Consolidated Edison Inc $ED Stock Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in shares of Consolidated Edison Inc (NYSE:ED) by 33.2% in the third quarter, Holdings Channel reports. The firm owned 911,013 shares of the utilities provider’s stock after selling 452,737 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Consolidated Edison were worth $93,115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cornerstone Financial Management LLC lifted its stake in Consolidated Edison by 43.2% in the second quarter. Cornerstone Financial Management LLC now owns 318 shares of the utilities provider’s stock valued at $35,000 after buying an additional 96 shares during the period. Charles Schwab Trust Co boosted its holdings in Consolidated Edison by 2.3% during the third quarter. Charles Schwab Trust Co now owns 4,400 shares of the utilities provider’s stock worth $450,000 after buying an additional 100 shares during the last quarter. Sachetta LLC boosted its holdings in Consolidated Edison by 72.9% during the first quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock worth $27,000 after buying an additional 102 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in shares of Consolidated Edison by 1.3% during the 1st quarter. Frank Rimerman Advisors LLC now owns 8,275 shares of the utilities provider’s stock worth $937,000 after buying an additional 105 shares during the period. Finally, Activest Wealth Management grew its position in shares of Consolidated Edison by 77.3% during the 3rd quarter. Activest Wealth Management now owns 250 shares of the utilities provider’s stock worth $26,000 after buying an additional 109 shares during the period. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Price Performance

ED opened at $111.82 on Thursday. The stock has a market cap of $41.35 billion, a P/E ratio of 19.34, a P/E/G ratio of 3.88 and a beta of 0.26. 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 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 1.04. The company has a fifty day simple moving average of $106.73 and a 200 day simple moving average of $108.38.

Consolidated Edison (NYSE:ED) last posted its earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.07. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.60 billion. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%. During the same period in the previous year, the company posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, research analysts expect that Consolidated Edison Inc will post 6.10 EPS for the current year.

Consolidated Edison Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, November 18th will be issued a $0.8875 dividend. This represents a $3.55 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Wednesday, November 18th. Consolidated Edison’s dividend payout ratio is 58.29%.

Analyst Upgrades and Downgrades

ED has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on Consolidated Edison from $106.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. KeyCorp reduced their price objective on shares of Consolidated Edison from $94.00 to $87.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Consolidated Edison in a research note on Monday. Morgan Stanley decreased their price objective on shares of Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating for the company in a report on Friday, September 18th. Finally, Barclays decreased their price objective on shares of Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating for the company in a report on Friday, August 7th. Three equities 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $107.73.

About Consolidated Edison

Consolidated Edison, Inc is a diversified energy company headquartered in New York City. Through its regulated utility subsidiaries, the company delivers electricity, natural gas and steam to residential, commercial and industrial customers.

Its principal subsidiary, Consolidated Edison Company of New York, provides electric service throughout New York City and Westchester County, along with gas service in Manhattan, the Bronx, parts of Queens and Westchester County, and steam service in parts of Manhattan.