Danske Bank A S Boosts Stock Holdings in Consolidated Edison Inc $ED

Key Points

• Danske Bank A/S increased its stake in Consolidated Edison by 12.6% in Q4, buying 59,000 shares to hold 528,391 shares (about 0.15%) valued at $52.48 million.
• Street consensus is a Reduce rating with a $108.92 target, reflecting a mix of Hold/Underweight/Sell views from recent analyst notes despite several price-target raises.
• Con Edison reported a quarterly EPS beat ($0.89 vs. $0.86) with revenue up 8.9%, set FY2026 guidance of $6.00–$6.20, and declared a quarterly dividend of $0.8875 (annual $3.55, yield 3.2%; ex-dividend May 13).

Danske Bank A S raised its holdings in shares of Consolidated Edison Inc (NYSE:ED - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 528,391 shares of the utilities provider's stock after buying an additional 59,000 shares during the period. Danske Bank A S owned about 0.15% of Consolidated Edison worth $52,480,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Consolidated Edison by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 45,636,041 shares of the utilities provider's stock valued at $4,532,572,000 after acquiring an additional 461,108 shares during the last quarter. State Street Corp raised its stake in shares of Consolidated Edison by 0.3% during the third quarter. State Street Corp now owns 24,050,572 shares of the utilities provider's stock valued at $2,417,563,000 after acquiring an additional 63,346 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Consolidated Edison by 121,543.9% during the third quarter. Lazard Asset Management LLC now owns 5,960,553 shares of the utilities provider's stock valued at $599,155,000 after acquiring an additional 5,955,653 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Consolidated Edison by 1.2% during the third quarter. Legal & General Group Plc now owns 4,351,530 shares of the utilities provider's stock valued at $437,416,000 after acquiring an additional 52,061 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Consolidated Edison by 1.4% during the third quarter. Northern Trust Corp now owns 4,128,793 shares of the utilities provider's stock valued at $415,026,000 after acquiring an additional 57,365 shares during the last quarter. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $118.00 price objective on shares of Consolidated Edison in a research note on Friday, January 23rd. Bank of America reaffirmed an "underperform" rating and set a $104.00 price objective on shares of Consolidated Edison in a research note on Wednesday, February 25th. KeyCorp upped their price objective on shares of Consolidated Edison from $96.00 to $97.00 and gave the company an "underweight" rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. upped their price objective on shares of Consolidated Edison from $107.00 to $113.00 and gave the company an "underweight" rating in a research note on Thursday, March 12th. Finally, Barclays upped their price objective on shares of Consolidated Edison from $100.00 to $110.00 and gave the company an "underweight" rating in a research note on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $108.92.

Consolidated Edison Price Performance

Shares of NYSE ED opened at $110.61 on Friday. Consolidated Edison Inc has a 1 year low of $94.96 and a 1 year 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 company's 50-day moving average is $111.76 and its 200 day moving average is $105.06. The stock has a market capitalization of $40.75 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.84 and a beta of 0.29.

Consolidated Edison (NYSE:ED - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) 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 company had revenue of $4 billion for the quarter, compared to analysts' expectations of $3.71 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. Consolidated Edison's quarterly revenue 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, sell-side analysts expect that Consolidated Edison Inc will post 6.08 earnings per share for the current year.

Consolidated Edison Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 13th will be given a dividend of $0.8875 per share. The ex-dividend date is Wednesday, May 13th. This represents a $3.55 annualized dividend and a dividend yield of 3.2%. Consolidated Edison's payout ratio is currently 62.83%.

Insider Activity

In related news, SVP Deneen L. Donnley sold 1,922 shares of the business's stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $113.94, for a total transaction of $218,992.68. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by corporate insiders.

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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