Tableaux LLC Sells 6,210 Shares of Consolidated Edison Inc $ED

Tableaux LLC decreased its position in shares of Consolidated Edison Inc (NYSE:ED) by 66.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,128 shares of the utilities provider’s stock after selling 6,210 shares during the quarter. Tableaux LLC’s holdings in Consolidated Edison were worth $311,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its position in Consolidated Edison by 4.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 76,175 shares of the utilities provider’s stock worth $7,566,000 after purchasing an additional 3,223 shares during the period. Venture Visionary Partners LLC lifted its position in Consolidated Edison by 2.0% during the fourth quarter. Venture Visionary Partners LLC now owns 5,606 shares of the utilities provider’s stock worth $557,000 after purchasing an additional 108 shares during the period. Panagora Asset Management Inc. lifted its position in Consolidated Edison by 54.7% during the fourth quarter. Panagora Asset Management Inc. now owns 1,202,305 shares of the utilities provider’s stock worth $119,413,000 after purchasing an additional 424,932 shares during the period. MML Investors Services LLC lifted its position in Consolidated Edison by 9.4% during the fourth quarter. MML Investors Services LLC now owns 178,258 shares of the utilities provider’s stock worth $17,705,000 after purchasing an additional 15,254 shares during the period. Finally, Mariner LLC lifted its position in Consolidated Edison by 30.8% during the fourth quarter. Mariner LLC now owns 133,372 shares of the utilities provider’s stock worth $13,246,000 after purchasing an additional 31,416 shares during the period. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Stock Down 0.0%

ED stock opened at $107.71 on Monday. The stock has a market capitalization of $39.69 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 2.74 and a beta of 0.27. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00. Consolidated Edison Inc has a 12 month low of $94.96 and a 12 month high of $116.23. The firm has a 50-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 EPS for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.10). The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.During the same period last year, the company posted $2.26 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities research analysts anticipate that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

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

Wall Street Analysts Forecast Growth

ED has been the subject of several recent analyst reports. Weiss Ratings raised shares of Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Citigroup reaffirmed a “buy” rating on shares of Consolidated Edison in a research report on Monday, February 23rd. KeyCorp increased their target price on shares of Consolidated Edison from $96.00 to $97.00 and gave the stock an “underweight” rating in a report on Tuesday, April 21st. The Goldman Sachs Group reissued a “sell” rating and issued a $105.00 target price on shares of Consolidated Edison in a report on Thursday, May 14th. Finally, TD Cowen increased their target price on shares of Consolidated Edison from $105.00 to $112.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $107.79.

Consolidated Edison Profile

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.