Consolidated Edison Inc (NYSE:ED) Declares Quarterly Dividend of $0.89

Consolidated Edison Inc (NYSE:ED) declared a quarterly dividend on Thursday, October 15th. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.8875 per share by the utilities provider on Tuesday, December 15th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, November 18th.

Consolidated Edison has a payout ratio of 59.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Consolidated Edison to earn $6.49 per share next year, which means the company should continue to be able to cover its $3.55 annual dividend with an expected future payout ratio of 54.7%.

Consolidated Edison Stock Up 0.2%

Shares of NYSE ED opened at $109.79 on Friday. The business has a 50-day simple moving average of $106.40 and a two-hundred day simple moving average of $108.46. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 1.04. Consolidated Edison has a 52 week low of $94.96 and a 52 week high of $116.23. The company has a market cap of $40.61 billion, a P/E ratio of 18.03, a P/E/G ratio of 3.79 and a beta of 0.26.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.76 by $0.07. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. The company had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter in the previous year, the company earned $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts anticipate that Consolidated Edison will post 6.10 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Cornerstone Financial Management LLC raised its position in shares of Consolidated Edison by 43.2% in the 2nd quarter. Cornerstone Financial Management LLC now owns 318 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 96 shares during the last quarter. Charles Schwab Trust Co grew its holdings in shares of Consolidated Edison by 2.3% in the third quarter. Charles Schwab Trust Co now owns 4,400 shares of the utilities provider’s stock worth $450,000 after acquiring an additional 100 shares during the period. Sachetta LLC grew its stake in shares of Consolidated Edison by 72.9% during the 1st quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 102 shares during the period. Frank Rimerman Advisors LLC grew its position in Consolidated Edison by 1.3% during the first quarter. Frank Rimerman Advisors LLC now owns 8,275 shares of the utilities provider’s stock valued at $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 valued at $26,000 after acquiring an additional 109 shares during the period. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Consolidated Edison Company Profile

Consolidated Edison, Inc is an energy delivery company headquartered in New York. Through its principal subsidiary, Consolidated Edison Company of New York, Inc, the company provides electric, natural gas and steam service to customers in New York City and Westchester County.

Consolidated Edison also owns Orange and Rockland Utilities, Inc, which delivers electricity and natural gas in parts of southeastern New York, northern New Jersey and northeastern Pennsylvania. Its utility operations include the generation, transmission, distribution and delivery of energy, as well as the operation and maintenance of related infrastructure.

With roots tracing to the New York Gas Light Company, established in 1823, Consolidated Edison has developed into one of the United States’ largest investor-owned energy-delivery companies.