Focus Partners Advisor Solutions LLC Raises Stock Holdings in Consolidated Edison Inc $ED

Focus Partners Advisor Solutions LLC boosted its holdings in Consolidated Edison Inc (NYSE:ED) by 92.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,911 shares of the utilities provider’s stock after purchasing an additional 11,512 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Consolidated Edison were worth $2,379,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Revolve Wealth Partners LLC boosted its holdings in shares of Consolidated Edison by 13.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider’s stock worth $332,000 after buying an additional 441 shares during the last quarter. Empowered Funds LLC raised its position in Consolidated Edison by 42.1% in the first quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider’s stock worth $993,000 after acquiring an additional 2,659 shares during the period. Woodline Partners LP boosted its stake in Consolidated Edison by 40.7% in the first quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider’s stock valued at $3,237,000 after acquiring an additional 8,468 shares during the last quarter. Atria Investments Inc grew its position in shares of Consolidated Edison by 37.2% during the 2nd quarter. Atria Investments Inc now owns 9,933 shares of the utilities provider’s stock valued at $997,000 after acquiring an additional 2,693 shares during the period. Finally, Crestwood Advisors Group LLC increased its stake in shares of Consolidated Edison by 10.1% during the 2nd quarter. Crestwood Advisors Group LLC now owns 5,412 shares of the utilities provider’s stock worth $543,000 after purchasing an additional 496 shares during the last quarter. Institutional investors own 66.29% of the company’s stock.

Insider Buying and Selling at Consolidated Edison

In related news, Director John F. Killian sold 2,276 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $96.89, for a total value of $220,521.64. Following the sale, the director owned 38,661 shares in the company, valued at approximately $3,745,864.29. This trade represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group raised their target price on Consolidated Edison from $108.00 to $112.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Citigroup reissued a “buy” rating on shares of Consolidated Edison in a report on Monday, February 23rd. Royal Bank Of Canada restated a “sector perform” rating and issued a $118.00 price objective on shares of Consolidated Edison in a research note on Friday, January 23rd. JPMorgan Chase & Co. cut their target price on shares of Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating for the company in a research report on Friday, December 12th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $102.00 target price on shares of Consolidated Edison in a research note on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $107.73.

Consolidated Edison Stock Up 0.0%

ED stock opened at $112.39 on Thursday. The stock has a 50-day simple moving average of $105.79 and a two-hundred day simple moving average of $101.35. Consolidated Edison Inc has a twelve month low of $94.96 and a twelve month high of $115.25. The firm has a market capitalization of $40.60 billion, a PE ratio of 19.89, a PEG ratio of 3.02 and a beta of 0.38. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 1.06.

Consolidated Edison (NYSE:ED) last released its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.71 billion. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. Consolidated Edison’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $0.98 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts predict that Consolidated Edison Inc will post 5.62 EPS for the current fiscal year.

Consolidated Edison Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Wednesday, February 18th will be given a dividend of $0.8875 per share. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. The ex-dividend date is Wednesday, February 18th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.2%. Consolidated Edison’s dividend payout ratio (DPR) is presently 62.83%.

Consolidated Edison Profile

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.