Foundations Investment Advisors LLC Buys 7,594 Shares of Consolidated Edison Inc $ED

Foundations Investment Advisors LLC grew its stake in shares of Consolidated Edison Inc (NYSE:ED) by 114.9% during the fourth quarter, HoldingsChannel reports. The firm owned 14,206 shares of the utilities provider’s stock after purchasing an additional 7,594 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Consolidated Edison were worth $1,411,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. JPL Wealth Management LLC bought a new stake in shares of Consolidated Edison during the 3rd quarter valued at about $26,000. Aventura Private Wealth LLC bought a new stake in shares of Consolidated Edison during the 4th quarter valued at about $27,000. Westfuller Advisors LLC bought a new stake in Consolidated Edison during the fourth quarter worth about $27,000. Dorato Capital Management bought a new stake in Consolidated Edison during the fourth quarter worth about $28,000. Finally, WealthCollab LLC boosted its stake in Consolidated Edison by 68.4% during the fourth quarter. WealthCollab LLC now owns 315 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 128 shares in the last quarter. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Stock Down 0.4%

Shares of Consolidated Edison stock opened at $105.88 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19. The stock has a market capitalization of $39.02 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 2.68 and a beta of 0.29. Consolidated Edison Inc has a 52-week low of $94.96 and a 52-week high of $116.23. The company has a 50-day simple moving average of $109.77 and a two-hundred day simple moving average of $106.10.

Consolidated Edison (NYSE:ED) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($0.10). Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the previous year, the firm earned $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts anticipate that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 13th will be issued a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, May 13th. Consolidated Edison’s payout ratio is presently 59.76%.

Insider Buying and Selling at Consolidated Edison

In other news, SVP Deneen L. Donnley sold 1,922 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 32,453 shares of the company’s stock, valued at $3,697,694.82. The trade was a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. The Goldman Sachs Group reissued a “sell” rating and set a $105.00 price objective on shares of Consolidated Edison in a research note on Thursday, May 14th. TD Cowen boosted their price objective on shares of Consolidated Edison from $105.00 to $112.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. Morgan Stanley set a $99.00 price objective on shares of Consolidated Edison in a research note on Thursday, May 21st. Citigroup reissued a “buy” rating on shares of Consolidated Edison in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Consolidated Edison from $107.00 to $113.00 and gave the stock an “underweight” rating in a research note on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Consolidated Edison currently has a consensus rating of “Reduce” and an average target price of $108.71.

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.