SageGuard Financial Group LLC Takes Position in Consolidated Edison Inc $ED

SageGuard Financial Group LLC purchased a new stake in Consolidated Edison Inc (NYSE:ED) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 6,405 shares of the utilities provider’s stock, valued at approximately $636,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Meadowbrook Wealth Management LLC boosted its holdings in shares of Consolidated Edison by 2.2% in the 4th quarter. Meadowbrook Wealth Management LLC now owns 4,687 shares of the utilities provider’s stock valued at $466,000 after buying an additional 100 shares during the period. Stephens Inc. AR boosted its holdings 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 valued at $1,386,000 after buying an additional 105 shares during the period. Bridgewater Advisors Inc. boosted its holdings in shares of Consolidated Edison by 1.6% in the 4th quarter. Bridgewater Advisors Inc. now owns 6,635 shares of the utilities provider’s stock valued at $689,000 after buying an additional 105 shares during the period. HighPoint Advisor Group LLC boosted its holdings in shares of Consolidated Edison by 0.7% in the 3rd quarter. HighPoint Advisor Group LLC now owns 14,811 shares of the utilities provider’s stock valued at $1,489,000 after buying an additional 110 shares during the period. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of Consolidated Edison by 36.4% in the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $41,000 after buying an additional 110 shares during the period. 66.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Consolidated Edison

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 transaction of $218,992.68. Following the sale, the senior vice president directly owned 32,453 shares in the company, valued at approximately $3,697,694.82. The trade was a 5.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ED. Bank of America reaffirmed an “underperform” rating and issued a $104.00 price target on shares of Consolidated Edison in a report on Wednesday, February 25th. Barclays boosted their target price on shares of Consolidated Edison from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Tuesday, February 24th. Wells Fargo & Company reduced their target price on shares of 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. UBS Group boosted their target price on shares of Consolidated Edison from $108.00 to $112.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Finally, KeyCorp boosted their target price on shares of Consolidated Edison from $86.00 to $96.00 and gave the company an “underweight” rating in a research note on Wednesday, March 4th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $108.00.

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 has a market capitalization of $40.40 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 2.80 and a beta of 0.34. The firm’s 50-day moving average is $112.15 and its two-hundred day moving average is $104.62. 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 released its quarterly 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. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same period in the previous year, the firm earned $0.98 EPS. Consolidated Edison’s revenue was up 8.9% on a year-over-year basis. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts forecast that Consolidated Edison Inc will post 6.07 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th will be given a dividend of $0.8875 per share. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Wednesday, May 13th. Consolidated Edison’s payout ratio is 62.83%.

Consolidated Edison 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.