Consolidated Edison Inc $ED Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in shares of Consolidated Edison Inc (NYSE:ED) by 6.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 510,878 shares of the utilities provider’s stock after selling 32,766 shares during the quarter. SG Americas Securities LLC’s holdings in Consolidated Edison were worth $57,821,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ED. 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 in the third quarter valued at $26,000. Aventura Private Wealth LLC bought a new position in Consolidated Edison during the fourth quarter valued at about $27,000. Westfuller Advisors LLC bought a new position in Consolidated Edison during the fourth quarter valued at about $27,000. Finally, Dorato Capital Management acquired a new position in Consolidated Edison during the fourth quarter worth about $28,000. 66.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on ED. Mizuho reiterated a “neutral” rating and issued a $105.00 price target on shares of Consolidated Edison in a research report on Tuesday, June 2nd. TD Cowen raised their price objective on shares of Consolidated Edison from $105.00 to $112.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $105.00 price objective on shares of Consolidated Edison in a research note on Thursday, May 14th. JPMorgan Chase & Co. boosted their target price on shares of Consolidated Edison from $107.00 to $113.00 and gave the stock an “underweight” rating in a report on Thursday, March 12th. Finally, Citigroup reissued a “buy” rating on shares of Consolidated Edison in a research note on Monday, February 23rd. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $107.79.

Consolidated Edison Stock Up 0.4%

Shares of Consolidated Edison stock opened at $106.81 on Tuesday. The stock’s fifty day moving average is $107.68 and its 200-day moving average is $106.81. The firm has a market capitalization of $39.36 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 2.70 and a beta of 0.27. 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 announced its earnings results on Thursday, May 7th. The utilities provider reported $2.18 EPS for the quarter, missing the consensus estimate of $2.28 by ($0.10). Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. The company had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the prior year, the company earned $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts anticipate that Consolidated Edison Inc will post 6.09 earnings per share for the current year.

Consolidated Edison Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.8875 per share. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $3.55 dividend on an annualized basis and a yield of 3.3%. Consolidated Edison’s dividend payout ratio is currently 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.