Vanguard Group Inc. Boosts Position in Consolidated Edison Inc $ED

Key Points

• Vanguard Group increased its stake in Consolidated Edison by 1.0% to 45,636,041 shares (about 12.64% of the company), valued at $4.53 billion at quarter-end, and institutional investors collectively own roughly 66.29% of the stock.
• Consolidated Edison beat Q4 expectations with $0.89 EPS (vs. $0.86) and $4.0B revenue, set FY2026 guidance of $6.00–$6.20 EPS (analysts forecast 6.08), yet the consensus rating is "Reduce" with an average target of $108.50.
• The company declared a quarterly dividend of $0.8875 per share (annualized $3.55) for a ~3.3% yield; the ex-dividend date is May 13 and the payment date is June 15.

Vanguard Group Inc. increased its holdings in shares of Consolidated Edison Inc (NYSE:ED - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,636,041 shares of the utilities provider's stock after purchasing an additional 461,108 shares during the quarter. Vanguard Group Inc. owned approximately 12.64% of Consolidated Edison worth $4,532,572,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ED. Munich Reinsurance Co Stock Corp in Munich acquired a new position in Consolidated Edison during the fourth quarter worth approximately $212,000. Riverbend Wealth Management LLC increased its position in Consolidated Edison by 17.7% during the fourth quarter. Riverbend Wealth Management LLC now owns 2,561 shares of the utilities provider's stock worth $254,000 after buying an additional 385 shares during the period. Klingman & Associates LLC increased its position in Consolidated Edison by 15.1% during the fourth quarter. Klingman & Associates LLC now owns 6,951 shares of the utilities provider's stock worth $690,000 after buying an additional 910 shares during the period. Concurrent Investment Advisors LLC increased its position in Consolidated Edison by 34.2% during the fourth quarter. Concurrent Investment Advisors LLC now owns 11,797 shares of the utilities provider's stock worth $1,172,000 after buying an additional 3,009 shares during the period. Finally, Calamos Wealth Management LLC increased its position in Consolidated Edison by 4.4% during the fourth quarter. Calamos Wealth Management LLC now owns 10,483 shares of the utilities provider's stock worth $1,041,000 after buying an additional 442 shares during the period. Hedge funds and other institutional investors own 66.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ED. Citigroup reaffirmed a "buy" rating on shares of Consolidated Edison in a research report on Monday, February 23rd. KeyCorp lifted their target price on Consolidated Edison from $96.00 to $97.00 and gave the company an "underweight" rating in a research note on Tuesday, April 21st. Wells Fargo & Company set a $98.00 target price on Consolidated Edison in a research note on Tuesday, April 21st. Weiss Ratings upgraded Consolidated Edison from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday. Finally, Scotiabank lifted their target price on Consolidated Edison from $113.00 to $117.00 and gave the company a "sector perform" rating in a research note on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $108.50.

Insider Buying and Selling at Consolidated Edison

In other news, SVP Deneen L. Donnley sold 1,922 shares of the business's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $113.94, for a total value of $218,992.68. Following the completion of the transaction, the senior vice president directly owned 32,453 shares of the company's stock, valued at $3,697,694.82. The trade was a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by company insiders.

Consolidated Edison Stock Down 0.2%

ED opened at $108.89 on Tuesday. The business's fifty day moving average is $111.90 and its two-hundred day moving average is $104.93. 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 company has a market cap of $40.12 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 2.77 and a beta of 0.34. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $116.23.

Consolidated Edison (NYSE:ED - Get Free Report) last posted its earnings results on Thursday, February 19th. The utilities provider reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.03. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.71 billion. Consolidated Edison had a return on equity of 8.50% and a net margin of 11.95%.Consolidated Edison's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period 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. Analysts anticipate that Consolidated Edison Inc will post 6.08 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th will be given a dividend of $0.8875 per share. This represents a $3.55 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Wednesday, May 13th. Consolidated Edison's payout ratio is presently 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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