Key Points
- Director John Killian sold 2,276 shares on December 11 at an average price of $96.89 for $220,521.64, trimming his position by 5.56% to 38,661 shares; the sale was disclosed in an SEC filing.
- Earnings and guidance: Consolidated Edison beat quarterly EPS estimates ($1.90 vs. $1.76) and set FY2025 guidance of $5.600–$5.700, roughly in line with analyst expectations of about $5.62.
- Dividend and sentiment: The company declared a $0.85 quarterly dividend ($3.40 annual, 3.5% yield, DPR ~59.4%), while analysts' consensus rating is "Reduce" with an average target of $103.69 and the stock trading near $97–99.
Consolidated Edison Inc (NYSE:ED - Get Free Report) Director John Killian sold 2,276 shares of the business's stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $96.89, for a total transaction of $220,521.64. Following the completion of the transaction, the director directly owned 38,661 shares of the company's stock, valued at $3,745,864.29. This trade represents a 5.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Consolidated Edison Stock Up 2.0%
Shares of NYSE ED opened at $97.55 on Friday. Consolidated Edison Inc has a 12-month low of $87.28 and a 12-month high of $114.87. The stock's fifty day simple moving average is $99.29 and its two-hundred day simple moving average is $100.15. The stock has a market capitalization of $35.21 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 2.77 and a beta of 0.37. The company has a current ratio of 1.08, a quick ratio of 0.97 and a debt-to-equity ratio of 1.03.
Consolidated Edison (NYSE:ED - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.14. Consolidated Edison had a return on equity of 8.79% and a net margin of 12.27%.During the same quarter in the previous year, the company posted $1.68 earnings per share. Consolidated Edison has set its FY 2025 guidance at 5.600-5.700 EPS. As a group, analysts expect that Consolidated Edison Inc will post 5.62 EPS for the current fiscal year.
Consolidated Edison Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Wednesday, November 19th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Wednesday, November 19th. Consolidated Edison's dividend payout ratio (DPR) is currently 59.44%.
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. KeyCorp cut their price objective on shares of Consolidated Edison from $90.00 to $86.00 and set an "underweight" rating on the stock in a research report on Friday. Morgan Stanley reaffirmed an "underweight" rating and issued a $98.00 price target on shares of Consolidated Edison in a report on Thursday, November 20th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Consolidated Edison in a report on Monday. JPMorgan Chase & Co. lowered their price objective on Consolidated Edison from $101.00 to $97.00 and set an "underweight" rating for the company in a research report on Friday. Finally, New Street Research set a $106.00 target price on Consolidated Edison in a research report on Monday, October 6th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, Consolidated Edison has an average rating of "Reduce" and an average target price of $103.69.
View Our Latest Report on ED
Institutional Investors Weigh In On Consolidated Edison
A number of large investors have recently made changes to their positions in ED. JPL Wealth Management LLC purchased a new position in Consolidated Edison in the 3rd quarter worth $26,000. Financial Network Wealth Advisors LLC purchased a new stake in Consolidated Edison during the 1st quarter valued at about $33,000. Salomon & Ludwin LLC increased its holdings in shares of Consolidated Edison by 270.4% in the third quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider's stock valued at $30,000 after purchasing an additional 219 shares during the period. Capital Advisors Ltd. LLC raised its stake 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 purchasing an additional 109 shares during the last quarter. Finally, Turning Point Benefit Group Inc. acquired a new stake in shares of Consolidated Edison during the third quarter worth about $32,000. 66.29% of the stock is owned by hedge funds and other institutional investors.
About Consolidated Edison
(
Get Free Report)
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.
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