UBS Group AG Sells 916,163 Shares of Consolidated Edison Inc $ED

Key Points

• UBS Group AG sold 916,163 shares of Consolidated Edison in Q4, cutting its stake by 46.1% to 1,073,152 shares (about $106.6 million), leaving institutional investors with 66.29% ownership overall.
• Analyst sentiment is muted: Consensus rating is "Reduce" with an average price target of $108.92 (3 Buys, 6 Holds, 5 Sells), slightly below the recent trading price.
• Consolidated Edison reiterated FY2026 EPS guidance of $6.00–$6.20 (market forecast ~6.08), reported a recent quarterly beat, and pays a $0.8875 quarterly dividend (annual $3.55, ~3.2% yield).

UBS Group AG decreased its position in Consolidated Edison Inc (NYSE:ED - Free Report) by 46.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,073,152 shares of the utilities provider's stock after selling 916,163 shares during the quarter. UBS Group AG owned approximately 0.30% of Consolidated Edison worth $106,585,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Consolidated Edison by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 45,636,041 shares of the utilities provider's stock worth $4,532,572,000 after acquiring an additional 461,108 shares in the last quarter. State Street Corp boosted its holdings in shares of Consolidated Edison by 0.3% in the 3rd quarter. State Street Corp now owns 24,050,572 shares of the utilities provider's stock worth $2,417,563,000 after buying an additional 63,346 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Consolidated Edison by 121,543.9% in the 3rd quarter. Lazard Asset Management LLC now owns 5,960,553 shares of the utilities provider's stock worth $599,155,000 after buying an additional 5,955,653 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Consolidated Edison by 1.2% in the 3rd quarter. Legal & General Group Plc now owns 4,351,530 shares of the utilities provider's stock worth $437,416,000 after buying an additional 52,061 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Consolidated Edison by 1.4% in the 3rd quarter. Northern Trust Corp now owns 4,128,793 shares of the utilities provider's stock worth $415,026,000 after buying an additional 57,365 shares during the last quarter. Institutional investors own 66.29% of the company's stock.

Insider Buying and Selling

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of the company's 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 directly owned 32,453 shares of the company's stock, valued at $3,697,694.82. This represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company set a $98.00 price target on shares of Consolidated Edison in a report on Tuesday, April 21st. Bank of America reissued an "underperform" rating and issued a $104.00 price target on shares of Consolidated Edison in a report on Wednesday, February 25th. Morgan Stanley cut their price target on shares of Consolidated Edison from $106.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday, April 21st. KeyCorp boosted their price target on shares of Consolidated Edison from $96.00 to $97.00 and gave the stock an "underweight" rating in a report on Tuesday, April 21st. Finally, Scotiabank boosted their price target on shares of Consolidated Edison from $113.00 to $117.00 and gave the stock a "sector perform" rating in a report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, Consolidated Edison currently has an average rating of "Reduce" and an average price target of $108.92.

Consolidated Edison Price Performance

NYSE ED opened at $110.61 on Friday. The company has a market cap of $40.75 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.81 and a beta of 0.29. Consolidated Edison Inc has a 52 week low of $94.96 and a 52 week high of $116.23. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 1.06. The firm's 50-day simple moving average is $111.76 and its two-hundred day simple moving average is $105.09.

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

Consolidated Edison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th will be issued a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $3.55 annualized dividend and a yield of 3.2%. Consolidated Edison's dividend payout ratio is 62.83%.

Consolidated Edison Company 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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