Consolidated Edison Inc $ED Stock Holdings Boosted by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC raised its stake in shares of Consolidated Edison Inc (NYSE:ED) by 133.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 8,525 shares of the utilities provider’s stock after purchasing an additional 4,877 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Consolidated Edison were worth $871,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ED. Choreo LLC raised its position in shares of Consolidated Edison by 2.2% in the 3rd quarter. Choreo LLC now owns 15,161 shares of the utilities provider’s stock valued at $1,550,000 after acquiring an additional 325 shares during the period. Interchange Capital Partners LLC boosted its stake in Consolidated Edison by 12.6% during the 3rd quarter. Interchange Capital Partners LLC now owns 2,608 shares of the utilities provider’s stock worth $267,000 after acquiring an additional 291 shares during the last quarter. North Dakota State Investment Board grew its holdings in Consolidated Edison by 5.3% during the third quarter. North Dakota State Investment Board now owns 11,290 shares of the utilities provider’s stock valued at $1,154,000 after purchasing an additional 572 shares during the period. William Mack & Associates Inc. acquired a new position in Consolidated Edison during the third quarter valued at approximately $84,000. Finally, Victory Financial Group LLC acquired a new position in Consolidated Edison during the third quarter valued at approximately $208,000. 66.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ED shares. LADENBURG THALM/SH SH upped their target price on shares of Consolidated Edison from $101.00 to $113.50 and gave the company a “neutral” rating in a research note on Monday, July 13th. HSBC assumed coverage on shares of Consolidated Edison in a research report on Thursday, October 22nd. They set a “hold” rating and a $104.00 price target on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $105.00 price target (down from $121.00) on shares of Consolidated Edison in a report on Tuesday, October 6th. UBS Group upped their price objective on shares of Consolidated Edison from $118.00 to $124.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Consolidated Edison from $115.00 to $112.00 and set an “underweight” rating for the company in a research report on Wednesday, August 19th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, Consolidated Edison presently has a consensus rating of “Reduce” and an average price target of $108.09.

Consolidated Edison Price Performance

NYSE:ED opened at $116.81 on Friday. Consolidated Edison Inc has a 52-week low of $94.96 and a 52-week high of $117.65. The company has a market cap of $43.20 billion, a P/E ratio of 19.18, a P/E/G ratio of 4.04 and a beta of 0.26. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27. The stock’s 50-day simple moving average is $107.73 and its 200 day simple moving average is $108.93.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.76 by $0.07. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%. The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.60 billion. During the same period in the prior year, the firm posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, sell-side analysts forecast that Consolidated Edison Inc will post 6.10 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Wednesday, November 18th will be paid a dividend of $0.8875 per share. The ex-dividend date is Wednesday, November 18th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.0%. Consolidated Edison’s dividend payout ratio is currently 58.29%.

Consolidated Edison Profile

Consolidated Edison, Inc is a diversified energy company headquartered in New York City. Through its regulated utility subsidiaries, the company delivers electricity, natural gas and steam to residential, commercial and industrial customers.

Its principal subsidiary, Consolidated Edison Company of New York, provides electric service throughout New York City and Westchester County, along with gas service in Manhattan, the Bronx, parts of Queens and Westchester County, and steam service in parts of Manhattan.