Consolidated Edison Inc $ED Stock Holdings Lessened by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in shares of Consolidated Edison Inc (NYSE:ED) by 21.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 395,765 shares of the utilities provider’s stock after selling 107,797 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Consolidated Edison were worth $39,715,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Financial Network Wealth Advisors LLC purchased a new position in Consolidated Edison in the 1st quarter worth about $33,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Consolidated Edison by 64.9% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 305 shares of the utilities provider’s stock worth $34,000 after buying an additional 120 shares during the period. Capital Advisors Ltd. LLC increased its position in shares of Consolidated Edison by 53.2% in the second quarter. Capital Advisors Ltd. LLC now owns 314 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 109 shares in the last quarter. Bogart Wealth LLC raised its holdings in shares of Consolidated Edison by 886.5% during the second quarter. Bogart Wealth LLC now owns 365 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 328 shares during the period. Finally, SJS Investment Consulting Inc. lifted its position in shares of Consolidated Edison by 1,677.3% in the 2nd quarter. SJS Investment Consulting Inc. now owns 391 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 369 shares in the last quarter. 66.29% of the stock is owned by hedge funds and other institutional investors.

Consolidated Edison Stock Up 2.2%

ED opened at $103.90 on Tuesday. The company has a market capitalization of $37.50 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 2.70 and a beta of 0.32. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.10 and a quick ratio of 1.01. Consolidated Edison Inc has a fifty-two week low of $87.28 and a fifty-two week high of $114.87. The business has a 50-day moving average of $99.11 and a 200-day moving average of $101.05.

Consolidated Edison (NYSE:ED) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.14. Consolidated Edison had a return on equity of 8.56% and a net margin of 11.98%.During the same period in the prior year, the company earned $1.68 EPS. Consolidated Edison has set its FY 2025 guidance at 5.600-5.700 EPS. Equities research analysts forecast that Consolidated Edison Inc will post 5.62 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Wednesday, November 19th will be given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, November 19th. Consolidated Edison’s dividend payout ratio is presently 59.44%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ED shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Consolidated Edison in a research note on Tuesday, November 11th. Barclays reduced their price objective on Consolidated Edison from $105.00 to $101.00 and set an “underweight” rating for the company in a research note on Monday, November 10th. Wells Fargo & Company upgraded Consolidated Edison to a “hold” rating in a research report on Tuesday, October 28th. New Street Research set a $106.00 target price on Consolidated Edison in a report on Monday, October 6th. Finally, Scotiabank raised their price target 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. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Consolidated Edison has an average rating of “Reduce” and a consensus target price of $104.75.

Consolidated Edison 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.