Ontario Teachers Pension Plan Board Makes New $153.59 Million Investment in Consolidated Edison Inc $ED

Ontario Teachers Pension Plan Board acquired a new stake in shares of Consolidated Edison Inc (NYSE:ED) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,388,306 shares of the utilities provider’s stock, valued at approximately $153,588,000. Consolidated Edison accounts for 1.0% of Ontario Teachers Pension Plan Board’s portfolio, making the stock its 15th biggest position. Ontario Teachers Pension Plan Board owned approximately 0.38% of Consolidated Edison as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sachetta LLC increased its position in shares of Consolidated Edison by 72.9% during the 1st quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 102 shares in the last quarter. JPL Wealth Management LLC acquired a new position in Consolidated Edison in the third quarter valued at about $26,000. Basepoint Wealth LLC acquired a new position in Consolidated Edison in the fourth quarter valued at about $26,000. WealthCollab LLC grew its stake in Consolidated Edison by 68.4% during the fourth quarter. WealthCollab LLC now owns 315 shares of the utilities provider’s stock worth $31,000 after buying an additional 128 shares during the last quarter. Finally, Turning Point Benefit Group Inc. bought a new stake in Consolidated Edison during the third quarter worth about $32,000. Institutional investors and hedge funds own 66.29% of the company’s stock.

Analyst Ratings Changes

ED has been the subject of a number of research analyst reports. Mizuho set a $114.00 target price on shares of Consolidated Edison in a research note on Monday, July 27th. Argus set a $112.00 price target on Consolidated Edison in a research report on Tuesday, June 23rd. KeyCorp dropped their price target on Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating for the company in a report on Thursday, July 23rd. The Goldman Sachs Group reiterated a “sell” rating and issued a $105.00 price objective on shares of Consolidated Edison in a research report on Thursday, May 14th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Consolidated Edison in a research note on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, Consolidated Edison currently has an average rating of “Reduce” and a consensus target price of $108.80.

Consolidated Edison Trading Up 0.1%

ED opened at $109.13 on Wednesday. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $116.23. The stock has a market capitalization of $40.36 billion, a PE ratio of 17.92, a PEG ratio of 2.83 and a beta of 0.27. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average price of $109.95 and a two-hundred day moving average price of $109.88.

Consolidated Edison (NYSE:ED) last announced its earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same period in the prior year, the business earned $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts anticipate that Consolidated Edison Inc will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.55 annualized dividend and a yield of 3.3%. Consolidated Edison’s dividend payout ratio is currently 58.29%.

About Consolidated Edison

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.