Nykredit A S Takes $24.80 Million Position in Consolidated Edison Inc $ED

Key Points

• Nykredit A S acquired 224,141 shares of Consolidated Edison during the second quarter, a position valued at approximately $24.8 million and representing about 0.06% of the company.
• Consolidated Edison exceeded quarterly expectations, reporting $0.83 in EPS versus the $0.76 consensus estimate and $4.07 billion in revenue versus $3.60 billion expected. The company reaffirmed fiscal 2026 EPS guidance of $6.00–$6.20.
• The utility announced a quarterly dividend of $0.8875 per share, equal to $3.55 annually and a 3.3% yield. Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $108.93.

Nykredit A S bought a new position in shares of Consolidated Edison Inc (NYSE:ED - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 224,141 shares of the utilities provider's stock, valued at approximately $24,797,000. Nykredit A S owned approximately 0.06% of Consolidated Edison as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its stake in Consolidated Edison by 16.9% in the first quarter. QRG Capital Management Inc. now owns 204,989 shares of the utilities provider's stock valued at $23,201,000 after acquiring an additional 29,635 shares in the last quarter. North Dakota State Investment Board acquired a new stake in shares of Consolidated Edison during the fourth quarter worth about $1,228,000. Los Angeles Capital Management LLC increased its position in shares of Consolidated Edison by 9.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 253,230 shares of the utilities provider's stock worth $24,865,000 after purchasing an additional 20,972 shares in the last quarter. M3 Wealth Management LLC purchased a new stake in shares of Consolidated Edison in the 4th quarter valued at about $1,380,000. Finally, Arbejdsmarkedets Tillaegspension purchased a new stake in shares of Consolidated Edison in the 4th quarter valued at about $24,109,000. Hedge funds and other institutional investors own 66.29% of the company's stock.

Consolidated Edison Price Performance

Shares of ED opened at $108.68 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $116.23. The firm has a 50-day simple moving average of $109.87 and a 200-day simple moving average of $109.82. The company has a market capitalization of $40.19 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 3.73 and a beta of 0.27.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.07. The firm had revenue of $4.07 billion for the quarter, compared to analysts' expectations 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 in the previous year, the firm posted $0.67 EPS. 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 6.1 earnings per share for the current year.

Consolidated Edison Dividend Announcement

The business 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 $0.8875 dividend. 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 payout ratio is presently 58.29%.

Wall Street Analysts Forecast Growth

ED has been the subject of a number of research analyst reports. The Goldman Sachs Group reissued a "sell" rating and issued a $105.00 target price on shares of Consolidated Edison in a research report on Thursday, May 14th. KeyCorp reduced their price objective on Consolidated Edison from $97.00 to $94.00 and set an "underweight" rating for the company in a research note on Thursday, July 23rd. Evercore reissued a "positive" rating and issued a $112.00 price objective on shares of Consolidated Edison in a report on Monday, August 17th. Wells Fargo & Company raised their target price on shares of Consolidated Edison from $106.00 to $108.00 and gave the stock an "equal weight" rating in a research report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Consolidated Edison in a report on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and six have assigned a Sell rating to the company's stock. According to MarketBeat.com, Consolidated Edison has a consensus rating of "Reduce" and an average price target of $108.93.

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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