Natixis Advisors LLC Sells 17,204 Shares of Consolidated Edison Inc $ED

Natixis Advisors LLC cut its position in shares of Consolidated Edison Inc (NYSE:ED) by 11.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 131,662 shares of the utilities provider’s stock after selling 17,204 shares during the period. Natixis Advisors LLC’s holdings in Consolidated Edison were worth $13,077,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Consolidated Edison by 201.7% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 508,222 shares of the utilities provider’s stock valued at $50,477,000 after purchasing an additional 339,790 shares during the last quarter. BW Gestao de Investimentos Ltda. bought a new position in shares of Consolidated Edison during the 4th quarter valued at about $17,983,000. COFG Advisors LLC bought a new position in shares of Consolidated Edison during the 4th quarter valued at about $548,000. New Mexico Educational Retirement Board increased its position in shares of Consolidated Edison by 2.5% during the 4th quarter. New Mexico Educational Retirement Board now owns 16,702 shares of the utilities provider’s stock valued at $1,659,000 after purchasing an additional 400 shares during the last quarter. Finally, Ellevest Inc. increased its position in shares of Consolidated Edison by 17.2% during the 4th quarter. Ellevest Inc. now owns 7,110 shares of the utilities provider’s stock valued at $706,000 after purchasing an additional 1,044 shares during the last quarter. 66.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ED has been the topic of several recent research reports. Morgan Stanley set a $99.00 price objective on Consolidated Edison in a research report on Thursday, May 21st. The Goldman Sachs Group restated a “sell” rating and set a $105.00 price target on shares of Consolidated Edison in a research report on Thursday, May 14th. Barclays reduced their price target on Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating on the stock in a research report on Monday, May 11th. Bank of America restated an “underperform” rating and set a $104.00 price target on shares of Consolidated Edison in a research report on Wednesday, February 25th. Finally, KeyCorp raised their price target on Consolidated Edison from $96.00 to $97.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, Consolidated Edison has a consensus rating of “Reduce” and a consensus target price of $107.79.

Insider Buying and Selling at Consolidated Edison

In other news, SVP Deneen L. Donnley sold 1,922 shares of Consolidated Edison stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $113.94, for a total value of $218,992.68. Following the sale, the senior vice president directly owned 32,453 shares in the company, valued at approximately $3,697,694.82. This trade represents a 5.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.15% of the company’s stock.

Consolidated Edison Price Performance

Shares of ED stock opened at $106.31 on Friday. The firm has a market cap of $39.18 billion, a P/E ratio of 17.90, a P/E/G ratio of 2.70 and a beta of 0.27. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $116.23. The business’s 50 day moving average price is $109.20 and its 200-day moving average price is $106.24. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.10). The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.During the same quarter in the prior year, the business posted $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities research analysts anticipate that Consolidated Edison Inc will post 6.09 earnings per share for the current year.

Consolidated Edison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 13th will be given a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, May 13th. Consolidated Edison’s dividend payout ratio (DPR) is currently 59.76%.

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.