Dakota Wealth Management Grows Stock Holdings in Consolidated Edison Inc $ED

Dakota Wealth Management boosted its stake in shares of Consolidated Edison Inc (NYSE:ED) by 96.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,036 shares of the utilities provider’s stock after buying an additional 22,058 shares during the quarter. Dakota Wealth Management’s holdings in Consolidated Edison were worth $4,473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. JPL Wealth Management LLC acquired a new stake in shares of Consolidated Edison during the 3rd quarter valued at approximately $26,000. Aventura Private Wealth LLC acquired a new stake in shares of Consolidated Edison in the 4th quarter worth approximately $27,000. Salomon & Ludwin LLC grew its holdings in shares of Consolidated Edison by 270.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 219 shares during the period. Turning Point Benefit Group Inc. purchased a new position in Consolidated Edison in the 3rd quarter valued at approximately $32,000. Finally, Palisade Asset Management LLC purchased a new position in Consolidated Edison in the 3rd quarter valued at approximately $37,000. 66.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Deneen L. Donnley sold 1,922 shares of the business’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 completion of the transaction, 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 can be accessed through this hyperlink. Corporate insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

ED has been the topic of a number of research analyst reports. Barclays boosted their target price on Consolidated Edison from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 24th. Bank of America restated an “underperform” rating and issued a $104.00 price target on shares of Consolidated Edison in a research report on Wednesday, February 25th. JPMorgan Chase & Co. lifted their price target on Consolidated Edison from $107.00 to $113.00 and gave the stock an “underweight” rating in a research note on Thursday, March 12th. TD Cowen boosted their price objective on shares of Consolidated Edison from $105.00 to $112.00 and gave the stock a “hold” rating in a research report on Tuesday, February 24th. Finally, Mizuho set a $118.00 price objective on shares of Consolidated Edison in a research note on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $108.80.

Consolidated Edison Price Performance

ED stock opened at $111.68 on Friday. The stock’s 50 day moving average price is $109.84 and its 200 day moving average price is $102.83. The firm has a market cap of $40.34 billion, a P/E ratio of 19.77, a PEG ratio of 2.84 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. Consolidated Edison Inc has a 1 year low of $94.96 and a 1 year high of $116.23.

Consolidated Edison (NYSE:ED) last released its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share for the quarter, topping the consensus estimate 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 last year, the business posted $0.98 earnings per share. Consolidated Edison’s revenue was up 8.9% compared to the same quarter last year. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, 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. Investors of record on Wednesday, February 18th were given a dividend of $0.8875 per share. The ex-dividend date was Wednesday, February 18th. This represents a $3.55 dividend on an annualized basis and a yield of 3.2%. This is a boost from Consolidated Edison’s previous quarterly dividend of $0.85. Consolidated Edison’s dividend payout ratio (DPR) is 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.