6,405 Shares in Consolidated Edison Inc $ED Acquired by SageGuard Financial Group LLC

SageGuard Financial Group LLC bought a new position in Consolidated Edison Inc (NYSE:ED) during the fourth quarter, Holdings Channel.com reports. The fund bought 6,405 shares of the utilities provider’s stock, valued at approximately $636,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Evergreen Capital Management LLC raised its holdings in shares of Consolidated Edison by 283.8% in the 4th quarter. Evergreen Capital Management LLC now owns 11,788 shares of the utilities provider’s stock worth $1,171,000 after purchasing an additional 8,717 shares in the last quarter. Busey Bank raised its holdings in shares of Consolidated Edison by 0.6% in the 4th quarter. Busey Bank now owns 154,664 shares of the utilities provider’s stock worth $15,361,000 after purchasing an additional 913 shares in the last quarter. Earned Wealth Advisors LLC raised its holdings in shares of Consolidated Edison by 5.0% in the 4th quarter. Earned Wealth Advisors LLC now owns 2,384 shares of the utilities provider’s stock worth $237,000 after purchasing an additional 113 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Consolidated Edison by 11.5% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 11,241 shares of the utilities provider’s stock worth $1,116,000 after purchasing an additional 1,159 shares in the last quarter. Finally, Plimoth Trust Co. LLC raised its holdings in shares of Consolidated Edison by 1.0% in the 4th quarter. Plimoth Trust Co. LLC now owns 11,896 shares of the utilities provider’s stock worth $1,182,000 after purchasing an additional 120 shares in the last quarter. 66.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on ED shares. Morgan Stanley reiterated an “underweight” rating and issued a $102.00 target price on shares of Consolidated Edison in a report on Friday, February 20th. Bank of America reiterated an “underperform” rating and issued a $104.00 target price on shares of Consolidated Edison in a report on Wednesday, February 25th. KeyCorp boosted their target price on shares of Consolidated Edison from $86.00 to $96.00 and gave the stock an “underweight” rating in a report on Wednesday, March 4th. Scotiabank boosted their target price on shares of Consolidated Edison from $113.00 to $117.00 and gave the stock a “sector perform” rating in a report on Friday, February 20th. Finally, Barclays boosted their target price on shares of Consolidated Edison from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $108.00.

Insider Activity

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of Consolidated Edison stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total transaction of $218,992.68. Following the completion of the sale, the senior vice president owned 32,453 shares of the company’s stock, valued at $3,697,694.82. This trade represents a 5.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.17% of the stock is owned by company insiders.

Consolidated Edison Stock Down 0.5%

ED stock opened at $109.65 on Tuesday. Consolidated Edison Inc has a 52-week low of $94.96 and a 52-week high of $116.23. The company’s 50 day simple moving average is $112.15 and its 200-day simple moving average is $104.62. 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 has a market capitalization of $40.40 billion, a P/E ratio of 19.41, a P/E/G ratio of 2.80 and a beta of 0.34.

Consolidated Edison (NYSE:ED) last released its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The business had revenue of $4 billion for 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 firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities research analysts anticipate that Consolidated Edison Inc will post 6.07 EPS for the current year.

Consolidated Edison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th will be paid a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.2%. 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.