B. Metzler seel. Sohn & Co. AG Makes New $3.58 Million Investment in Consolidated Edison Inc $ED

Key Points

• B. Metzler seel. Sohn & Co. AG purchased 32,389 Consolidated Edison shares worth approximately $3.58 million during the second quarter. Institutional investors and hedge funds collectively own 66.29% of the company.
• Analyst sentiment remains cautious: Consolidated Edison has a consensus rating of “Reduce”, with three Buy, six Hold and six Sell ratings and an average price target of $108.93.
• Con Edison exceeded quarterly earnings expectations, reporting $0.83 in EPS versus the $0.76 consensus and $4.07 billion in revenue. The company declared a quarterly dividend of $0.8875, or $3.55 annualized, representing a 3.3% yield.

B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Consolidated Edison Inc (NYSE:ED - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,389 shares of the utilities provider's stock, valued at approximately $3,583,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ED. Revolve Wealth Partners LLC grew its position in shares of Consolidated Edison by 13.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider's stock worth $332,000 after buying an additional 441 shares in the last quarter. Empowered Funds LLC raised its holdings in Consolidated Edison by 42.1% in the first quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider's stock valued at $993,000 after acquiring an additional 2,659 shares in the last quarter. Woodline Partners LP boosted its stake in Consolidated Edison by 40.7% during the 1st quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider's stock valued at $3,237,000 after acquiring an additional 8,468 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Consolidated Edison during the 2nd quarter valued at $3,256,000. Finally, Baird Financial Group Inc. grew its holdings in Consolidated Edison by 2.1% during the 2nd quarter. Baird Financial Group Inc. now owns 14,679 shares of the utilities provider's stock worth $1,473,000 after acquiring an additional 296 shares in the last quarter. Institutional investors and hedge funds own 66.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ED. Morgan Stanley dropped their target price on shares of Consolidated Edison from $105.00 to $101.00 and set an "underweight" rating for the company in a research report on Friday. Evercore reissued a "positive" rating and issued a $112.00 price objective on shares of Consolidated Edison in a report on Monday. Mizuho set a $114.00 price objective on Consolidated Edison in a research note on Monday, July 27th. Argus set a $112.00 target price on Consolidated Edison in a report on Tuesday, June 23rd. Finally, KeyCorp lowered their target price on shares of Consolidated Edison from $97.00 to $94.00 and set an "underweight" rating for the company in a research note on Thursday, July 23rd. Three equities research 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. Based on data from MarketBeat.com, Consolidated Edison presently has a consensus rating of "Reduce" and an average target price of $108.93.

Consolidated Edison Stock Down 1.7%

NYSE:ED opened at $106.52 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $39.39 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 2.81 and a beta of 0.27. The business's fifty day moving average price is $109.96 and its 200 day moving average price is $109.88. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $116.23.

Consolidated Edison (NYSE:ED - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, beating 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 firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the previous year, the firm posted $0.67 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 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

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

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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