Consolidated Edison Inc $ED Shares Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. raised its holdings in Consolidated Edison Inc (NYSE:ED) by 10.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,296 shares of the utilities provider’s stock after purchasing an additional 6,026 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Consolidated Edison were worth $6,850,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. PFS Partners LLC lifted its holdings in shares of Consolidated Edison by 12.2% in the 3rd quarter. PFS Partners LLC now owns 836 shares of the utilities provider’s stock valued at $85,000 after buying an additional 91 shares during the period. Cornerstone Financial Management LLC boosted its stake in shares of Consolidated Edison by 43.2% in the second quarter. Cornerstone Financial Management LLC now owns 318 shares of the utilities provider’s stock worth $35,000 after buying an additional 96 shares during the last quarter. Charles Schwab Trust Co grew its holdings in Consolidated Edison by 2.3% during the third quarter. Charles Schwab Trust Co now owns 4,400 shares of the utilities provider’s stock worth $450,000 after acquiring an additional 100 shares during the period. Sachetta LLC grew its holdings in Consolidated Edison by 72.9% during the first quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 102 shares during the period. Finally, SYM FINANCIAL Corp grew its holdings in Consolidated Edison by 5.0% during the third quarter. SYM FINANCIAL Corp now owns 2,158 shares of the utilities provider’s stock worth $221,000 after acquiring an additional 102 shares during the period. 66.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ED shares. Wells Fargo & Company lifted their price target on Consolidated Edison from $106.00 to $108.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Bank of America lowered their price objective on Consolidated Edison from $105.00 to $96.00 in a research report on Friday, October 2nd. Mizuho set a $108.00 price objective on Consolidated Edison in a research report on Wednesday, October 7th. Royal Bank Of Canada dropped their price objective on shares of Consolidated Edison from $110.00 to $109.00 in a research note on Monday, October 26th. Finally, The Goldman Sachs Group cut their target price on shares of Consolidated Edison from $106.00 to $102.00 in a report on Thursday, October 15th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $108.09.

Trending Headlines about Consolidated Edison

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

• Positive Sentiment: Con Edison reported third-quarter net income of $766 million, or $2.07 per share, versus $688 million and $1.91 per share a year earlier. One report also put revenue at $4.91 billion, above analysts’ $4.75 billion estimate, while earnings exceeded that report’s $2.03-per-share consensus. Con Edison reports 2026 third-quarter earnings
• Neutral Sentiment: Con Edison’s EV charging program reportedly shifted 97% of charging load away from peak hours. This may help with grid management, but the report did not quantify a financial impact. Con Edison’s EV charging program shifts 97% of load off peak
• Negative Sentiment: Zacks reported adjusted quarterly EPS of $2.06 against its $2.07 consensus, describing a slight earnings miss. The discrepancy with other reports’ $2.07 actual EPS and $2.03 consensus could create mixed reactions to the results. Consolidated Edison misses Q3 earnings estimates

Consolidated Edison Trading Up 1.1%

Shares of Consolidated Edison stock opened at $121.57 on Friday. The firm has a 50-day simple moving average of $108.69 and a two-hundred day simple moving average of $109.28. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $122.75. The company has a market cap of $44.96 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 4.16 and a beta of 0.23.

Consolidated Edison (NYSE:ED) last posted its earnings results on Thursday, November 5th. The utilities provider reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.04. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%. The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.75 billion. During the same period last year, the firm earned $1.90 EPS. As a group, equities analysts predict that Consolidated Edison Inc will post 6.10 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.8875 per share. The ex-dividend date is Wednesday, November 18th. This represents a $3.55 dividend on an annualized basis and a yield of 2.9%. Consolidated Edison’s dividend payout ratio is currently 58.29%.

About Consolidated Edison

Consolidated Edison, Inc is a diversified energy company headquartered in New York City. Through its regulated utility subsidiaries, the company delivers electricity, natural gas and steam to residential, commercial and industrial customers.

Its principal subsidiary, Consolidated Edison Company of New York, provides electric service throughout New York City and Westchester County, along with gas service in Manhattan, the Bronx, parts of Queens and Westchester County, and steam service in parts of Manhattan.