PFA Pension Forsikringsaktieselskab Acquires New Position in Consolidated Edison Inc $ED

Key Points

• PFA Pension Forsikringsaktieselskab acquired a new stake of 1,141,023 shares (~$113.98M) in Consolidated Edison (NYSE:ED) in Q4, representing about 0.32% ownership; institutional investors own roughly 66.29% of the stock.
• Consolidated Edison declared a quarterly dividend of $0.8875 per share (annualized $3.55), implying a ~3.2% yield, with record date May 13 and payment on June 15.
• The company topped Q results (EPS $0.89 vs. $0.86 expected; revenue $4.0B vs. $3.71B expected) and set FY2026 guidance of 6.000–6.200 EPS, with sell-side consensus at about 6.08 EPS and a MarketBeat consensus rating of "Reduce" (target $108.92).

PFA Pension Forsikringsaktieselskab acquired a new stake in Consolidated Edison Inc (NYSE:ED - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,141,023 shares of the utilities provider's stock, valued at approximately $113,977,000. PFA Pension Forsikringsaktieselskab owned 0.32% of Consolidated Edison at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Meadowbrook Wealth Management LLC grew its holdings in shares of Consolidated Edison by 2.2% in the fourth quarter. Meadowbrook Wealth Management LLC now owns 4,687 shares of the utilities provider's stock valued at $466,000 after purchasing an additional 100 shares during the period. Stephens Inc. AR grew its holdings in shares of Consolidated Edison by 0.8% in the third quarter. Stephens Inc. AR now owns 13,791 shares of the utilities provider's stock valued at $1,386,000 after purchasing an additional 105 shares during the period. Bridgewater Advisors Inc. lifted its position in Consolidated Edison by 1.6% in the fourth quarter. Bridgewater Advisors Inc. now owns 6,635 shares of the utilities provider's stock valued at $689,000 after buying an additional 105 shares during the last quarter. HighPoint Advisor Group LLC lifted its position in Consolidated Edison by 0.7% in the third quarter. HighPoint Advisor Group LLC now owns 14,811 shares of the utilities provider's stock valued at $1,489,000 after buying an additional 110 shares during the last quarter. Finally, JFS Wealth Advisors LLC lifted its position in Consolidated Edison by 36.4% in the third quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider's stock valued at $41,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 66.29% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on ED. Weiss Ratings raised shares of Consolidated Edison from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, April 24th. Citigroup reaffirmed a "buy" rating on shares of Consolidated Edison in a research report on Monday, February 23rd. KeyCorp upped their target price on shares of Consolidated Edison from $96.00 to $97.00 and gave the company an "underweight" rating in a research report on Tuesday, April 21st. TD Cowen upped their target price on shares of Consolidated Edison from $105.00 to $112.00 and gave the company a "hold" rating in a research report on Tuesday, February 24th. Finally, Wells Fargo & Company set a $98.00 target price on shares of Consolidated Edison in a research report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $108.92.

Insider Activity

In other news, SVP Deneen L. Donnley sold 1,922 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $113.94, for a total transaction of $218,992.68. Following the sale, the senior vice president owned 32,453 shares of the company's stock, valued at approximately $3,697,694.82. This 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 can be accessed through the SEC website. Corporate insiders own 0.15% of the company's stock.

Consolidated Edison Trading Down 0.8%

NYSE ED opened at $110.61 on Friday. The stock has a market capitalization of $40.75 billion, a P/E ratio of 19.58, a PEG ratio of 2.84 and a beta of 0.29. Consolidated Edison Inc has a 12 month low of $94.96 and a 12 month high of $116.23. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94. The firm's 50-day moving average is $111.76 and its two-hundred day moving average is $105.06.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.03. The business had revenue of $4 billion for the quarter, compared to analysts' expectations of $3.71 billion. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The business's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, sell-side analysts anticipate that Consolidated Edison Inc will post 6.08 earnings per share for the current year.

Consolidated Edison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, May 13th. Consolidated Edison's dividend payout ratio 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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