MUFG Securities EMEA plc Has $1.47 Million Holdings in Consolidated Edison Inc $ED

MUFG Securities EMEA plc raised its holdings in shares of Consolidated Edison Inc (NYSE:ED) by 114.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,802 shares of the utilities provider’s stock after buying an additional 7,899 shares during the quarter. MUFG Securities EMEA plc’s holdings in Consolidated Edison were worth $1,470,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ED. Lazard Asset Management LLC lifted its holdings in shares of Consolidated Edison by 121,543.9% during the third 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. Norges Bank acquired a new position in shares of Consolidated Edison during the fourth quarter worth approximately $489,806,000. PFA Pension Forsikringsaktieselskab bought a new stake in shares of Consolidated Edison during the fourth quarter valued at approximately $113,977,000. AQR Capital Management LLC raised its stake in shares of Consolidated Edison by 104.6% in the third quarter. AQR Capital Management LLC now owns 1,905,678 shares of the utilities provider’s stock valued at $190,530,000 after purchasing an additional 974,419 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in Consolidated Edison by 94.7% in the third quarter. Qube Research & Technologies Ltd now owns 1,904,876 shares of the utilities provider’s stock worth $191,478,000 after purchasing an additional 926,716 shares during the period. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Edison Stock Performance

Shares of NYSE:ED opened at $103.75 on Wednesday. The business’s fifty day moving average price is $109.61 and its two-hundred day moving average price is $106.18. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $116.23. The stock has a market capitalization of $38.24 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 2.63 and a beta of 0.27. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.19 and a quick ratio of 1.09.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Thursday, May 7th. The utilities provider reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.10). Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter last year, the company earned $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts predict that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

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 paid a $0.8875 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $3.55 dividend on an annualized basis and a yield of 3.4%. Consolidated Edison’s payout ratio is currently 59.76%.

Analysts Set New Price Targets

Several research analysts recently commented on ED shares. Barclays reduced their target price on Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating for the company in a research report on Monday, May 11th. JPMorgan Chase & Co. raised their target price on Consolidated Edison from $107.00 to $113.00 and gave the stock an “underweight” rating in a research report on Thursday, March 12th. Morgan Stanley set a $99.00 target price on Consolidated Edison in a research report on Thursday, May 21st. Evercore set a $116.00 target price on Consolidated Edison in a research report on Monday, May 11th. Finally, Scotiabank raised their target price on Consolidated Edison from $113.00 to $117.00 and gave the stock a “sector perform” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, Consolidated Edison has a consensus rating of “Reduce” and a consensus target price of $107.79.

Insider Buying and Selling

In other Consolidated Edison 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 transaction, the senior vice president owned 32,453 shares of the company’s stock, valued at approximately $3,697,694.82. The trade was a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

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.