Key Points
- Insider sale: SVP Deneen Donnley sold 1,922 shares at an average of $113.94 for $218,992.68, reducing her stake by 5.59% to 32,453 shares (≈$3.70M).
- Dividend increase: Con Edison raised its quarterly dividend to $0.8875 (from $0.85), annualized $3.55 with a yield of about 3.1% and an ex-dividend/record date of February 18.
- Earnings beat and guidance: Q results showed EPS of $0.89 vs. $0.86 expected and revenue of $4.0B vs. $3.71B expected, and the company set FY2026 EPS guidance of $6.00–$6.20.
Consolidated Edison Inc (NYSE:ED - Get Free Report) SVP Deneen Donnley sold 1,922 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total transaction of $218,992.68. Following the transaction, the senior vice president owned 32,453 shares of the company's stock, valued at approximately $3,697,694.82. This represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Consolidated Edison Stock Up 1.5%
NYSE ED opened at $114.85 on Friday. The business has a fifty day moving average price of $107.57 and a two-hundred day moving average price of $101.90. The stock has a market capitalization of $41.49 billion, a PE ratio of 20.33, a PEG ratio of 3.04 and a beta of 0.38. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $115.37. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94.
Consolidated Edison (NYSE:ED - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.03. Consolidated Edison had a return on equity of 8.50% and a net margin of 11.95%.The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter last year, the company posted $0.98 EPS. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts expect that Consolidated Edison Inc will post 5.62 earnings per share for the current fiscal year.
Consolidated Edison Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 18th will be given a $0.8875 dividend. This is a boost from Consolidated Edison's previous quarterly dividend of $0.85. This represents a $3.55 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, February 18th. Consolidated Edison's dividend payout ratio (DPR) is presently 62.83%.
Hedge Funds Weigh In On Consolidated Edison
Hedge funds have recently modified their holdings of the business. World Investment Advisors increased its holdings in Consolidated Edison by 143.2% in the fourth quarter. World Investment Advisors now owns 31,871 shares of the utilities provider's stock valued at $3,165,000 after purchasing an additional 18,764 shares during the period. Vericrest Private Wealth bought a new position in Consolidated Edison during the 4th quarter worth $236,000. Rubicon Advisors GP acquired a new position in Consolidated Edison during the 4th quarter worth about $573,000. Corient Private Wealth LLC lifted its holdings in Consolidated Edison by 4.3% during the 4th quarter. Corient Private Wealth LLC now owns 138,879 shares of the utilities provider's stock worth $13,799,000 after buying an additional 5,692 shares during the period. Finally, Union Savings Bank bought a new stake in shares of Consolidated Edison in the 4th quarter valued at about $90,000. Institutional investors and hedge funds own 66.29% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on ED. Morgan Stanley reissued an "underweight" rating and issued a $102.00 target price on shares of Consolidated Edison in a report on Friday, February 20th. Weiss Ratings reissued a "buy (b-)" rating on shares of Consolidated Edison in a research note on Monday, December 29th. Scotiabank boosted their target price on shares of Consolidated Edison from $113.00 to $117.00 and gave the stock a "sector perform" rating in a research note on Friday, February 20th. Wells Fargo & Company lowered their price target on shares of Consolidated Edison from $99.00 to $95.00 and set an "equal weight" rating for the company in a report on Tuesday, January 20th. Finally, Citigroup reissued a "buy" rating on shares of Consolidated Edison in a report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Consolidated Edison presently has an average rating of "Reduce" and an average price target of $108.80.
Check Out Our Latest Analysis on ED
About Consolidated Edison
(
Get Free Report)
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.
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