Consolidated Edison Inc $ED Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its holdings in shares of Consolidated Edison Inc (NYSE:ED) by 219.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 44,077 shares of the utilities provider’s stock after buying an additional 30,258 shares during the quarter. Vinva Investment Management Ltd’s holdings in Consolidated Edison were worth $4,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in shares of Consolidated Edison by 7.3% during the 3rd quarter. Parallel Advisors LLC now owns 13,895 shares of the utilities provider’s stock valued at $1,397,000 after acquiring an additional 951 shares during the last quarter. Korea Investment CORP boosted its position in shares of Consolidated Edison by 25.2% in the third quarter. Korea Investment CORP now owns 272,297 shares of the utilities provider’s stock worth $27,371,000 after acquiring an additional 54,777 shares during the last quarter. Angeles Wealth Management LLC acquired a new stake in shares of Consolidated Edison in the third quarter worth approximately $230,000. Blair William & Co. IL grew its holdings in Consolidated Edison by 5.1% in the third quarter. Blair William & Co. IL now owns 29,233 shares of the utilities provider’s stock valued at $2,939,000 after purchasing an additional 1,410 shares during the period. Finally, First Trust Advisors LP grew its holdings in Consolidated Edison by 9.4% in the third quarter. First Trust Advisors LP now owns 1,116,489 shares of the utilities provider’s stock valued at $112,229,000 after purchasing an additional 96,392 shares during the period. 66.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Consolidated Edison

In other news, Director John F. Killian sold 2,276 shares of the firm’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 completion of the sale, the director owned 38,661 shares of the company’s stock, valued at approximately $3,745,864.29. This trade represents a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.17% of the company’s stock.

Consolidated Edison Stock Up 1.6%

Shares of NYSE ED opened at $112.43 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 1.02. Consolidated Edison Inc has a 1 year low of $94.96 and a 1 year high of $115.25. The stock’s 50-day simple moving average is $106.28 and its 200-day simple moving average is $101.50. The firm has a market cap of $40.62 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 3.02 and a beta of 0.38.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. Consolidated Edison had a return on equity of 8.50% and a net margin of 11.95%.The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the prior year, the business posted $0.98 earnings per share. Consolidated Edison’s revenue for the quarter was up 8.9% on a year-over-year basis. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts anticipate that Consolidated Edison Inc will post 5.62 earnings per share for the current fiscal year.

Consolidated Edison Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Wednesday, February 18th will be paid a dividend of $0.8875 per share. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. The ex-dividend date is Wednesday, February 18th. This represents a $3.55 annualized dividend and a dividend yield of 3.2%. Consolidated Edison’s dividend payout ratio (DPR) is currently 62.83%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ED shares. Barclays increased their price target on shares of Consolidated Edison from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 24th. Citigroup reissued a “buy” rating on shares of Consolidated Edison in a research note on Monday, February 23rd. Wells Fargo & Company cut their target price on Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. JPMorgan Chase & Co. reduced their target price on Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating on the stock in a report on Friday, December 12th. Finally, Scotiabank boosted their price target on Consolidated Edison from $113.00 to $117.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. Three equities research 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, Consolidated Edison has a consensus rating of “Reduce” and a consensus price target of $107.73.

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.