Financial Planning Hawaii Inc. Invests $652,000 in Consolidated Edison Inc $ED

Financial Planning Hawaii Inc. acquired a new position in Consolidated Edison Inc (NYSE:ED) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,563 shares of the utilities provider’s stock, valued at approximately $652,000.

Other large investors also recently bought and sold shares of the company. LVW Advisors LLC boosted its stake in shares of Consolidated Edison by 15.7% in the fourth quarter. LVW Advisors LLC now owns 4,994 shares of the utilities provider’s stock worth $496,000 after acquiring an additional 677 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in Consolidated Edison by 163.2% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 11,258 shares of the utilities provider’s stock valued at $1,118,000 after purchasing an additional 6,981 shares during the last quarter. Capital Investment Advisors LLC raised its stake in Consolidated Edison by 3.3% in the 4th quarter. Capital Investment Advisors LLC now owns 24,457 shares of the utilities provider’s stock valued at $2,429,000 after purchasing an additional 780 shares during the last quarter. Dakota Wealth Management lifted its holdings in Consolidated Edison by 96.0% in the 4th quarter. Dakota Wealth Management now owns 45,036 shares of the utilities provider’s stock valued at $4,473,000 after purchasing an additional 22,058 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in Consolidated Edison by 75.1% in the 4th quarter. CoreCap Advisors LLC now owns 3,842 shares of the utilities provider’s stock valued at $382,000 after purchasing an additional 1,648 shares in the last quarter. 66.29% of the stock is currently 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 company’s stock in a transaction that occurred 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 approximately $3,697,694.82. This represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.17% of the company’s stock.

Consolidated Edison Trading Up 1.6%

Shares of ED opened at $113.41 on Tuesday. Consolidated Edison Inc has a 12-month low of $94.96 and a 12-month high of $116.23. The firm has a market capitalization of $40.97 billion, a P/E ratio of 20.07, a P/E/G ratio of 2.85 and a beta of 0.38. The firm has a 50-day moving average price of $110.04 and a 200 day moving average price of $103.02. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06.

Consolidated Edison (NYSE:ED) last issued its earnings results on Thursday, February 19th. The utilities provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.03. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.71 billion. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. Consolidated Edison’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts forecast that Consolidated Edison Inc will post 5.62 EPS for the current year.

Consolidated Edison Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Wednesday, February 18th were given a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, February 18th. This is a boost from Consolidated Edison’s previous quarterly dividend of $0.85. Consolidated Edison’s dividend payout ratio is presently 62.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Morgan Stanley reiterated an “underweight” rating and issued a $102.00 price objective on shares of Consolidated Edison in a report on Friday, February 20th. Bank of America reissued an “underperform” rating and issued a $104.00 target price on shares of Consolidated Edison in a research note on Wednesday, February 25th. Citigroup restated a “buy” rating on shares of Consolidated Edison in a report on Monday, February 23rd. Finally, Scotiabank upped their price target on Consolidated Edison from $113.00 to $117.00 and gave the company a “sector perform” rating in a research report on Friday, February 20th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Consolidated Edison currently has a consensus rating of “Reduce” and an average target price of $108.80.

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.