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

IFP Advisors Inc increased its holdings in shares of Consolidated Edison Inc (NYSE:ED) by 194.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,208 shares of the utilities provider’s stock after acquiring an additional 10,044 shares during the period. IFP Advisors Inc’s holdings in Consolidated Edison were worth $1,559,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Revolve Wealth Partners LLC raised its position in Consolidated Edison by 13.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider’s stock worth $332,000 after purchasing an additional 441 shares in the last quarter. Empowered Funds LLC boosted its holdings in Consolidated Edison by 42.1% during the first 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 in the last quarter. Woodline Partners LP grew its stake in shares of 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 period. Cetera Investment Advisers grew its stake in shares of Consolidated Edison by 3.7% in the 2nd quarter. Cetera Investment Advisers now owns 97,050 shares of the utilities provider’s stock valued at $9,739,000 after purchasing an additional 3,494 shares during the period. Finally, Ensign Peak Advisors Inc raised its holdings in shares of Consolidated Edison by 53.3% in the 2nd quarter. Ensign Peak Advisors Inc now owns 168,818 shares of the utilities provider’s stock worth $16,941,000 after buying an additional 58,724 shares in the last quarter. Institutional investors own 66.29% of the company’s stock.

Insider Transactions at Consolidated Edison

In other news, SVP Deneen L. Donnley sold 1,922 shares of the firm’s stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on ED. Bank of America restated an “underperform” rating and set a $104.00 target price on shares of Consolidated Edison in a research report on Wednesday, February 25th. UBS Group increased their price objective on Consolidated Edison from $108.00 to $112.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Mizuho set a $118.00 price objective on Consolidated Edison in a report on Monday, February 23rd. Citigroup restated a “buy” rating on shares of Consolidated Edison in a research note on Monday, February 23rd. Finally, TD Cowen upped their target price 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. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Consolidated Edison currently has a consensus rating of “Reduce” and an average target price of $108.80.

Consolidated Edison Stock Down 2.0%

Shares of ED opened at $109.42 on Friday. The firm has a market capitalization of $39.53 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 2.79 and a beta of 0.38. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 1.02. The business’s fifty day moving average price is $108.94 and its two-hundred day moving average price is $102.42. Consolidated Edison Inc has a 52 week low of $94.96 and a 52 week high of $116.23.

Consolidated Edison (NYSE:ED) last released 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 during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts predict that Consolidated Edison Inc will post 5.62 earnings per share for the current year.

Consolidated Edison Increases Dividend

The company 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 of this dividend was Wednesday, February 18th. This represents a $3.55 annualized dividend and a yield of 3.2%. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. Consolidated Edison’s dividend payout ratio (DPR) is presently 62.83%.

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.