Schroder Investment Management Group Has $48 Million Position in Consolidated Edison Inc $ED

Key Points

• Schroder Investment Management Group cut its stake in Consolidated Edison by 5.8% to 482,032 shares (about $48 million), while institutional ownership is 66.29% with large moves from Norges Bank (new ~$462M stake) and Vanguard (45.04M shares, ~$4.52B).
• Con Edison beat quarterly estimates (EPS $0.89 vs $0.86; revenue $3.99B vs $3.71B), set FY2026 guidance of 6.00–6.20 EPS, and raised its quarterly dividend to $0.8875 (annual $3.55, ~3.2% yield).
• Analyst sentiment is mixed: the stock's average rating is "Reduce" with a consensus price target of $107.73, while shares trade near $111 with a P/E around 19.7.

Schroder Investment Management Group lessened its position in Consolidated Edison Inc (NYSE:ED - Free Report) by 5.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 482,032 shares of the utilities provider's stock after selling 29,561 shares during the period. Schroder Investment Management Group owned about 0.13% of Consolidated Edison worth $47,996,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new stake in Consolidated Edison during the second quarter worth $462,218,000. Vanguard Group Inc. raised its holdings in shares of Consolidated Edison by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 45,040,811 shares of the utilities provider's stock worth $4,519,845,000 after buying an additional 1,923,717 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Consolidated Edison by 2,190.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 978,160 shares of the utilities provider's stock worth $98,158,000 after buying an additional 935,463 shares in the last quarter. Rakuten Investment Management Inc. bought a new stake in shares of Consolidated Edison during the 3rd quarter worth $60,497,000. Finally, Geode Capital Management LLC boosted its stake in Consolidated Edison by 6.1% in the second quarter. Geode Capital Management LLC now owns 9,796,782 shares of the utilities provider's stock valued at $979,204,000 after buying an additional 566,358 shares in the last quarter. Institutional investors own 66.29% of the company's stock.

Analyst Ratings Changes

ED has been the subject of several research analyst reports. Barclays boosted their target price on Consolidated Edison from $100.00 to $110.00 and gave the stock an "underweight" rating in a research note on Tuesday, February 24th. UBS Group raised their target price on shares of Consolidated Edison from $108.00 to $112.00 and gave the company a "neutral" rating in a research report on Friday, January 23rd. Morgan Stanley reiterated an "underweight" rating and set a $102.00 price target on shares of Consolidated Edison in a report on Friday, February 20th. JPMorgan Chase & Co. cut their price objective on Consolidated Edison from $101.00 to $97.00 and set an "underweight" rating on the stock in a report on Friday, December 12th. Finally, TD Cowen upped their target price on Consolidated Edison from $105.00 to $112.00 and gave the stock a "hold" rating in a report on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $107.73.

Insider Buying and Selling

In other Consolidated Edison news, Director John F. Killian sold 2,276 shares of Consolidated Edison stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $96.89, for a total value of $220,521.64. Following the completion of the sale, the director directly owned 38,661 shares in the company, valued at approximately $3,745,864.29. The trade was a 5.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Consolidated Edison Trading Down 0.4%

NYSE:ED opened at $111.30 on Wednesday. Consolidated Edison Inc has a 52 week low of $94.96 and a 52 week high of $115.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 1.02. The firm's fifty day moving average is $106.76 and its 200-day moving average is $101.64. The firm has a market cap of $40.21 billion, a P/E ratio of 19.70, a P/E/G ratio of 3.00 and a beta of 0.38.

Consolidated Edison (NYSE:ED - Get Free Report) last released its earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.03. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.71 billion. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. Consolidated Edison's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts expect that Consolidated Edison Inc will post 5.62 earnings per share for the current year.

Consolidated Edison Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Wednesday, February 18th 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 is Wednesday, February 18th. This is a positive change from Consolidated Edison's previous quarterly dividend of $0.85. 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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