Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Position in Consolidated Edison Inc $ED

Key Points

• Mitsubishi UFJ Asset Management raised its Q4 stake in Consolidated Edison by 2.5% to 796,321 shares (about 0.22% of the company), adding 19,788 shares valued at roughly $79.6 million.
• Consolidated Edison missed Q1 estimates with adjusted EPS of $2.18 versus $2.28 expected and revenue of $5.10B, while setting FY2026 guidance at $6.00–$6.20 and announcing a roughly $38 billion long‑term investment plan.
• The company declared a quarterly dividend of $0.8875 (annualized $3.55) for a ~3.3% yield, and MarketBeat's analyst consensus averages to a "Reduce" rating with a $108.92 price target.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Consolidated Edison Inc (NYSE:ED - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 796,321 shares of the utilities provider's stock after purchasing an additional 19,788 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.22% of Consolidated Edison worth $79,624,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Meadowbrook Wealth Management LLC boosted its holdings in shares of Consolidated Edison by 2.2% during the fourth quarter. Meadowbrook Wealth Management LLC now owns 4,687 shares of the utilities provider's stock worth $466,000 after purchasing an additional 100 shares during the period. Stephens Inc. AR boosted its holdings in shares of Consolidated Edison by 0.8% during the third quarter. Stephens Inc. AR now owns 13,791 shares of the utilities provider's stock worth $1,386,000 after purchasing an additional 105 shares during the period. Bridgewater Advisors Inc. boosted its holdings in shares of 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 purchasing an additional 105 shares during the period. HighPoint Advisor Group LLC boosted its holdings in shares of Consolidated Edison by 0.7% during the third quarter. HighPoint Advisor Group LLC now owns 14,811 shares of the utilities provider's stock worth $1,489,000 after purchasing an additional 110 shares during the period. Finally, JFS Wealth Advisors LLC boosted its holdings in shares of Consolidated Edison by 36.4% during the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider's stock worth $41,000 after purchasing an additional 110 shares during the period. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Consolidated Edison

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of the firm's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total transaction of $218,992.68. Following the completion of the transaction, the senior vice president owned 32,453 shares of the company's stock, valued at approximately $3,697,694.82. This trade represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.15% of the company's stock.

More Consolidated Edison News

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

• Positive Sentiment: GAAP net income and underlying demand were stronger — Con Edison reported higher net income and said robust electricity, gas and steam demand supported results, a sign of resilient core volumes. Consolidated Edison posts higher quarterly profit on robust power demand
• Positive Sentiment: Long‑term investment plan announced — Con Edison plans roughly $38 billion in investment, which supports future rate base growth and long‑term earnings visibility for a regulated utility. Con Edison plans $38B investment as LL97 reporting systems expand
• Neutral Sentiment: FY‑2026 EPS guidance set in a narrow band — Management updated guidance to $6.00–$6.20 (consensus ~$6.10), which implies stability but offers limited upside relative to expectations. CON EDISON REPORTS 2026 FIRST QUARTER EARNINGS
• Neutral Sentiment: Local/grid innovations could create new opportunities — City programs to use AC units and battery systems as virtual power plants to manage heat‑wave stress may create future demand for utility coordination and grid services, but near‑term impact for Con Edison is uncertain. Air conditioning battery program for renters could help cities manage grid stress during heat waves
• Negative Sentiment: Adjusted EPS and revenue missed expectations — The company reported adjusted EPS (~$2.17–$2.18) below consensus and revenue came in light versus estimates, which is the primary driver of the negative market reaction. Consolidated Edison (ED) Lags Q1 Earnings Estimates
• Negative Sentiment: Quarterly fundamentals show pressure vs. prior year — Adjusted EPS declined vs. the year‑ago quarter and several metric summaries highlight the miss, increasing near‑term uncertainty around execution and seasonal variability. Con Ed (ED) Reports Q1 Earnings: What Key Metrics Have to Say

Analysts Set New Price Targets

A number of research firms have recently weighed in on ED. Wells Fargo & Company set a $98.00 target price on shares of Consolidated Edison in a report on Tuesday, April 21st. Citigroup reissued a "buy" rating on shares of Consolidated Edison in a research note on Monday, February 23rd. Royal Bank Of Canada reissued a "sector perform" rating and issued a $118.00 price target on shares of Consolidated Edison in a research note on Friday, January 23rd. Barclays increased their price target on shares of Consolidated Edison from $100.00 to $110.00 and gave the stock an "underweight" rating in a research note on Tuesday, February 24th. Finally, Mizuho set a $118.00 price target on shares of Consolidated Edison in a research note on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and an average price target of $108.92.

Consolidated Edison Price Performance

ED stock opened at $106.38 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 market cap of $39.19 billion, a P/E ratio of 18.83, a PEG ratio of 2.72 and a beta of 0.29. The firm has a 50-day moving average of $111.55 and a 200 day moving average of $105.24. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94.

Consolidated Edison (NYSE:ED - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.28 by ($0.10). Consolidated Edison had a return on equity of 8.50% and a net margin of 11.95%.The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same period in the previous year, the company earned $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, sell-side analysts forecast that Consolidated Edison Inc will post 6.08 EPS for the current year.

Consolidated Edison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th will be paid a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.3%. Consolidated Edison's dividend payout ratio (DPR) is currently 62.83%.

Consolidated Edison 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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