PNC Financial Services Group Inc. Reduces Holdings in Consolidated Edison Inc $ED

PNC Financial Services Group Inc. decreased its position in shares of Consolidated Edison Inc (NYSE:ED) by 5.5% during the third quarter, Holdings Channel reports. The fund owned 252,438 shares of the utilities provider’s stock after selling 14,623 shares during the period. PNC Financial Services Group Inc.’s holdings in Consolidated Edison were worth $25,375,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC grew its stake in Consolidated Edison by 270.4% in the third quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 219 shares during the period. Bogart Wealth LLC boosted its holdings in shares of Consolidated Edison by 886.5% during the 2nd quarter. Bogart Wealth LLC now owns 365 shares of the utilities provider’s stock valued at $37,000 after buying an additional 328 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Consolidated Edison in the 3rd quarter worth about $38,000. Webster Bank N. A. increased its stake in shares of Consolidated Edison by 67.8% in the 3rd quarter. Webster Bank N. A. now owns 495 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 200 shares in the last quarter. Finally, True Wealth Design LLC lifted its position in Consolidated Edison by 392.1% during the 3rd quarter. True Wealth Design LLC now owns 497 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 396 shares during the period. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Key Stories Impacting Consolidated Edison

Here are the key news stories impacting Consolidated Edison this week:

• Positive Sentiment: Unusual options activity: traders bought roughly 36,661 call options (about a 3,672% jump versus average), signaling aggressive bullish bets or hedging ahead of a catalyst — this buying can lift the stock short-term as dealers hedge.
• Positive Sentiment: Zacks highlights ED among utilities ramping wind projects to capture rising demand in U.S. wind capacity, which supports longer-term growth narrative beyond regulated utility earnings. Top Wind Energy Stocks Worth Investing Now For Solid Returns
• Neutral Sentiment: Upcoming earnings: Consolidated Edison is projected to report quarterly results this Thursday — earnings/outlook will be the primary near-term catalyst and could drive a swing either way. Consolidated Edison (ED) Projected to Post Quarterly Earnings on Thursday
• Neutral Sentiment: Buy-before-Feb-19 coverage: retail-oriented pieces (The Motley Fool, Yahoo Finance) flag this as a “big week” for the utility and discuss whether to buy ahead of the report — these stories can drive retail interest but don’t represent analyst changes. Are Wall Street Analysts Predicting Consolidated Edison Stock Will Climb or Sink? Should You Buy Consolidated Edison Stock Before Feb. 19?
• Neutral Sentiment: Zacks comparison: coverage shows how ED has performed versus peers this year — useful context for relative strength but not an immediate directional trigger. Is Consolidated Edison (ED) Outperforming Other Utilities Stocks This Year?
• Negative Sentiment: Analyst caution: coverage (Barchart/Yahoo) notes that despite outpacing the market over the past year, analysts remain cautious on ED — that conservative stance may temper upside and limit immediate re-rating unless guidance or earnings surprise positively. Are Wall Street Analysts Predicting Consolidated Edison Stock Will Climb or Sink?

Insider Buying and Selling at Consolidated Edison

In other news, Director John F. Killian sold 2,276 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $96.89, for a total transaction of $220,521.64. Following the completion of the transaction, the director directly owned 38,661 shares in the company, valued at approximately $3,745,864.29. This represents a 5.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.17% of the company’s stock.

Consolidated Edison Trading Up 0.1%

Shares of Consolidated Edison stock opened at $113.82 on Wednesday. The company’s fifty day simple moving average is $102.89 and its 200-day simple moving average is $100.73. Consolidated Edison Inc has a 1-year low of $94.50 and a 1-year high of $115.25. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.08 and a quick ratio of 0.97. The stock has a market capitalization of $41.08 billion, a PE ratio of 19.90, a P/E/G ratio of 3.10 and a beta of 0.38.

Consolidated Edison Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 18th will be paid a $0.8875 dividend. This represents a $3.55 annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, February 18th. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.85. Consolidated Edison’s dividend payout ratio is currently 59.44%.

Wall Street Analysts Forecast Growth

ED has been the topic of several research reports. TD Cowen assumed coverage on shares of Consolidated Edison in a research note on Friday, January 9th. They set a “hold” rating and a $105.00 price objective on the stock. Barclays dropped their price target on Consolidated Edison from $101.00 to $100.00 and set an “underweight” rating on the stock in a research report on Thursday, January 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Consolidated Edison in a research report on Monday, December 29th. KeyCorp lowered their price objective on Consolidated Edison from $90.00 to $86.00 and set an “underweight” rating for the company in a research note on Friday, December 12th. Finally, UBS Group boosted their target price on Consolidated Edison from $108.00 to $112.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $104.20.

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.