Consolidated Edison Inc $ED Stock Holdings Lessened by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC reduced its holdings in Consolidated Edison Inc (NYSE:ED) by 84.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,236 shares of the utilities provider’s stock after selling 12,198 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Consolidated Edison were worth $224,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Consolidated Edison by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 43,117,094 shares of the utilities provider’s stock worth $4,768,319,000 after buying an additional 661,432 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Consolidated Edison by 1.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,868,772 shares of the utilities provider’s stock worth $538,437,000 after acquiring an additional 48,323 shares during the period. Deutsche Bank AG increased its holdings in shares of Consolidated Edison by 130.6% in the 1st quarter. Deutsche Bank AG now owns 3,926,814 shares of the utilities provider’s stock worth $434,266,000 after acquiring an additional 2,223,959 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Consolidated Edison by 106.9% in the 1st quarter. JPMorgan Chase & Co. now owns 2,790,876 shares of the utilities provider’s stock worth $308,643,000 after acquiring an additional 1,441,785 shares during the period. Finally, ATLAS Infrastructure Partners UK Ltd. acquired a new stake in shares of Consolidated Edison in the 1st quarter worth about $254,205,000. 66.29% of the stock is currently owned by institutional investors.

Consolidated Edison Stock Down 1.6%

Shares of ED stock opened at $98.62 on Wednesday. Consolidated Edison Inc has a 1 year low of $87.28 and a 1 year high of $114.87. The stock has a market cap of $35.57 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 2.79 and a beta of 0.32. The business’s fifty day moving average is $99.19 and its 200-day moving average is $102.39. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.10.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01. Consolidated Edison had a return on equity of 8.56% and a net margin of 11.98%.The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period last year, the firm earned $0.59 EPS. Consolidated Edison has set its FY 2025 guidance at 5.500-5.700 EPS. Equities analysts expect that Consolidated Edison Inc will post 5.62 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Wednesday, November 19th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Wednesday, November 19th. Consolidated Edison’s payout ratio is presently 61.71%.

Wall Street Analysts Forecast Growth

ED has been the topic of a number of analyst reports. Morgan Stanley increased their price objective on shares of Consolidated Edison from $93.00 to $100.00 and gave the stock an “underweight” rating in a report on Wednesday, October 22nd. New Street Research set a $106.00 price objective on shares of Consolidated Edison in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Consolidated Edison in a report on Wednesday, October 8th. Scotiabank increased their price objective on shares of Consolidated Edison from $101.00 to $106.00 and gave the stock a “sector perform” rating in a report on Monday, August 11th. Finally, Evercore ISI initiated coverage on shares of Consolidated Edison in a report on Tuesday, October 7th. They issued an “in-line” rating and a $106.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, Consolidated Edison presently has a consensus rating of “Reduce” and an average price target of $105.08.

Consolidated Edison Company Profile

Consolidated Edison, Inc, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan.