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

MUFG Securities EMEA plc grew its position in shares of Consolidated Edison Inc (NYSE:ED) by 114.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ED. Lazard Asset Management LLC lifted its holdings in shares of Consolidated Edison by 121,543.9% during the 3rd quarter. Lazard Asset Management LLC now owns 5,960,553 shares of the utilities provider’s stock valued at $599,155,000 after buying an additional 5,955,653 shares during the last quarter. Norges Bank acquired a new stake in shares of Consolidated Edison during the 4th quarter valued at about $489,806,000. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of Consolidated Edison during the 4th quarter valued at about $113,977,000. AQR Capital Management LLC lifted its holdings in shares of Consolidated Edison by 104.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,905,678 shares of the utilities provider’s stock valued at $190,530,000 after buying an additional 974,419 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Consolidated Edison by 94.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,904,876 shares of the utilities provider’s stock valued at $191,478,000 after buying an additional 926,716 shares during the last quarter. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Consolidated Edison

In other news, SVP Deneen L. Donnley sold 1,922 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $113.94, for a total transaction of $218,992.68. Following the completion of the transaction, the senior vice president directly owned 32,453 shares in the company, valued at $3,697,694.82. The trade was a 5.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Mizuho reiterated a “neutral” rating and set a $105.00 price target on shares of Consolidated Edison in a report on Tuesday. Scotiabank lifted their price target on Consolidated Edison from $113.00 to $117.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. Barclays reduced their price target on Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating for the company in a report on Monday, May 11th. Evercore set a $116.00 target price on Consolidated Edison in a report on Monday, May 11th. Finally, TD Cowen boosted 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. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, Consolidated Edison currently has an average rating of “Reduce” and an average price target of $107.79.

Consolidated Edison Stock Up 0.1%

ED opened at $103.75 on Wednesday. The business has a 50 day moving average price of $109.61 and a 200 day moving average price of $106.18. Consolidated Edison Inc has a twelve month low of $94.96 and a twelve month high of $116.23. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19. The firm has a market cap of $38.24 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 2.63 and a beta of 0.27.

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

Consolidated Edison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 13th will be issued a $0.8875 dividend. This represents a $3.55 annualized dividend and a yield of 3.4%. The ex-dividend date is Wednesday, May 13th. Consolidated Edison’s payout ratio is 59.76%.

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.