Caisse de depot et placement du Quebec Makes New $77.09 Million Investment in Consolidated Edison Inc $ED

Key Points

• Caisse de dépôt et placement du Québec acquired 696,829 shares of Consolidated Edison worth approximately $77.1 million, giving it a 0.19% stake. Institutional investors and hedge funds collectively own 66.29% of the company.
• Con Edison reported quarterly earnings of $0.83 per share, exceeding estimates of $0.76, while revenue reached $4.07 billion versus the $3.60 billion consensus forecast. The company maintained full-year 2026 EPS guidance of $6.00 to $6.20.
• The utility declared a quarterly dividend of $0.8875 per share, equivalent to an annualized $3.55 dividend and a 3.3% yield. Analyst sentiment remains cautious, with an average “Reduce” rating and a $108.93 price target.

Caisse de depot et placement du Quebec bought a new position in Consolidated Edison Inc (NYSE:ED - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 696,829 shares of the utilities provider's stock, valued at approximately $77,090,000. Caisse de depot et placement du Quebec owned about 0.19% of Consolidated Edison at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Basepoint Wealth LLC bought a new stake in shares of Consolidated Edison during the 4th quarter valued at approximately $26,000. JPL Wealth Management LLC bought a new position in Consolidated Edison in the 3rd quarter valued at approximately $26,000. Sachetta LLC lifted its stake in Consolidated Edison by 72.9% in the 1st quarter. Sachetta LLC now owns 242 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 102 shares during the last quarter. Aberdeen Wealth Management LLC acquired a new stake in Consolidated Edison in the second quarter valued at approximately $27,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in Consolidated Edison in the second quarter valued at approximately $30,000. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Edison Trading Down 1.3%

NYSE:ED opened at $106.63 on Friday. Consolidated Edison Inc has a 52 week low of $94.96 and a 52 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 firm's fifty day moving average is $109.97 and its 200-day moving average is $109.90. The firm has a market cap of $39.43 billion, a P/E ratio of 17.51, a P/E/G ratio of 2.74 and a beta of 0.27.

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

Consolidated Edison Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ED. Barclays lowered their price target on shares of Consolidated Edison from $112.00 to $106.00 and set an "underweight" rating for the company in a report on Friday, August 7th. Wells Fargo & Company raised their price objective on Consolidated Edison from $106.00 to $108.00 and gave the company an "equal weight" rating in a report on Friday, August 7th. The Goldman Sachs Group restated a "sell" rating and set a $105.00 price objective on shares of Consolidated Edison in a research report on Thursday, May 14th. KeyCorp lowered their target price on Consolidated Edison from $97.00 to $94.00 and set an "underweight" rating for the company in a report on Thursday, July 23rd. Finally, Argus set a $112.00 price target on Consolidated Edison in a research note on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $108.93.

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.

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