BXM Wealth LLC Takes Position in Consolidated Edison Inc $ED

BXM Wealth LLC acquired a new stake in shares of Consolidated Edison Inc (NYSE:ED) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,232 shares of the utilities provider’s stock, valued at approximately $1,016,000.

Several other institutional investors have also bought and sold shares of the stock. Certuity LLC increased its stake in Consolidated Edison by 2.7% during the 2nd quarter. Certuity LLC now owns 3,743 shares of the utilities provider’s stock valued at $376,000 after buying an additional 100 shares during the period. Meadowbrook Wealth Management LLC raised its position in shares of Consolidated Edison by 2.2% during the 4th quarter. Meadowbrook Wealth Management LLC now owns 4,687 shares of the utilities provider’s stock worth $466,000 after buying an additional 100 shares in the last quarter. Stephens Inc. AR lifted its stake in shares of Consolidated Edison by 0.8% in the 3rd quarter. Stephens Inc. AR now owns 13,791 shares of the utilities provider’s stock worth $1,386,000 after acquiring an additional 105 shares during the period. Bridgewater Advisors Inc. lifted its stake in shares of Consolidated Edison by 1.7% in the 3rd quarter. Bridgewater Advisors Inc. now owns 6,530 shares of the utilities provider’s stock worth $618,000 after acquiring an additional 107 shares during the period. Finally, HighPoint Advisor Group LLC boosted its holdings in shares of Consolidated Edison by 0.7% in the third quarter. HighPoint Advisor Group LLC now owns 14,811 shares of the utilities provider’s stock valued at $1,489,000 after acquiring an additional 110 shares in the last quarter. Institutional investors and hedge funds own 66.29% of the company’s stock.

Consolidated Edison Stock Performance

Shares of ED opened at $115.50 on Monday. 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 firm’s 50 day moving average is $110.88 and its 200-day moving average is $103.53. 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 $41.72 billion, a P/E ratio of 20.44, a P/E/G ratio of 2.94 and a beta of 0.34.

Consolidated Edison (NYSE:ED) last released its earnings results on Thursday, February 19th. The utilities provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.86 by $0.03. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.71 billion. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts anticipate that Consolidated Edison Inc will post 5.62 EPS 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 paid 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 dividend yield of 3.1%. This is a boost from Consolidated Edison’s previous quarterly dividend of $0.85. Consolidated Edison’s dividend payout ratio is 62.83%.

Insider Buying and Selling at Consolidated Edison

In related news, SVP Deneen L. Donnley sold 1,922 shares of Consolidated Edison stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $113.94, for a total value of $218,992.68. Following the transaction, the senior vice president directly owned 32,453 shares in the company, valued at $3,697,694.82. The trade was a 5.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ED. Scotiabank raised their price objective on shares of Consolidated Edison from $113.00 to $117.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. Wells Fargo & Company decreased their price target on Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Consolidated Edison in a research report on Friday, March 27th. KeyCorp boosted their price objective on Consolidated Edison from $86.00 to $96.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 4th. Finally, Barclays upped their price objective on Consolidated Edison from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Consolidated Edison presently has an average rating of “Reduce” and a consensus target price of $108.80.

Consolidated Edison Company 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.