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Consolidated Edison Inc (NYSE:ED) VP & Controller Miller Joseph reported purchasing 1.056 shares of common stock on September 15, 2025, at a price of $97.46, for a total transaction value of $102.
Following the transaction, Miller directly owns 3646.976 shares of Consolidated Edison, Inc. common stock. This number includes shares acquired under the Consolidated Edison, Inc. Employee Stock Purchase Plan on 6/30/2025, 7/31/2025, and 8/31/2025. Miller also indirectly owns 117.978 shares of company common stock through a Tax Reduction Act Stock Ownership Plan (TRASOP). The utility giant, with a market capitalization of $34.5 billion, boasts a 3.51% dividend yield and has raised its dividend for 50 consecutive years, according to InvestingPro data. Discover more insights and 5 additional ProTips with an InvestingPro subscription.
In other recent news, Consolidated Edison reported second-quarter 2025 adjusted earnings per share of $0.68, surpassing the consensus estimate of $0.65. This solid performance led Mizuho to raise its price target for the company from $107.00 to $112.00, while maintaining an Outperform rating. Consolidated Edison has also reaffirmed its long-term earnings per share compound annual growth rate of 6% to 7%. Additionally, the company announced a quarterly dividend of 85 cents per share, payable on September 15, 2025, to shareholders of record as of August 13, 2025. In another development, Brendan Cavanagh, CEO of SBA Communications, has been elected to Consolidated Edison’s Board of Directors, effective October 1, 2025. Cavanagh brings extensive leadership experience from his tenure at SBA Communications. These recent developments reflect Consolidated Edison’s ongoing strategic initiatives and financial stability.
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