Healthcare of Ontario Pension Plan Trust Fund Has $60.48 Million Stock Holdings in Consolidated Edison Inc $ED

Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in shares of Consolidated Edison Inc (NYSE:ED) by 28.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 608,968 shares of the utilities provider’s stock after selling 243,909 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Consolidated Edison were worth $60,483,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Basepoint Wealth LLC acquired a new position in Consolidated Edison during the fourth quarter worth $26,000. JPL Wealth Management LLC acquired a new position in Consolidated Edison during the third quarter worth $26,000. Aventura Private Wealth LLC acquired a new position in Consolidated Edison during the fourth quarter worth $27,000. Westfuller Advisors LLC acquired a new position in Consolidated Edison during the fourth quarter worth $27,000. Finally, Dorato Capital Management acquired a new position in Consolidated Edison during the fourth quarter worth $28,000. Institutional investors and hedge funds own 66.29% of the company’s stock.

Consolidated Edison Stock Performance

NYSE ED opened at $107.71 on Monday. Consolidated Edison Inc has a 1 year low of $94.96 and a 1 year high of $116.23. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.19 and a quick ratio of 1.09. The firm has a market cap of $39.69 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 2.74 and a beta of 0.27. The company has a fifty day moving average price of $108.59 and a 200-day moving average price of $106.47.

Consolidated Edison (NYSE:ED) last posted its earnings results on Thursday, May 7th. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by ($0.10). Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the previous year, the company earned $2.26 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities research analysts predict that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 13th will be paid a $0.8875 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $3.55 annualized dividend and a dividend yield of 3.3%. Consolidated Edison’s dividend payout ratio is presently 59.76%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wells Fargo & Company set a $98.00 price objective on shares of Consolidated Edison in a report on Tuesday, April 21st. JPMorgan Chase & Co. upped their price objective on shares of Consolidated Edison from $107.00 to $113.00 and gave the stock an “underweight” rating in a report on Thursday, March 12th. Mizuho restated a “neutral” rating and set a $105.00 price objective on shares of Consolidated Edison in a report on Tuesday, June 2nd. Weiss Ratings upgraded shares of Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Finally, Barclays lowered their price objective on shares of Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating on the stock in a report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $107.79.

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.