Fulcrum Asset Management LLP Acquires 5,783 Shares of Consolidated Edison Inc $ED

Fulcrum Asset Management LLP grew its stake in shares of Consolidated Edison Inc (NYSE:ED) by 16.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 40,754 shares of the utilities provider’s stock after acquiring an additional 5,783 shares during the period. Fulcrum Asset Management LLP’s holdings in Consolidated Edison were worth $4,071,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Meadowbrook Wealth Management LLC increased its holdings in shares of Consolidated Edison by 2.2% during the fourth quarter. Meadowbrook Wealth Management LLC now owns 4,687 shares of the utilities provider’s stock valued at $466,000 after acquiring an additional 100 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of Consolidated Edison by 0.8% during the third quarter. Stephens Inc. AR now owns 13,791 shares of the utilities provider’s stock valued at $1,386,000 after acquiring an additional 105 shares in the last quarter. Bridgewater Advisors Inc. increased its holdings in shares of Consolidated Edison by 1.6% during the fourth quarter. Bridgewater Advisors Inc. now owns 6,635 shares of the utilities provider’s stock valued at $689,000 after acquiring an additional 105 shares in the last quarter. HighPoint Advisor Group LLC increased its holdings in shares of Consolidated Edison by 0.7% during the third quarter. HighPoint Advisor Group LLC now owns 14,811 shares of the utilities provider’s stock valued at $1,489,000 after acquiring an additional 110 shares in the last quarter. Finally, JFS Wealth Advisors LLC increased its holdings in shares of Consolidated Edison by 36.4% during the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 110 shares in the last quarter. 66.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ED. The Goldman Sachs Group restated a “sell” rating and set a $105.00 price target on shares of Consolidated Edison in a report on Thursday. Evercore set a $116.00 price target on Consolidated Edison in a report on Monday. Weiss Ratings upgraded Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Wells Fargo & Company set a $98.00 price target on Consolidated Edison in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $118.00 price objective on shares of Consolidated Edison in a report on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, Consolidated Edison has a consensus rating of “Reduce” and an average target price of $109.14.

Consolidated Edison Price Performance

NYSE ED opened at $107.06 on Friday. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $116.23. The stock has a 50-day moving average of $111.02 and a 200 day moving average of $105.42. The company 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 debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19.

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

Consolidated Edison Announces Dividend

The company also recently announced 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. This represents a $3.55 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, May 13th. Consolidated Edison’s dividend payout ratio (DPR) is presently 59.76%.

Insider Transactions at Consolidated Edison

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,697,694.82. This trade represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.

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.