Deutsche Bank AG Has $359.28 Million Holdings in Consolidated Edison Inc $ED

Deutsche Bank AG grew its holdings in shares of Consolidated Edison Inc (NYSE:ED) by 101.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,617,361 shares of the utilities provider’s stock after purchasing an additional 1,820,877 shares during the period. Deutsche Bank AG’s holdings in Consolidated Edison were worth $359,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ED. Lazard Asset Management LLC grew its position 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 worth $599,155,000 after purchasing an additional 5,955,653 shares in the last quarter. Norges Bank acquired a new position in shares of Consolidated Edison during the 4th quarter worth approximately $489,806,000. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Consolidated Edison during the 4th quarter worth approximately $113,977,000. AQR Capital Management LLC grew its position 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 worth $190,530,000 after purchasing an additional 974,419 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position 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 worth $191,478,000 after purchasing an additional 926,716 shares in the last quarter. Institutional investors and hedge funds own 66.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on ED shares. Weiss Ratings upgraded shares of Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Citigroup reiterated a “buy” rating on shares of Consolidated Edison in a research report on Monday, February 23rd. The Goldman Sachs Group reiterated a “sell” rating and set a $105.00 price target on shares of Consolidated Edison in a research report on Thursday, May 14th. Bank of America reiterated an “underperform” rating and set a $104.00 price target on shares of Consolidated Edison in a research report on Wednesday, February 25th. Finally, KeyCorp increased their price target on shares of Consolidated Edison from $96.00 to $97.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 21st. Two investment 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. Based on data from MarketBeat.com, Consolidated Edison presently has a consensus rating of “Reduce” and a consensus target price of $107.79.

Consolidated Edison Price Performance

Shares of NYSE:ED opened at $107.67 on Thursday. The company has a market cap of $39.68 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 2.70 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. The firm has a 50 day simple moving average of $108.84 and a 200 day simple moving average of $106.36. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $116.23.

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

Consolidated Edison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors 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 annualized dividend and a yield of 3.3%. Consolidated Edison’s dividend payout ratio is presently 59.76%.

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.