Consolidated Edison Inc $ED Stake Raised by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC raised its position in shares of Consolidated Edison Inc (NYSE:ED) by 269.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,582 shares of the utilities provider’s stock after purchasing an additional 6,260 shares during the period. Ameritas Advisory Services LLC’s holdings in Consolidated Edison were worth $852,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ED. Lazard Asset Management LLC raised its stake in shares of Consolidated Edison by 121,543.9% during the 3rd quarter. Lazard Asset Management LLC now owns 5,960,553 shares of the utilities provider’s stock worth $599,155,000 after purchasing an additional 5,955,653 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Consolidated Edison during the 4th quarter worth about $113,977,000. AQR Capital Management LLC raised its stake in shares of Consolidated Edison by 104.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,905,678 shares of the utilities provider’s stock worth $190,530,000 after purchasing an additional 974,419 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Consolidated Edison by 94.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,904,876 shares of the utilities provider’s stock worth $191,478,000 after purchasing an additional 926,716 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Consolidated Edison by 344.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 891,895 shares of the utilities provider’s stock worth $88,583,000 after purchasing an additional 691,304 shares in the last quarter. 66.29% of the stock is owned by hedge funds and other institutional investors.

Consolidated Edison Stock Performance

ED opened at $105.37 on Friday. The firm has a market capitalization of $38.83 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 2.72 and a beta of 0.29. The stock’s 50 day moving average price is $110.88 and its two-hundred day moving average price is $105.42. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.00. Consolidated Edison Inc has a 12-month low of $94.96 and a 12-month high of $116.23.

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

Consolidated Edison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th will be given a $0.8875 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.4%. Consolidated Edison’s dividend payout ratio (DPR) is currently 59.76%.

Insider Activity at Consolidated Edison

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of the firm’s 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 completion of the sale, the senior vice president 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ED shares. Barclays cut their price target on Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating for the company in a research note on Monday. Morgan Stanley cut their price target on Consolidated Edison from $106.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. TD Cowen increased their price objective on Consolidated Edison from $105.00 to $112.00 and gave the company a “hold” rating in a report on Tuesday, February 24th. Bank of America reissued an “underperform” rating and set a $104.00 price objective on shares of Consolidated Edison in a report on Wednesday, February 25th. Finally, UBS Group increased their price objective on Consolidated Edison from $108.00 to $112.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, Consolidated Edison presently has a consensus rating of “Reduce” and a consensus target price of $109.14.

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.