Vanguard Group Inc. Acquires 134,122 Shares of Consolidated Edison Inc $ED

Vanguard Group Inc. increased its holdings in Consolidated Edison Inc (NYSE:ED) by 0.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 45,174,933 shares of the utilities provider’s stock after buying an additional 134,122 shares during the period. Vanguard Group Inc. owned about 0.13% of Consolidated Edison worth $4,540,984,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC increased its stake in shares of Consolidated Edison by 270.4% during the 3rd 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 last quarter. Bogart Wealth LLC lifted its holdings in shares of Consolidated Edison by 886.5% in the second quarter. Bogart Wealth LLC now owns 365 shares of the utilities provider’s stock worth $37,000 after buying an additional 328 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Consolidated Edison in the third quarter valued at approximately $38,000. Webster Bank N. A. grew its stake in Consolidated Edison by 67.8% during the third quarter. Webster Bank N. A. now owns 495 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 200 shares in the last quarter. Finally, True Wealth Design LLC boosted its holdings in Consolidated Edison by 392.1% in the 3rd quarter. True Wealth Design LLC now owns 497 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 396 shares during the period. Institutional investors own 66.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Consolidated Edison in a research note on Monday, December 29th. Morgan Stanley restated an “underweight” rating and issued a $96.00 price target on shares of Consolidated Edison in a research note on Wednesday, January 21st. Wells Fargo & Company reduced their target price on shares of Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. KeyCorp dropped their price objective on shares of 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, JPMorgan Chase & Co. cut their target price on Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating on the stock in a research note on Friday, December 12th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $104.20.

Consolidated Edison Stock Up 0.1%

Shares of ED opened at $113.82 on Wednesday. The stock has a fifty day simple moving average of $102.89 and a two-hundred day simple moving average of $100.73. The company has a quick ratio of 0.97, a current ratio of 1.08 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $41.08 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 3.10 and a beta of 0.38. Consolidated Edison Inc has a 52-week low of $94.50 and a 52-week high of $115.25.

Consolidated Edison Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Wednesday, February 18th will be paid a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend 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%.

Insider Buying and Selling

In related news, Director John F. Killian sold 2,276 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $96.89, for a total transaction of $220,521.64. Following the sale, the director directly owned 38,661 shares of the company’s stock, valued at $3,745,864.29. This represents a 5.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is owned by company insiders.

Key Headlines 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?

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.