Consolidated Edison Inc $ED Stake Cut by Teacher Retirement System of Texas

Key Points

• Teacher Retirement System of Texas cut its stake in Consolidated Edison by 68.8% in Q4, selling 87,139 shares and leaving 39,508 shares worth $3.924 million.
• Consolidated Edison beat Q results with $0.89 EPS versus $0.86 expected and $4.0 billion revenue (up 8.9% YoY), and set FY2026 guidance of 6.00–6.20 EPS (analyst consensus ~6.08).
• The company declared a quarterly dividend of $0.8875 (annualized $3.55) with a yield of 3.3%, payable June 15 (record/ex-dividend date May 13), and a payout ratio of 62.83%.

Teacher Retirement System of Texas reduced its holdings in Consolidated Edison Inc (NYSE:ED - Free Report) by 68.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 39,508 shares of the utilities provider's stock after selling 87,139 shares during the quarter. Teacher Retirement System of Texas' holdings in Consolidated Edison were worth $3,924,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Revolve Wealth Partners LLC lifted its holdings in Consolidated Edison by 13.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider's stock worth $332,000 after acquiring an additional 441 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Consolidated Edison by 42.1% during the first quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider's stock valued at $993,000 after purchasing an additional 2,659 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Consolidated Edison by 40.7% during the first quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider's stock valued at $3,237,000 after purchasing an additional 8,468 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Consolidated Edison during the 2nd quarter worth approximately $3,256,000. Finally, Baird Financial Group Inc. raised its position in shares of 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 purchasing an additional 296 shares during the period. 66.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Consolidated Edison

In related news, SVP Deneen L. Donnley sold 1,922 shares of the stock in a transaction dated 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. This represents a 5.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.19% of the stock is owned by corporate insiders.

Consolidated Edison Stock Performance

Shares of ED stock opened at $108.89 on Tuesday. Consolidated Edison Inc has a 12-month low of $94.96 and a 12-month high of $116.23. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94. The firm has a market capitalization of $40.12 billion, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 2.77 and a beta of 0.34. The business has a 50 day simple moving average of $111.90 and a 200 day simple moving average of $104.93.

Consolidated Edison (NYSE:ED - Get Free Report) last announced 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 return on equity of 8.50% and a net margin of 11.95%.The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the previous year, the business 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. On average, equities research analysts anticipate that Consolidated Edison Inc will post 6.08 EPS for the current year.

Consolidated Edison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 13th will be issued a $0.8875 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $3.55 annualized dividend and a yield of 3.3%. Consolidated Edison's dividend payout ratio is presently 62.83%.

Wall Street Analyst Weigh In

ED has been the subject of a number of analyst reports. UBS Group boosted their price objective on Consolidated Edison from $108.00 to $112.00 and gave the company a "neutral" rating in a research report on Friday, January 23rd. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $118.00 target price on shares of Consolidated Edison in a research report on Friday, January 23rd. Weiss Ratings upgraded shares of Consolidated Edison from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Consolidated Edison from $107.00 to $113.00 and gave the stock an "underweight" rating in a report on Thursday, March 12th. Finally, Scotiabank increased their price objective on shares of Consolidated Edison from $113.00 to $117.00 and gave the stock a "sector perform" rating in a report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $108.50.

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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