B. Metzler seel. Sohn & Co. AG Boosts Stock Position in Consolidated Edison Inc $ED

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in Consolidated Edison by 49.8%, purchasing 10,024 shares to hold 30,159 shares valued at about $2.998 million at quarter-end.
• Consolidated Edison beat Q4 estimates with $0.89 EPS vs. $0.86 expected and $4.0B revenue, and set FY 2026 guidance of 6.000–6.200 EPS (analyst consensus ~6.08).
• The company declared a quarterly dividend of $0.8875 (annualized $3.55, ~3.3% yield), while analysts maintain a consensus rating of "Reduce" with an average price target of $108.50.

B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Consolidated Edison Inc (NYSE:ED - Free Report) by 49.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,159 shares of the utilities provider's stock after purchasing an additional 10,024 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Consolidated Edison were worth $2,998,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Consolidated Edison by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 45,174,933 shares of the utilities provider's stock worth $4,540,984,000 after buying an additional 134,122 shares during the last quarter. State Street Corp grew its stake in Consolidated Edison by 0.3% during the 3rd quarter. State Street Corp now owns 24,050,572 shares of the utilities provider's stock worth $2,417,563,000 after buying an additional 63,346 shares during the last quarter. Lazard Asset Management LLC grew its stake in Consolidated Edison by 121,543.9% during the 3rd quarter. Lazard Asset Management LLC now owns 5,960,553 shares of the utilities provider's stock worth $599,155,000 after buying an additional 5,955,653 shares during the last quarter. Legal & General Group Plc grew its stake in Consolidated Edison by 1.2% during the 3rd quarter. Legal & General Group Plc now owns 4,351,530 shares of the utilities provider's stock worth $437,416,000 after buying an additional 52,061 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Consolidated Edison by 1.4% during the 3rd quarter. Northern Trust Corp now owns 4,128,793 shares of the utilities provider's stock worth $415,026,000 after buying an additional 57,365 shares during the last quarter. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Consolidated Edison

In other news, SVP Deneen L. Donnley sold 1,922 shares of the company's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $113.94, for a total transaction of $218,992.68. Following the completion of the sale, the senior vice president directly owned 32,453 shares of the company's stock, valued at $3,697,694.82. This represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ED has been the subject of a number of recent research reports. Barclays upped their price objective on Consolidated Edison from $100.00 to $110.00 and gave the stock an "underweight" rating in a research note on Tuesday, February 24th. Morgan Stanley reduced their price target on Consolidated Edison from $106.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday. Wells Fargo & Company set a $98.00 price target on Consolidated Edison in a research report on Tuesday. Bank of America reiterated an "underperform" rating and set a $104.00 price target on shares of Consolidated Edison in a research report on Wednesday, February 25th. Finally, UBS Group boosted their price target on Consolidated Edison from $108.00 to $112.00 and gave the stock a "neutral" rating in a research report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, Consolidated Edison presently has a consensus rating of "Reduce" and an average price target of $108.50.

Consolidated Edison Trading Down 1.1%

Shares of Consolidated Edison stock opened at $109.09 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 1.06. The firm has a market cap of $40.19 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 2.80 and a beta of 0.34. The business has a fifty day simple moving average of $112.00 and a 200-day simple moving average of $104.81. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $116.23.

Consolidated Edison (NYSE:ED - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.03. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.71 billion. Consolidated Edison had a return on equity of 8.50% and a net margin of 11.95%.The company's revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts forecast that Consolidated Edison Inc will post 6.08 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

The business also recently announced 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 3.3%. The ex-dividend date of this dividend is Wednesday, May 13th. Consolidated Edison's dividend payout ratio is currently 62.83%.

Consolidated Edison 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.

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