Consolidated Edison Inc $ED Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group reduced its stake in Consolidated Edison by 4.1%, selling 42,542 shares and now holds 986,144 shares (~0.27%) valued at about $97.94 million.
• Consolidated Edison beat quarterly estimates with EPS of $0.89 versus $0.86 and revenue of $4.0 billion (up 8.9% year-over-year), and set FY 2026 guidance of $6.00–$6.20 EPS.
• The company raised its quarterly dividend to $0.8875 ($3.55 annual, ~3.2% yield), while analysts' views remain mixed—MarketBeat shows an average "Reduce" rating with a $108 target.

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Consolidated Edison Inc (NYSE:ED - Free Report) by 4.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 986,144 shares of the utilities provider's stock after selling 42,542 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.27% of Consolidated Edison worth $97,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in ED. Lazard Asset Management LLC increased its holdings in shares of 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. AQR Capital Management LLC increased its holdings in shares of Consolidated Edison by 104.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,905,678 shares of the utilities provider's stock worth $190,530,000 after buying an additional 974,419 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of Consolidated Edison by 94.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,904,876 shares of the utilities provider's stock worth $191,478,000 after buying an additional 926,716 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Consolidated Edison by 344.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 891,895 shares of the utilities provider's stock worth $88,583,000 after buying an additional 691,304 shares during the last quarter. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of Consolidated Edison during the 3rd quarter worth approximately $60,497,000. Institutional investors and hedge funds own 66.29% of the company's stock.

Consolidated Edison Stock Down 1.5%

Consolidated Edison stock opened at $111.85 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 1.06, a quick ratio of 0.94 and a current ratio of 1.02. The firm has a 50 day moving average price of $111.88 and a 200 day moving average price of $104.22. The company has a market capitalization of $41.21 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 2.89 and a beta of 0.34.

Consolidated Edison (NYSE:ED - Get Free Report) last posted its earnings results 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. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the firm earned $0.98 EPS. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts expect that Consolidated Edison Inc will post 5.62 earnings per share for the current year.

Consolidated Edison Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Wednesday, February 18th were paid a $0.8875 dividend. This represents a $3.55 annualized dividend and a dividend yield of 3.2%. This is a positive change from Consolidated Edison's previous quarterly dividend of $0.85. The ex-dividend date was Wednesday, February 18th. Consolidated Edison's payout ratio is presently 62.83%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ED. KeyCorp raised their price target on shares of Consolidated Edison from $86.00 to $96.00 and gave the stock an "underweight" rating in a report on Wednesday, March 4th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Consolidated Edison in a report on Friday, March 27th. Barclays lifted their target price on shares of Consolidated Edison from $100.00 to $110.00 and gave the company an "underweight" rating in a report on Tuesday, February 24th. Mizuho set a $118.00 target price on shares of Consolidated Edison in a report on Monday, February 23rd. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $102.00 target price on shares of Consolidated Edison in a report on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Reduce" and an average target price of $108.00.

Insider Activity at Consolidated Edison

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of the business's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total value of $218,992.68. Following the completion of the transaction, the senior vice president owned 32,453 shares in the company, valued at $3,697,694.82. The trade was a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.17% of the stock is currently owned by company insiders.

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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