Swiss Life Asset Management Ltd Purchases 7,885 Shares of Consolidated Edison Inc $ED

Swiss Life Asset Management Ltd grew its position in Consolidated Edison Inc (NYSE:ED) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,986 shares of the utilities provider’s stock after acquiring an additional 7,885 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Consolidated Edison were worth $10,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. JPL Wealth Management LLC bought a new stake in Consolidated Edison in the 3rd quarter worth approximately $26,000. Aventura Private Wealth LLC bought a new stake in Consolidated Edison in the 4th quarter worth approximately $27,000. Westfuller Advisors LLC bought a new stake in Consolidated Edison in the 4th quarter worth approximately $27,000. Dorato Capital Management bought a new stake in Consolidated Edison in the 4th quarter worth approximately $28,000. Finally, WealthCollab LLC increased its stake in Consolidated Edison by 68.4% in the 4th quarter. WealthCollab LLC now owns 315 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 128 shares during the last quarter. Institutional investors own 66.29% of the company’s stock.

Insiders Place Their Bets

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $113.94, for a total value of $218,992.68. Following the completion of the sale, the senior vice president owned 32,453 shares of the company’s stock, valued at approximately $3,697,694.82. This trade represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ED. UBS Group increased their price target on Consolidated Edison from $108.00 to $112.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Morgan Stanley decreased their price target on Consolidated Edison from $106.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. TD Cowen increased their price target on Consolidated Edison from $105.00 to $112.00 and gave the company a “hold” rating in a report on Tuesday, February 24th. Evercore set a $116.00 price target on Consolidated Edison in a report on Monday. Finally, Mizuho set a $118.00 price target on Consolidated Edison in a report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Consolidated Edison presently has a consensus rating of “Reduce” and a consensus price target of $109.46.

Consolidated Edison Price Performance

Shares of ED stock opened at $106.76 on Wednesday. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $116.23. The stock’s 50-day moving average is $111.25 and its 200 day moving average is $105.33. The company has a market cap of $39.35 billion, a P/E ratio of 17.97, a PEG ratio of 2.70 and a beta of 0.29. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.19 and a quick ratio of 1.09.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings data on Thursday, May 7th. The utilities provider reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates 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 $5.10 billion for the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the previous year, the business earned $2.26 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts predict that Consolidated Edison Inc will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 13th will be given a dividend of $0.8875 per share. The ex-dividend date of this dividend is 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 (DPR) is presently 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.