd. Barclays lowered their price objective on Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating for the company in a research report on Friday, August 7th. Wells Fargo & Company increased their price objective on shares of Consolidated Edison from $106.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $105.00 price target on shares of Consolidated Edison in a research note on Thursday, May 14th. Finally, Evercore reiterated a “positive” rating and issued a $112.00 price target on shares of Consolidated Edison in a report on Monday, August 17th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $108.93.

Consolidated Edison Trading Up 1.0%

Shares of ED opened at $108.12 on Thursday. The stock has a market cap of $39.99 billion, a PE ratio of 17.75, a P/E/G ratio of 2.72 and a beta of 0.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17. Consolidated Edison Inc has a 12 month low of $94.96 and a 12 month high of $116.23. The stock’s 50-day moving average is $109.96 and its two-hundred day moving average is $109.90.

Consolidated Edison (NYSE:ED) last released its quarterly 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. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.60 billion. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%.During the same quarter in the prior year, the business earned $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts forecast that Consolidated Edison Inc will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Dividend Announcement

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

Consolidated Edison 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.