Foundations Investment Advisors LLC Raises Position in Consolidated Edison Inc $ED

Foundations Investment Advisors LLC increased its holdings in Consolidated Edison Inc (NYSE:ED) by 114.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,206 shares of the utilities provider’s stock after purchasing an additional 7,594 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Consolidated Edison were worth $1,411,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in Consolidated Edison by 13.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,819 shares of the utilities provider’s stock worth $7,320,000 after purchasing an additional 8,562 shares during the period. Nuance Investments LLC purchased a new position in Consolidated Edison in the 3rd quarter worth $4,017,000. Bryce Point Capital LLC purchased a new position in Consolidated Edison in the 3rd quarter worth $556,000. Caprock Group LLC purchased a new position in Consolidated Edison in the 3rd quarter worth $2,586,000. Finally, IFP Advisors Inc raised its position in Consolidated Edison by 194.5% in the 3rd quarter. IFP Advisors Inc now owns 15,208 shares of the utilities provider’s stock worth $1,559,000 after purchasing an additional 10,044 shares during the period. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Analysts Set New Price Targets

ED has been the topic of a number of analyst reports. The Goldman Sachs Group reiterated a “sell” rating and issued a $105.00 target price on shares of Consolidated Edison in a research report on Thursday, May 14th. TD Cowen raised their price target on shares of Consolidated Edison from $105.00 to $112.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. boosted their price objective on shares of Consolidated Edison from $107.00 to $113.00 and gave the company an “underweight” rating in a research report on Thursday, March 12th. Barclays decreased their price objective on shares of Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating on the stock in a research report on Monday, May 11th. Finally, Citigroup restated a “buy” rating on shares of Consolidated Edison in a research report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $108.71.

Consolidated Edison Price Performance

ED stock opened at $105.88 on Friday. The firm’s 50-day moving average price is $109.77 and its two-hundred day moving average price is $106.10. Consolidated Edison Inc has a 12-month low of $94.96 and a 12-month high of $116.23. The stock has a market capitalization of $39.02 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 2.68 and a beta of 0.29. 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.10). Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the previous year, the firm posted $2.26 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts predict that Consolidated Edison Inc will post 6.09 earnings per share for the current year.

Consolidated Edison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 13th will be paid a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.4%. Consolidated Edison’s payout ratio is presently 59.76%.

Insider Buying and Selling at Consolidated Edison

In other news, SVP Deneen L. Donnley sold 1,922 shares of Consolidated Edison stock in a transaction dated 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 owned 32,453 shares of the company’s stock, valued at approximately $3,697,694.82. The trade was a 5.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.

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.