Wealthcare Advisory Partners LLC Has $1.12 Million Stake in Consolidated Edison Inc $ED

Wealthcare Advisory Partners LLC raised its position in shares of Consolidated Edison Inc (NYSE:ED) by 163.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,258 shares of the utilities provider’s stock after acquiring 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.

Other hedge funds have also recently made changes to their positions in the company. Capital Investment Advisors LLC boosted its position in shares of Consolidated Edison by 3.3% during the 4th quarter. Capital Investment Advisors LLC now owns 24,457 shares of the utilities provider’s stock valued at $2,429,000 after purchasing an additional 780 shares in the last quarter. Dakota Wealth Management increased its holdings in Consolidated Edison by 96.0% in the fourth quarter. Dakota Wealth Management now owns 45,036 shares of the utilities provider’s stock worth $4,473,000 after purchasing an additional 22,058 shares in the last quarter. CoreCap Advisors LLC lifted its stake in Consolidated Edison by 75.1% in the fourth quarter. CoreCap Advisors LLC now owns 3,842 shares of the utilities provider’s stock valued at $382,000 after buying an additional 1,648 shares during the period. Norden Group LLC acquired a new position in Consolidated Edison in the fourth quarter valued at approximately $617,000. Finally, Mayflower Financial Advisors LLC boosted its holdings in shares of Consolidated Edison by 3.1% during the 4th quarter. Mayflower Financial Advisors LLC now owns 3,870 shares of the utilities provider’s stock worth $384,000 after buying an additional 117 shares in the last quarter. 66.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Consolidated Edison

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total value of $218,992.68. Following the transaction, the senior vice president directly owned 32,453 shares of the company’s stock, valued at approximately $3,697,694.82. This trade represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on ED shares. Scotiabank raised their price objective on shares of Consolidated Edison from $113.00 to $117.00 and gave the stock a “sector perform” rating in a research report on Friday, February 20th. Wells Fargo & Company dropped their target price on shares of Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Consolidated Edison in a research note on Friday. Bank of America restated an “underperform” rating and issued a $104.00 price target on shares of Consolidated Edison in a report on Wednesday, February 25th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $118.00 price target on shares of Consolidated Edison in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $108.80.

Consolidated Edison Trading Up 1.6%

Shares of Consolidated Edison stock opened at $113.41 on Tuesday. The stock has a market capitalization of $40.97 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.85 and a beta of 0.38. Consolidated Edison Inc has a 52 week low of $94.96 and a 52 week high of $116.23. The stock has a 50 day moving average price of $110.04 and a two-hundred day moving average price of $103.02. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 1.02.

Consolidated Edison (NYSE:ED) last issued its earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. Consolidated Edison had a return on equity of 8.50% and a net margin of 11.95%.The company had revenue of $4 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. Consolidated Edison’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. As a group, equities analysts anticipate that Consolidated Edison Inc will post 5.62 earnings per share for the current fiscal year.

Consolidated Edison Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Wednesday, February 18th were issued a dividend of $0.8875 per share. The ex-dividend date was Wednesday, February 18th. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.85. This represents a $3.55 annualized dividend and a yield of 3.1%. Consolidated Edison’s dividend 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.