20,495 Shares in Consolidated Edison Inc $ED Acquired by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management acquired 20,495 shares of Consolidated Edison in the second quarter, valued at approximately $2.27 million. Institutional investors collectively own 66.29% of the company.
• Con Edison reported quarterly EPS of $0.83, beating analysts’ $0.76 estimate, while revenue reached $4.07 billion versus the $3.60 billion consensus. The company reaffirmed fiscal 2026 EPS guidance of $6.00–$6.20.
• The company declared a quarterly dividend of $0.8875 per share, or $3.55 annualized, representing a 3.3% yield. Analysts maintain a consensus “Reduce” rating with an average price target of $108.93.

Northwestern Mutual Wealth Management Co. purchased a new position in shares of Consolidated Edison Inc (NYSE:ED - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 20,495 shares of the utilities provider's stock, valued at approximately $2,267,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GW&K Investment Management LLC boosted its holdings in Consolidated Edison by 28.5% in the 4th quarter. GW&K Investment Management LLC now owns 419 shares of the utilities provider's stock worth $42,000 after buying an additional 93 shares during the period. bLong Financial LLC lifted its position in shares of Consolidated Edison by 1.3% in the fourth quarter. bLong Financial LLC now owns 7,775 shares of the utilities provider's stock valued at $772,000 after acquiring an additional 100 shares in the last quarter. Sachetta LLC boosted its stake in shares of Consolidated Edison by 72.9% in the first quarter. Sachetta LLC now owns 242 shares of the utilities provider's stock worth $27,000 after acquiring an additional 102 shares during the period. Frank Rimerman Advisors LLC grew its position in shares of Consolidated Edison by 1.3% during the first quarter. Frank Rimerman Advisors LLC now owns 8,275 shares of the utilities provider's stock worth $937,000 after purchasing an additional 105 shares in the last quarter. Finally, Venture Visionary Partners LLC grew its position in shares of Consolidated Edison by 2.0% during the fourth quarter. Venture Visionary Partners LLC now owns 5,606 shares of the utilities provider's stock worth $557,000 after purchasing an additional 108 shares in the last quarter. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Edison Trading Up 1.3%

Shares of NYSE ED opened at $107.73 on Tuesday. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $116.23. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27. The company has a market cap of $39.84 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.76 and a beta of 0.27. The business's 50 day moving average price is $109.96 and its 200-day moving average price is $109.92.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. The business had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the prior year, the firm earned $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, sell-side analysts expect that Consolidated Edison Inc will post 6.09 earnings per share for the current year.

Consolidated Edison Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ED shares. The Goldman Sachs Group reaffirmed a "sell" rating and set a $105.00 price objective on shares of Consolidated Edison in a report on Thursday, May 14th. KeyCorp dropped their price objective on shares of Consolidated Edison from $97.00 to $94.00 and set an "underweight" rating for the company in a report on Thursday, July 23rd. Mizuho set a $114.00 price objective on Consolidated Edison in a research report on Monday, July 27th. Barclays decreased their target price on Consolidated Edison from $112.00 to $106.00 and set an "underweight" rating on the stock in a research report on Friday, August 7th. Finally, Wells Fargo & Company increased their price target on Consolidated Edison from $106.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and six have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $108.93.

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.

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