Meeder Asset Management Inc. Takes Position in Consolidated Edison Inc $ED

Key Points

• Meeder Asset Management acquired 42,543 shares of Consolidated Edison worth approximately $4.7 million during the second quarter. Institutional investors collectively own 66.29% of the utility’s stock.
• Con Edison reported quarterly EPS of $0.83, exceeding the $0.76 analyst consensus, while revenue reached $4.07 billion versus estimates of $3.60 billion. Management issued fiscal 2026 EPS guidance of $6.00–$6.20.
• The company declared a quarterly dividend of $0.8875 per share, equivalent to a 3.3% annual yield. Analysts’ consensus rating is “Reduce,” with an average price target of $108.80, slightly below the stock’s $108.91 opening price.

Meeder Asset Management Inc. acquired a new position in Consolidated Edison Inc (NYSE:ED - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 42,543 shares of the utilities provider's stock, valued at approximately $4,707,000.

Other institutional investors have also recently made changes to their positions in the company. Basepoint Wealth LLC acquired a new stake in Consolidated Edison during the 4th quarter worth about $26,000. JPL Wealth Management LLC purchased a new position in shares of Consolidated Edison during the 3rd quarter valued at about $26,000. Sachetta LLC lifted its holdings 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 buying an additional 102 shares during the period. WealthCollab LLC lifted its holdings in shares of Consolidated Edison by 68.4% in the 4th quarter. WealthCollab LLC now owns 315 shares of the utilities provider's stock valued at $31,000 after buying an additional 128 shares during the period. Finally, Godfrey Financial Associates Inc. purchased a new stake in shares of Consolidated Edison in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 66.29% of the company's stock.

Consolidated Edison Stock Up 0.1%

Consolidated Edison stock opened at $108.91 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17. The stock has a market capitalization of $40.28 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 2.83 and a beta of 0.27. The business has a 50 day simple moving average of $109.90 and a 200-day simple moving average of $109.85. Consolidated Edison Inc has a 12 month low of $94.96 and a 12 month high of $116.23.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.07. The firm had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.60 billion. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%.During the same quarter last year, the firm posted $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts anticipate that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Wednesday, August 19th will be given a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, August 19th. Consolidated Edison's dividend payout ratio is 58.29%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Consolidated Edison in a report on Tuesday, July 21st. Wells Fargo & Company upped their price objective on Consolidated Edison from $106.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Mizuho set a $114.00 price objective on shares of Consolidated Edison in a research note on Monday, July 27th. Argus set a $112.00 price objective on shares of Consolidated Edison in a research note on Tuesday, June 23rd. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and set a $105.00 target price on shares of Consolidated Edison in a report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $108.80.

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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