Consolidated Edison Inc $ED Position Increased by Swedbank AB

Swedbank AB raised its holdings in shares of Consolidated Edison Inc (NYSE:ED) by 1.9% in the 4th quarter, Holdings Channel reports. The firm owned 331,793 shares of the utilities provider’s stock after purchasing an additional 6,112 shares during the quarter. Swedbank AB’s holdings in Consolidated Edison were worth $32,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Consolidated Edison by 2.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 796,321 shares of the utilities provider’s stock valued at $79,624,000 after acquiring an additional 19,788 shares during the period. AssuredPartners Investment Advisors LLC boosted its holdings in shares of Consolidated Edison by 89.3% during the fourth quarter. AssuredPartners Investment Advisors LLC now owns 11,723 shares of the utilities provider’s stock valued at $1,164,000 after acquiring an additional 5,530 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Consolidated Edison by 1.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,206 shares of the utilities provider’s stock valued at $5,483,000 after acquiring an additional 791 shares during the period. Garner Asset Management Corp acquired a new position in shares of Consolidated Edison during the fourth quarter valued at $75,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Consolidated Edison by 9.9% during the fourth quarter. Principal Financial Group Inc. now owns 546,386 shares of the utilities provider’s stock valued at $54,267,000 after acquiring an additional 49,109 shares during the period. Institutional investors own 66.29% of the company’s stock.

Analyst Upgrades and Downgrades

ED has been the topic of several recent analyst reports. Citigroup restated a “buy” rating on shares of Consolidated Edison in a report on Monday, February 23rd. UBS Group boosted their price objective on Consolidated Edison from $108.00 to $112.00 and gave the stock a “neutral” rating in a report on Friday, January 23rd. Wells Fargo & Company set a $98.00 price objective on Consolidated Edison in a report on Tuesday, April 21st. Mizuho set a $118.00 price objective on Consolidated Edison in a report on Monday, February 23rd. Finally, Weiss Ratings upgraded Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. 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. According to data from MarketBeat.com, Consolidated Edison presently has an average rating of “Reduce” and a consensus price target of $108.92.

Consolidated Edison Price Performance

Shares of ED opened at $106.38 on Friday. The company has a market capitalization of $39.19 billion, a price-to-earnings ratio of 18.83, a P/E/G ratio of 2.72 and a beta of 0.29. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $116.23. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94. The business’s 50-day moving average is $111.55 and its 200-day moving average is $105.24.

Consolidated Edison (NYSE:ED) last issued its 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). The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. During the same quarter in the prior year, the company earned $2.26 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts expect that Consolidated Edison Inc will post 6.08 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Wednesday, May 13th. This represents a $3.55 dividend on an annualized basis and a yield of 3.3%. Consolidated Edison’s dividend payout ratio is currently 62.83%.

Key Consolidated Edison News

Here are the key news stories impacting Consolidated Edison this week:

• Positive Sentiment: Reported higher GAAP net income and continued strong demand for electricity, gas and steam, which supports near-term cash flow and regulated earnings power. Consolidated Edison posts higher quarterly profit on robust power demand
• Positive Sentiment: Company press release shows GAAP net income rose to $924M ($2.55/share) year-over-year, indicating underlying business resilience despite adjusted metric differences. CON EDISON REPORTS 2026 FIRST QUARTER EARNINGS
• Neutral Sentiment: FY‑2026 EPS guidance was reiterated as a range of $6.00–$6.20 (consensus ~6.10). That keeps guidance essentially in line with Street expectations but isn’t a raise, so it provides limited positive catalyst. View Press Release / Slide Deck
• Neutral Sentiment: Longer-term grid programs (e.g., air‑conditioning + battery virtual power plant pilots) highlighted by city-level initiatives could expand non‑wires/grid services opportunities for utilities like Con Ed, but these are multi-year and not an immediate earnings driver. Air conditioning battery program for renters could help cities manage grid stress during heat waves
• Negative Sentiment: Adjusted earnings per share missed consensus (reported ~$2.18 vs. ~2.28 expected) and revenue came in below estimates (~$5.09–5.10B vs. ~$5.22B), which is the primary driver of the intraday weakness as investors penalize the miss. Consolidated Edison (ED) Lags Q1 Earnings Estimates
• Negative Sentiment: Con Edison plans a large ~$38B investment program — this supports long‑term rate base growth but raises near‑term funding/credit and execution questions that can weigh on the stock until regulatory recoveries and financing plans are clearer. Con Edison plans $38B investment as LL97 reporting systems expand

Insider Buying and Selling

In related news, SVP Deneen L. Donnley sold 1,922 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $3,697,694.82. This represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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.