OMERS ADMINISTRATION Corp Takes Position in Consolidated Edison Inc $ED

Key Points

• OMERS Administration Corp. acquired 26,908 shares of Consolidated Edison worth approximately $2.98 million in the second quarter. Institutional investors collectively own 66.29% of ED shares.
• Con Edison reported quarterly EPS of $0.83, exceeding the $0.76 consensus estimate, while revenue reached $4.07 billion. The company reaffirmed fiscal 2026 EPS guidance of $6.00–$6.20 and declared a quarterly dividend of $0.8875 per share, yielding about 3.3% annually.
• Analyst sentiment remains cautious, with an average rating of “Reduce” and a consensus price target of $108.93, close to the stock’s $107.15 opening price. Recent targets range from $94 to $114.

OMERS ADMINISTRATION Corp purchased a new position in Consolidated Edison Inc (NYSE:ED - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 26,908 shares of the utilities provider's stock, valued at approximately $2,977,000.

A number of other hedge funds also recently bought and sold shares of the company. GW&K Investment Management LLC raised its holdings in Consolidated Edison by 28.5% in the fourth quarter. GW&K Investment Management LLC now owns 419 shares of the utilities provider's stock worth $42,000 after buying an additional 93 shares during the last quarter. bLong Financial LLC grew its holdings in shares of Consolidated Edison by 1.3% during the fourth quarter. bLong Financial LLC now owns 7,775 shares of the utilities provider's stock valued at $772,000 after buying an additional 100 shares during the last quarter. Sachetta LLC increased its position in shares of Consolidated Edison by 72.9% during the first quarter. Sachetta LLC now owns 242 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 102 shares in the last quarter. Frank Rimerman Advisors LLC increased its position in shares of Consolidated Edison by 1.3% during the first quarter. Frank Rimerman Advisors LLC now owns 8,275 shares of the utilities provider's stock valued at $937,000 after acquiring an additional 105 shares in the last quarter. Finally, Venture Visionary Partners LLC raised its holdings in Consolidated Edison by 2.0% in the 4th quarter. Venture Visionary Partners LLC now owns 5,606 shares of the utilities provider's stock worth $557,000 after acquiring an additional 108 shares during the last quarter. Institutional investors own 66.29% of the company's stock.

Consolidated Edison Price Performance

NYSE ED opened at $107.15 on Wednesday. The stock has a market capitalization of $39.63 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 2.73 and a beta of 0.27. 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 1.04, a current ratio of 1.27 and a quick ratio of 1.17. The business's fifty day moving average price is $109.94 and its 200-day moving average price is $109.91.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. The company had revenue of $4.07 billion during 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 in the previous year, the company posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts predict that Consolidated Edison Inc will post 6.09 earnings per share for the current year.

Consolidated Edison Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently issued reports on ED. Mizuho set a $114.00 price objective on Consolidated Edison in a research report on Monday, July 27th. Evercore reaffirmed a "positive" rating and set a $112.00 price objective on shares of Consolidated Edison in a research report on Monday, August 17th. KeyCorp decreased their target price on Consolidated Edison from $97.00 to $94.00 and set an "underweight" rating for the company in a research report on Thursday, July 23rd. Wells Fargo & Company upped their target price on shares of Consolidated Edison from $106.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Finally, Barclays dropped their price target on shares of Consolidated Edison from $112.00 to $106.00 and set an "underweight" rating on the stock in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and six have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Consolidated Edison presently has an average rating of "Reduce" and a consensus 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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