Janus Henderson Group PLC Raises Holdings in Consolidated Edison Inc $ED

Key Points

• Janus Henderson increased its Consolidated Edison stake by 42.6% in the first quarter, bringing its holdings to 55,948 shares worth approximately $6.33 million. Institutional investors collectively own 66.29% of ED.
• Con Edison reported quarterly EPS of $0.83, beating estimates and rising from $0.67 a year earlier, while revenue also exceeded expectations. The company maintained fiscal 2026 EPS guidance of $6.00–$6.20.
• The company declared a quarterly dividend of $0.8875 per share, or $3.55 annualized, representing a 3.3% yield. Analyst sentiment remains cautious, with a consensus “Reduce” rating and a $108.47 target price.

Janus Henderson Group PLC increased its stake in shares of Consolidated Edison Inc (NYSE:ED - Free Report) by 42.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,948 shares of the utilities provider's stock after acquiring an additional 16,718 shares during the period. Janus Henderson Group PLC's holdings in Consolidated Edison were worth $6,329,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. GW&K Investment Management LLC grew its stake in shares of Consolidated Edison by 28.5% during the 4th quarter. GW&K Investment Management LLC now owns 419 shares of the utilities provider's stock worth $42,000 after purchasing an additional 93 shares during the period. bLong Financial LLC lifted its stake in shares of Consolidated Edison by 1.3% in the 4th quarter. bLong Financial LLC now owns 7,775 shares of the utilities provider's stock valued at $772,000 after purchasing an additional 100 shares during the period. Sachetta LLC lifted its stake in shares of 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 period. Bridgewater Advisors Inc. boosted its holdings in Consolidated Edison by 1.6% during the fourth quarter. Bridgewater Advisors Inc. now owns 6,635 shares of the utilities provider's stock worth $689,000 after buying an additional 105 shares in the last quarter. Finally, Frank Rimerman Advisors LLC boosted its holdings in Consolidated Edison by 1.3% during the first quarter. Frank Rimerman Advisors LLC now owns 8,275 shares of the utilities provider's stock worth $937,000 after buying an additional 105 shares in the last quarter. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Consolidated Edison in a report on Tuesday, July 21st. Wells Fargo & Company set a $98.00 target price on Consolidated Edison in a research report on Tuesday, April 21st. KeyCorp lowered their price target on Consolidated Edison from $97.00 to $94.00 and set an "underweight" rating on the stock in a research report on Thursday, July 23rd. Morgan Stanley reissued an "underweight" rating on shares of Consolidated Edison in a report on Wednesday, July 22nd. Finally, Mizuho set a $114.00 target price on Consolidated Edison in a research note on Monday, July 27th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $108.47.

Consolidated Edison Stock Up 0.2%

ED opened at $108.54 on Friday. The company has a market cap of $40.00 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 2.81 and a beta of 0.27. Consolidated Edison Inc has a twelve month low of $94.96 and a twelve month high of $116.23. The company has a 50-day moving average price of $109.43 and a 200 day moving average price of $109.67. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.00.

Consolidated Edison (NYSE:ED - Get Free Report) last announced its earnings results 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 return on equity of 8.33% and a net margin of 12.52%.The business had revenue of $3.75 billion during the quarter, compared to analysts' expectations of $3.60 billion. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts expect that Consolidated Edison Inc will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.3%. Consolidated Edison's dividend payout ratio is presently 59.76%.

Key Headlines Impacting Consolidated Edison

Here are the key news stories impacting Consolidated Edison this week:

• Positive Sentiment: Second-quarter EPS was $0.83, exceeding analyst expectations of roughly $0.74–$0.76 and rising from $0.67 a year earlier. Net income increased to $308 million from $246 million. Consolidated Edison Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Revenue also beat estimates, while strong power demand helped drive the quarterly outperformance—an encouraging sign for Con Edison’s regulated utility operations. Consolidated Edison beats profit estimates on strong power demand
• Positive Sentiment: The earnings improvement was broad enough to support investor confidence: adjusted EPS also climbed to $0.83 from $0.67 in the prior-year quarter. Con Edison Reports 2026 Second Quarter Earnings
• Neutral Sentiment: Con Edison maintained fiscal 2026 EPS guidance of $6.00–$6.20, broadly centered on the analyst consensus estimate of $6.11. The range does not represent a material upward revision, limiting the potential upside from guidance alone.

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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