Cerity Partners LLC trimmed its position in Consolidated Edison Inc by 5.7% during the third quarter, selling 7,013 shares and reducing its holdings to 116,151 shares. At the end of that period, Cerity’s stake was valued at approximately 11.68 million dollars, reflecting a strategic rebalancing in their utility sector exposure.

Director John F. Killian sold 2,276 shares of Consolidated Edison stock on December 11th at an average price of 96.89 dollars per share, generating proceeds of roughly 220,521.64 dollars. Following the transaction, Killian’s personal holding stands at 38,661 shares, representing a 5.56% decrease in his ownership position and now constituting 0.19% of the company’s total outstanding shares.

In its third-quarter report, Consolidated Edison delivered earnings per share of 1.90 dollars, surpassing analyst consensus by 0.14 dollars, on revenue of 4.53 billion dollars versus estimates of 4.22 billion. The company reported a net margin of 12.27% and a return on equity of 8.79%, up from 1.68 dollars per share in the year-earlier period. Management set full-year guidance at 5.600 to 5.700 dollars per share, aligning with sell-side forecasts of approximately 5.62 dollars for the fiscal year.

Consolidated Edison paid a quarterly dividend of 0.85 dollars per share on December 15th to shareholders of record as of November 19th, maintaining an annualized payout of 3.40 dollars and a yield near 3.4%. The company’s dividend payout ratio stands at 59.44%, underscoring its commitment to steady income distributions for investors.