Consolidated Edison Inc $ED Position Raised by World Investment Advisors

World Investment Advisors lifted its position in shares of Consolidated Edison Inc (NYSE:ED) by 143.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 31,871 shares of the utilities provider’s stock after acquiring an additional 18,764 shares during the period. World Investment Advisors’ holdings in Consolidated Edison were worth $3,165,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. IFP Advisors Inc raised its stake in Consolidated Edison by 194.5% during the 3rd quarter. IFP Advisors Inc now owns 15,208 shares of the utilities provider’s stock valued at $1,559,000 after acquiring an additional 10,044 shares in the last quarter. Strive Asset Management LLC acquired a new position in Consolidated Edison during the 3rd quarter worth $1,005,000. North Dakota State Investment Board bought a new position in shares of Consolidated Edison in the fourth quarter worth $1,228,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Consolidated Edison by 5.6% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 776,533 shares of the utilities provider’s stock worth $78,057,000 after purchasing an additional 40,838 shares in the last quarter. Finally, AIA Group Ltd increased its holdings in shares of Consolidated Edison by 99.5% during the third quarter. AIA Group Ltd now owns 46,786 shares of the utilities provider’s stock valued at $4,703,000 after purchasing an additional 23,337 shares during the period. Institutional investors and hedge funds own 66.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ED. KeyCorp lifted their price objective on shares of Consolidated Edison from $96.00 to $97.00 and gave the company an “underweight” rating in a research note on Tuesday, April 21st. Morgan Stanley set a $99.00 target price on shares of Consolidated Edison in a research note on Thursday, May 21st. Bank of America restated an “underperform” rating and set a $104.00 price target on shares of Consolidated Edison in a research report on Wednesday, February 25th. TD Cowen upped their price target on shares of Consolidated Edison from $105.00 to $112.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. Finally, Citigroup reiterated a “buy” rating on shares of Consolidated Edison in a report on Monday, February 23rd. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, Consolidated Edison presently has a consensus rating of “Reduce” and an average target price of $107.79.

Consolidated Edison Stock Up 0.0%

ED opened at $106.36 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19. The company has a market capitalization of $39.20 billion, a PE ratio of 17.91, a P/E/G ratio of 2.70 and a beta of 0.27. The stock’s fifty day moving average is $107.84 and its 200-day moving average is $106.68. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $116.23.

Consolidated Edison (NYSE:ED) last released its earnings results on Thursday, May 7th. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.10). Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period in the previous year, the firm earned $2.26 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 6.09 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Wednesday, May 13th were issued a dividend of $0.8875 per share. This represents a $3.55 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Wednesday, May 13th. Consolidated Edison’s dividend payout ratio (DPR) is presently 59.76%.

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.