6,563 Shares in Consolidated Edison Inc $ED Purchased by Financial Planning Hawaii Inc.

Financial Planning Hawaii Inc. bought a new position in shares of Consolidated Edison Inc (NYSE:ED) in the 4th quarter, HoldingsChannel reports. The fund bought 6,563 shares of the utilities provider’s stock, valued at approximately $652,000.

A number of other institutional investors have also made changes to their positions in ED. Revolve Wealth Partners LLC lifted its holdings in shares of Consolidated Edison by 13.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider’s stock worth $332,000 after acquiring an additional 441 shares during the last quarter. Empowered Funds LLC increased its holdings in Consolidated Edison by 42.1% in the 1st quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider’s stock valued at $993,000 after purchasing an additional 2,659 shares during the last quarter. Woodline Partners LP increased its holdings in Consolidated Edison by 40.7% in the 1st quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider’s stock valued at $3,237,000 after purchasing an additional 8,468 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in Consolidated Edison in the second quarter valued at approximately $386,000. Finally, XTX Topco Ltd acquired a new position in Consolidated Edison during the second quarter worth $247,000. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Edison Stock Performance

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

Consolidated Edison (NYSE:ED) last posted its quarterly earnings data 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. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.71 billion. Consolidated Edison had a return on equity of 8.50% and a net margin of 11.95%.The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, research analysts predict that Consolidated Edison Inc will post 5.62 EPS for the current fiscal year.

Consolidated Edison Increases Dividend

The business also recently declared 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. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.85. The ex-dividend date was Wednesday, February 18th. This represents a $3.55 annualized dividend and a yield of 3.1%. Consolidated Edison’s dividend payout ratio (DPR) is currently 62.83%.

Insider Transactions at Consolidated Edison

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

Analyst Upgrades and Downgrades

ED has been the subject of several research analyst reports. Royal Bank Of Canada restated a “sector perform” rating and set a $118.00 price target on shares of Consolidated Edison in a research report on Friday, January 23rd. JPMorgan Chase & Co. boosted their price objective on Consolidated Edison from $107.00 to $113.00 and gave the company an “underweight” rating in a report on Thursday, March 12th. Scotiabank increased their target price on Consolidated Edison from $113.00 to $117.00 and gave the stock a “sector perform” rating in a research note on Friday, February 20th. Barclays raised their target price on Consolidated Edison from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Tuesday, February 24th. Finally, Mizuho set a $118.00 target price on Consolidated Edison in a research report on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Consolidated Edison has a consensus rating of “Reduce” and an average target price of $108.80.

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.