PBU The Pension Fund of Early Childhood & Youth Educators Invests $7.94 Million in Consolidated Edison Inc $ED

PBU The Pension Fund of Early Childhood & Youth Educators acquired a new position in Consolidated Edison Inc (NYSE:ED) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 79,981 shares of the utilities provider’s stock, valued at approximately $7,944,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Basepoint Wealth LLC bought a new stake in shares of Consolidated Edison in the 4th quarter worth $26,000. JPL Wealth Management LLC acquired a new stake in shares of Consolidated Edison during the 3rd quarter valued at $26,000. Aventura Private Wealth LLC acquired a new stake in shares of Consolidated Edison during the 4th quarter valued at $27,000. Westfuller Advisors LLC acquired a new stake in shares of Consolidated Edison during the 4th quarter valued at $27,000. Finally, Dorato Capital Management acquired a new stake in shares of Consolidated Edison during the 4th quarter valued at $28,000. Institutional investors own 66.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Weiss Ratings upgraded Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Evercore set a $116.00 price objective on Consolidated Edison in a research report on Monday, May 11th. The Goldman Sachs Group reiterated a “sell” rating and set a $105.00 price objective on shares of Consolidated Edison in a research report on Thursday, May 14th. Scotiabank increased their price objective 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. Finally, Citigroup reiterated a “buy” rating on shares of Consolidated Edison in a research report on Monday, February 23rd. Two research 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $107.79.

Insider Activity

In other news, SVP Deneen L. Donnley sold 1,922 shares of the stock in a transaction 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 $3,697,694.82. This represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is owned by insiders.

Consolidated Edison Price Performance

ED opened at $106.31 on Friday. The stock has a fifty day moving average of $109.20 and a 200-day moving average of $106.24. The firm has a market capitalization of $39.18 billion, a P/E ratio of 17.90, a PEG ratio of 2.70 and a beta of 0.27. Consolidated Edison Inc has a 12-month low of $94.96 and a 12-month high of $116.23. 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 (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). The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. During the same quarter in the previous year, the company earned $2.26 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts forecast that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 13th will be issued 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 3.3%. Consolidated Edison’s dividend payout ratio is presently 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.