Consolidated Edison Inc $ED Stock Position Reduced by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP decreased its position in shares of Consolidated Edison Inc (NYSE:ED) by 57.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,389 shares of the utilities provider’s stock after selling 53,879 shares during the period. Brevan Howard Capital Management LP’s holdings in Consolidated Edison were worth $4,060,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ED. Certuity LLC raised its holdings in shares of Consolidated Edison by 2.7% during the 2nd quarter. Certuity LLC now owns 3,743 shares of the utilities provider’s stock valued at $376,000 after purchasing an additional 100 shares in the last quarter. Stephens Inc. AR raised its holdings in Consolidated Edison by 0.8% during the third quarter. Stephens Inc. AR now owns 13,791 shares of the utilities provider’s stock valued at $1,386,000 after buying an additional 105 shares in the last quarter. Bridgewater Advisors Inc. lifted its position in shares of Consolidated Edison by 1.7% in the third quarter. Bridgewater Advisors Inc. now owns 6,530 shares of the utilities provider’s stock worth $618,000 after buying an additional 107 shares during the last quarter. HighPoint Advisor Group LLC lifted its position in shares of Consolidated Edison by 0.7% in the third quarter. HighPoint Advisor Group LLC now owns 14,811 shares of the utilities provider’s stock worth $1,489,000 after buying an additional 110 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Consolidated Edison by 36.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 110 shares in the last quarter. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Consolidated Edison Price Performance

Consolidated Edison stock opened at $114.85 on Monday. The business has a 50 day simple moving average of $107.57 and a 200 day simple moving average of $101.92. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94. The company has a market capitalization of $41.49 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 3.08 and a beta of 0.38. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $115.37.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The firm had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.71 billion. Consolidated Edison had a return on equity of 8.50% and a net margin of 11.95%.The business’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, sell-side analysts forecast that Consolidated Edison Inc will post 5.62 EPS for the current fiscal year.

Consolidated Edison Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 18th will be paid a dividend of $0.8875 per share. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.85. This represents a $3.55 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, February 18th. Consolidated Edison’s payout ratio is currently 62.83%.

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 shares were sold at an average price of $113.94, for a total value of $218,992.68. Following the completion of the transaction, the senior vice president owned 32,453 shares in the company, valued at approximately $3,697,694.82. The trade was a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ED shares. TD Cowen raised their price objective on Consolidated Edison from $105.00 to $112.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Wells Fargo & Company lowered their target price on shares of Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Morgan Stanley reissued an “underweight” rating and set a $102.00 price objective on shares of Consolidated Edison in a research report on Friday, February 20th. Mizuho set a $118.00 price objective on Consolidated Edison in a research report on Monday, February 23rd. Finally, Barclays upped their target price on shares of Consolidated Edison from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Consolidated Edison has an average rating of “Reduce” and a consensus target price of $108.80.

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.