Wealthcare Advisory Partners LLC Buys 6,981 Shares of Consolidated Edison Inc $ED

Wealthcare Advisory Partners LLC raised its stake in Consolidated Edison Inc (NYSE:ED) by 163.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,258 shares of the utilities provider’s stock after buying an additional 6,981 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Consolidated Edison were worth $1,118,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ED. JPL Wealth Management LLC purchased a new stake in Consolidated Edison in the 3rd quarter valued at $26,000. Aventura Private Wealth LLC bought a new position in Consolidated Edison during the 4th quarter valued at $27,000. Salomon & Ludwin LLC boosted its holdings in Consolidated Edison by 270.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 219 shares during the last quarter. Turning Point Benefit Group Inc. bought a new stake in shares of Consolidated Edison in the 3rd quarter worth $32,000. Finally, Palisade Asset Management LLC bought a new stake in shares of Consolidated Edison in the 3rd quarter worth $37,000. Institutional investors own 66.29% of the company’s stock.

Insider Buying and Selling at Consolidated Edison

In other news, SVP Deneen L. Donnley sold 1,922 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total transaction of $218,992.68. Following the completion of the sale, the senior vice president owned 32,453 shares in the company, valued at $3,697,694.82. This trade represents a 5.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.17% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on ED. Morgan Stanley reissued an “underweight” rating and set a $102.00 price target on shares of Consolidated Edison in a research report on Friday, February 20th. Wells Fargo & Company reduced their price objective on shares of Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. TD Cowen increased their price objective on shares of Consolidated Edison from $105.00 to $112.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. UBS Group lifted their target price on shares of Consolidated Edison from $108.00 to $112.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Finally, Barclays boosted their target price on Consolidated Edison from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $108.80.

Consolidated Edison Trading Up 1.6%

NYSE ED opened at $113.41 on Tuesday. The stock has a market capitalization of $40.97 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.85 and a beta of 0.38. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $116.23. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94. The business’s fifty day moving average is $110.04 and its 200-day moving average is $103.02.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.03. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the business earned $0.98 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts predict that Consolidated Edison Inc will post 5.62 EPS for the current year.

Consolidated Edison Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Wednesday, February 18th were given a dividend of $0.8875 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. Consolidated Edison’s payout ratio is currently 62.83%.

Consolidated Edison Company 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.