IFP Advisors Inc Has $1.56 Million Stock Holdings in Consolidated Edison Inc $ED

IFP Advisors Inc raised its holdings in shares of Consolidated Edison Inc (NYSE:ED) by 194.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 15,208 shares of the utilities provider’s stock after purchasing an additional 10,044 shares during the quarter. IFP Advisors Inc’s holdings in Consolidated Edison were worth $1,559,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ED. Certuity LLC grew its stake in shares of Consolidated Edison by 2.7% during the second quarter. Certuity LLC now owns 3,743 shares of the utilities provider’s stock worth $376,000 after purchasing an additional 100 shares during the period. Stephens Inc. AR lifted its stake in Consolidated Edison by 0.8% in the third quarter. Stephens Inc. AR now owns 13,791 shares of the utilities provider’s stock valued at $1,386,000 after buying an additional 105 shares during the period. Bridgewater Advisors Inc. lifted its stake in Consolidated Edison by 1.7% in the third quarter. Bridgewater Advisors Inc. now owns 6,530 shares of the utilities provider’s stock valued at $618,000 after buying an additional 107 shares during the period. HighPoint Advisor Group LLC boosted its holdings in Consolidated Edison by 0.7% during the third quarter. HighPoint Advisor Group LLC now owns 14,811 shares of the utilities provider’s stock worth $1,489,000 after buying an additional 110 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its position in shares of Consolidated Edison by 36.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock worth $41,000 after buying an additional 110 shares during the period. Institutional investors and hedge funds own 66.29% of the company’s stock.

Insider Activity at Consolidated Edison

In related 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 transaction of $218,992.68. Following the sale, the senior vice president directly owned 32,453 shares in the company, valued at $3,697,694.82. This trade represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Consolidated Edison in a research note on Monday, December 29th. Citigroup restated a “buy” rating on shares of Consolidated Edison in a report on Monday, February 23rd. TD Cowen upped their target price 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. Bank of America reiterated an “underperform” rating and issued a $104.00 target price on shares of Consolidated Edison in a report on Wednesday, February 25th. Finally, UBS Group lifted their price target 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. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $108.80.

Consolidated Edison Trading Down 2.0%

NYSE:ED opened at $109.42 on Friday. 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 50-day simple moving average is $108.94 and its 200-day simple moving average is $102.42. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $116.23. The stock has a market capitalization of $39.53 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 2.79 and a beta of 0.38.

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

Consolidated Edison Increases Dividend

The business also recently disclosed 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. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.85. This represents a $3.55 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, February 18th. Consolidated Edison’s payout ratio is currently 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.