Callan Family Office LLC Acquires Shares of 5,454 Consolidated Edison Inc $ED

Callan Family Office LLC bought a new position in Consolidated Edison Inc (NYSE:ED) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,454 shares of the utilities provider’s stock, valued at approximately $603,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Revolve Wealth Partners LLC raised its holdings in Consolidated Edison by 13.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider’s stock worth $332,000 after acquiring an additional 441 shares during the last quarter. Empowered Funds LLC lifted its position in Consolidated Edison by 42.1% in the 1st quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider’s stock valued at $993,000 after acquiring an additional 2,659 shares in the last quarter. Woodline Partners LP boosted its stake in Consolidated Edison by 40.7% during the 1st quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider’s stock valued at $3,237,000 after purchasing an additional 8,468 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Consolidated Edison during the 2nd quarter valued at $3,256,000. Finally, Baird Financial Group Inc. increased its holdings in shares of Consolidated Edison by 2.1% in the 2nd quarter. Baird Financial Group Inc. now owns 14,679 shares of the utilities provider’s stock worth $1,473,000 after purchasing an additional 296 shares in the last quarter. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Stock Down 0.5%

ED stock opened at $107.15 on Wednesday. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $116.23. The business’s 50-day moving average is $109.94 and its two-hundred day moving average is $109.91. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27. The company has a market cap of $39.63 billion, a price-to-earnings ratio of 17.59, a P/E/G ratio of 2.73 and a beta of 0.27.

Consolidated Edison (NYSE:ED) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%.The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the previous year, the company posted $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts forecast that Consolidated Edison Inc will post 6.09 earnings per share for the current year.

Consolidated Edison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Wednesday, August 19th will be given a $0.8875 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $3.55 annualized dividend and a yield of 3.3%. Consolidated Edison’s dividend payout ratio (DPR) is presently 58.29%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. KeyCorp lowered their price target on Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating on the stock in a report on Thursday, July 23rd. Morgan Stanley reduced their price objective on Consolidated Edison from $105.00 to $101.00 and set an “underweight” rating for the company in a report on Friday, August 21st. The Goldman Sachs Group reissued a “sell” rating and issued a $105.00 target price on shares of Consolidated Edison in a research report on Thursday, May 14th. Evercore restated a “positive” rating and set a $112.00 target price on shares of Consolidated Edison in a research note on Monday, August 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Consolidated Edison in a report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $108.93.

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.