OneDigital Investment Advisors LLC Invests $1.77 Million in Consolidated Edison Inc $ED

OneDigital Investment Advisors LLC purchased a new position in Consolidated Edison Inc (NYSE:ED) in the second quarter, HoldingsChannel reports. The fund purchased 15,961 shares of the utilities provider’s stock, valued at approximately $1,766,000.

Several other institutional investors have also recently added to or reduced their stakes in ED. Basepoint Wealth LLC bought a new position in Consolidated Edison during the 4th quarter valued at $26,000. JPL Wealth Management LLC acquired a new position in Consolidated Edison during the 3rd quarter worth $26,000. Sachetta LLC increased its position in shares of Consolidated Edison by 72.9% in the 1st quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 102 shares during the last quarter. WealthCollab LLC increased its position in shares of Consolidated Edison by 68.4% in the 4th quarter. WealthCollab LLC now owns 315 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 128 shares during the last quarter. Finally, Godfrey Financial Associates Inc. acquired a new stake in shares of Consolidated Edison in the 4th quarter valued at about $32,000. 66.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on ED. Barclays decreased their price target on Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday, August 7th. Argus set a $112.00 price objective on Consolidated Edison in a research note on Tuesday, June 23rd. Evercore set a $116.00 target price on Consolidated Edison in a report on Monday, May 11th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $105.00 target price on shares of Consolidated Edison in a report on Thursday, May 14th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Consolidated Edison in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $109.07.

Consolidated Edison Price Performance

Shares of ED opened at $108.73 on Monday. The company has a market cap of $40.21 billion, a P/E ratio of 17.85, a PEG ratio of 2.83 and a beta of 0.27. The stock has a fifty day moving average price of $109.81 and a 200 day moving average price of $109.83. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17. Consolidated Edison Inc has a 12 month low of $94.96 and a 12 month high of $116.23.

Consolidated Edison (NYSE:ED) last posted its earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.60 billion. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%.During the same period last year, the business posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, research analysts forecast that Consolidated Edison Inc will post 6.09 earnings per share for the current year.

Consolidated Edison Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Wednesday, August 19th will be given a $0.8875 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $3.55 annualized dividend and a yield of 3.3%. Consolidated Edison’s dividend payout ratio is 58.29%.

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.