213,016 Shares in Consolidated Edison Inc $ED Purchased by Nykredit A S

Key Points

• Nykredit A S purchased 213,016 shares of Consolidated Edison during the second quarter, worth approximately $23.6 million. Institutional investors collectively own 66.29% of the utility company.
• Consolidated Edison exceeded quarterly expectations, reporting $0.83 in EPS on $4.07 billion in revenue, compared with estimates of $0.76 EPS and $3.60 billion in revenue. Management maintained fiscal 2026 EPS guidance of $6.00–$6.20.
• The company paid a quarterly dividend of $0.8875 per share, equal to an annualized $3.55 dividend and a 3.4% yield. Analysts remain cautious, with an average “Reduce” rating and a $108.67 consensus price target.

Nykredit A S purchased a new stake in Consolidated Edison Inc (NYSE:ED - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 213,016 shares of the utilities provider's stock, valued at approximately $23,566,000. Nykredit A S owned approximately 0.06% of Consolidated Edison as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ED. BlackRock Inc. acquired a new stake in shares of Consolidated Edison in the second quarter valued at approximately $4,609,491,000. Lazard Asset Management LLC boosted its position in Consolidated Edison by 14.8% in the 1st quarter. Lazard Asset Management LLC now owns 7,075,838 shares of the utilities provider's stock valued at $800,843,000 after buying an additional 910,244 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Consolidated Edison in the 2nd quarter valued at $749,184,000. Norges Bank acquired a new stake in shares of Consolidated Edison in the 4th quarter valued at $489,806,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Consolidated Edison by 7.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,847,672 shares of the utilities provider's stock worth $536,298,000 after acquiring an additional 353,000 shares during the last quarter. 66.29% of the stock is owned by institutional investors.

Consolidated Edison Price Performance

Shares of ED opened at $105.40 on Friday. 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 stock has a 50 day simple moving average of $108.68 and a 200 day simple moving average of $109.44. Consolidated Edison Inc has a 52-week low of $94.96 and a 52-week high of $116.23. The firm has a market capitalization of $38.98 billion, a PE ratio of 17.31, a P/E/G ratio of 3.65 and a beta of 0.27.

Consolidated Edison (NYSE:ED - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $3.60 billion. During the same period in the previous year, the firm posted $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts predict that Consolidated Edison Inc will post 6.1 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Wednesday, August 19th were paid a dividend of $0.8875 per share. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Wednesday, August 19th. Consolidated Edison's dividend payout ratio (DPR) is currently 58.29%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Barclays dropped their price objective on Consolidated Edison from $112.00 to $106.00 and set an "underweight" rating for the company in a report on Friday, August 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Consolidated Edison in a research note on Tuesday, July 21st. KeyCorp lowered their price target on shares of Consolidated Edison from $97.00 to $94.00 and set an "underweight" rating for the company in a research report on Thursday, July 23rd. Wells Fargo & Company boosted their price target on shares of Consolidated Edison from $106.00 to $108.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Finally, Morgan Stanley cut their price objective on shares of Consolidated Edison from $101.00 to $97.00 and set an "underweight" rating on the stock in a report on Friday. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, Consolidated Edison currently has an average rating of "Reduce" and an average target price of $108.67.

Consolidated Edison Profile

Consolidated Edison, Inc is an energy delivery holding company headquartered in New York. Through its principal subsidiary, Consolidated Edison Company of New York, Inc, the company provides electric, natural gas and steam service to customers in New York City and Westchester County, New York.

Con Edison also operates Orange and Rockland Utilities, Inc, which supplies electric and natural gas service in parts of southeastern New York and northern New Jersey. Its utility operations include the generation, transmission and distribution of energy, as well as the maintenance of the infrastructure required to serve residential, commercial and industrial customers.

The company traces its roots to energy businesses that began operating in New York during the 19th century and adopted the Consolidated Edison name in the 1930s.

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