<div id="readability-page-1"><p>Hennessy Advisors Inc. decreased its position in  Consolidated Edison Inc (NYSE:ED - Free Report) by 13.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 120,836 shares of the utilities provider's stock after selling 18,100 shares during the period. Hennessy Advisors Inc.'s holdings in Consolidated Edison were worth $12,146,000 as of its most recent SEC filing.</p><div><p><span></span><span>Get <strong>Consolidated Edison</strong> alerts:</span></p></div><ul><li>Sportradar Rides the Sports Betting Trend From Behind the Curtain</li></ul><p>A number of other hedge funds and other institutional investors have also bought and sold shares of ED. Capital Advisors Ltd. LLC grew its position in shares of  Consolidated Edison by 53.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 314 shares of the utilities provider's stock worth $32,000 after buying an additional 109 shares during the last quarter.  Bogart Wealth LLC lifted its stake in  Consolidated Edison by 886.5% in the second quarter. Bogart Wealth LLC now owns 365 shares of the utilities provider's stock worth $37,000 after acquiring an additional 328 shares during the period.  SJS Investment Consulting Inc. boosted its holdings in  Consolidated Edison by 1,677.3% in the second quarter. SJS Investment Consulting Inc. now owns 391 shares of the utilities provider's stock valued at $39,000 after acquiring an additional 369 shares in the last quarter.  HFM Investment Advisors LLC bought a new stake in  Consolidated Edison in the first quarter valued at $52,000.  Finally, Darwin Wealth Management LLC purchased a new position in  Consolidated Edison during the 2nd quarter valued at $52,000. Institutional investors own  66.29% of the company's stock. </p><h2>Consolidated Edison Price Performance</h2><p>Shares of ED opened at $99.41 on Thursday. Consolidated Edison Inc has a fifty-two week low of $87.28 and a fifty-two week high of $114.87. The firm's 50-day simple moving average is $98.80 and its two-hundred day simple moving average is $99.80. The stock has a market cap of $35.88 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 2.89 and a beta of 0.37. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.97 and a current ratio of 1.08. </p><ul><li>TKO Group Knocks Out WrestleMania Event Record</li></ul><p>Consolidated Edison (NYSE:ED - Get Free Report) last released its earnings results on Thursday, November 6th. The utilities provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.14. Consolidated Edison had a net margin of 12.27% and a return on equity of 8.79%. The firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $4.22 billion. During the same period last year, the business earned $1.68 earnings per share. Consolidated Edison has set its FY 2025 guidance at 5.600-5.700 EPS.  Analysts anticipate that  Consolidated Edison Inc will post 5.62 earnings per share for the current fiscal year. </p><h2>Consolidated Edison Announces Dividend</h2><p>The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Wednesday, November 19th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, November 19th. Consolidated Edison's payout ratio is 59.44%. </p><h2>Analysts Set New Price Targets</h2><ul><li>3 Dividend Kings Poised to Outperform the Market</li></ul><p>Several research firms have recently commented on ED. Weiss Ratings  reaffirmed a &#34;buy (b-)&#34; rating on shares of Consolidated Edison in a research report on Monday. Evercore ISI initiated coverage on shares of Consolidated Edison in a research note on Tuesday, October 7th. They issued an &#34;in-line&#34; rating and a $106.00 price target for the company. Wells Fargo &amp; Company raised Consolidated Edison to a &#34;hold&#34; rating in a research report on Tuesday, October 28th. JPMorgan Chase &amp; Co. reduced their target price on Consolidated Edison from $101.00 to $97.00 and set an &#34;underweight&#34; rating on the stock in a report on Friday, December 12th. Finally, Morgan Stanley  set a $92.00 target price on Consolidated Edison in a research report on Tuesday, December 16th. Three research analysts have rated the stock with a Buy rating, five have assigned  a Hold rating and five have assigned  a Sell rating to the company. According to data from MarketBeat.com, Consolidated Edison currently has an average rating of &#34;Reduce&#34; and an average price target of $102.54.</p><p><b>View Our Latest Research Report on Consolidated Edison</b></p><h2>Insider Activity at Consolidated Edison</h2><p>In other news, Director John F. Killian sold 2,276 shares of the firm's stock in a transaction 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 in the company, valued at $3,745,864.29. This trade represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which is available through the SEC website. Corporate insiders own  0.19% of the company's stock. </p><h2>About Consolidated Edison</h2> (Free Report)<p>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.  </p><p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Consolidated Edison</li><li>The Best $1 You'll Spend This Holiday Season</li><li>Holiday surprise: $1 gets you everything</li><li>America’s “most deplorable” Christmas sale</li><li>Market Panic: Trump Just Dropped a Bomb on Your Stocks</li><li>Your family's wealth expires in 2026?</li></ul><p><strong>Want to see what other hedge funds are holding ED?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Consolidated Edison Inc (NYSE:ED - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVE?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUVE"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Consolidated Edison Right Now?</h2><p>Before you consider Consolidated Edison, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Consolidated Edison wasn't on the list.</p><p>While Consolidated Edison currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

HNNA

<p>Hennessy Advisors Inc. reduced its stake in Consolidated Edison Inc. by 13.0% in Q3, selling 18,100 shares, leaving it with 120,836 shares valued at $12.15 million. Other institutional investors have also adjusted their positions. Consolidated Edison reported Q3 earnings of $1.90 per share, exceeding estimates, and announced a quarterly dividend of $0.85. Analysts have mixed ratings on the stock, with an average price target of $102.54. The stock opened at $99.41, with a market cap of $35.88 billion and a PE ratio of 17.38.</p>

Hennessy Advisors Inc. Sells 18,100 Shares of Consolidated Edison Inc $ED