World Investment Advisors Grows Holdings in Consolidated Edison Inc $ED

World Investment Advisors boosted its position in Consolidated Edison Inc (NYSE:ED) by 143.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,871 shares of the utilities provider’s stock after buying an additional 18,764 shares during the quarter. World Investment Advisors’ holdings in Consolidated Edison were worth $3,165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPL Wealth Management LLC purchased a new stake in shares of Consolidated Edison during the third quarter worth about $26,000. Basepoint Wealth LLC purchased a new position in Consolidated Edison in the fourth quarter valued at about $26,000. Aventura Private Wealth LLC purchased a new position in Consolidated Edison in the fourth quarter valued at about $27,000. Westfuller Advisors LLC acquired a new stake in Consolidated Edison during the 4th quarter valued at approximately $27,000. Finally, Dorato Capital Management acquired a new stake in Consolidated Edison during the 4th quarter valued at approximately $28,000. 66.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. TD Cowen upped their target price on Consolidated Edison from $105.00 to $112.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th. Evercore set a $116.00 price target on shares of Consolidated Edison in a research report on Monday, May 11th. Citigroup reaffirmed a “buy” rating on shares of Consolidated Edison in a report on Monday, February 23rd. Bank of America reiterated an “underperform” rating and set a $104.00 price objective on shares of Consolidated Edison in a research note on Wednesday, February 25th. Finally, KeyCorp upped their target price 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. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, Consolidated Edison has an average rating of “Reduce” and an average price target of $107.79.

Consolidated Edison Stock Performance

ED stock opened at $106.36 on Friday. The stock’s 50 day simple moving average is $107.84 and its 200 day simple moving average is $106.68. Consolidated Edison Inc has a 12-month low of $94.96 and a 12-month high of $116.23. The firm has a market cap of $39.20 billion, a P/E ratio of 17.91, a P/E/G ratio of 2.70 and a beta of 0.27. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00.

Consolidated Edison (NYSE:ED) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.10). The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.22 billion. Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.During the same period in the prior year, the firm earned $2.26 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities research analysts predict that Consolidated Edison Inc will post 6.09 EPS for the current year.

Consolidated Edison Dividend Announcement

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

About Consolidated Edison

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.