World Investment Advisors Buys 18,764 Shares of Consolidated Edison Inc $ED

World Investment Advisors lifted its stake in shares of Consolidated Edison Inc (NYSE:ED) by 143.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 31,871 shares of the utilities provider’s stock after acquiring an additional 18,764 shares during the quarter. World Investment Advisors’ holdings in Consolidated Edison were worth $3,165,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Revolve Wealth Partners LLC raised its position in Consolidated Edison by 13.4% in the 4th 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 during the period. Empowered Funds LLC raised its position in Consolidated Edison by 42.1% in the 1st quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider’s stock worth $993,000 after purchasing an additional 2,659 shares during the period. Woodline Partners LP raised its position in Consolidated Edison by 40.7% in the 1st quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider’s stock worth $3,237,000 after purchasing an additional 8,468 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Consolidated Edison in the 2nd quarter worth $3,256,000. Finally, Baird Financial Group Inc. raised its position in Consolidated Edison by 2.1% in the 2nd quarter. Baird Financial Group Inc. now owns 14,679 shares of the utilities provider’s stock worth $1,473,000 after purchasing an additional 296 shares during the period. 66.29% of the stock is owned by institutional investors.

Insider Activity

In other Consolidated Edison 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 transaction, the senior vice president owned 32,453 shares in the company, valued at approximately $3,697,694.82. The trade was a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.

Consolidated Edison Price Performance

ED stock opened at $107.06 on Friday. The firm’s 50-day moving average price is $111.02 and its two-hundred day moving average price is $105.42. 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 $39.45 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 2.70 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th will be given a $0.8875 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.3%. Consolidated Edison’s payout ratio is presently 59.76%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ED. Scotiabank lifted their target price on shares of Consolidated Edison from $113.00 to $117.00 and gave the stock a “sector perform” rating in a research report on Friday, February 20th. Wells Fargo & Company set a $98.00 target price on shares of Consolidated Edison in a research report on Tuesday, April 21st. 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. Citigroup reiterated a “buy” rating on shares of Consolidated Edison in a research report on Monday, February 23rd. Finally, TD Cowen lifted their target price 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. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $109.14.

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.