Czech National Bank Raises Stake in Consolidated Edison Inc $ED

Czech National Bank lifted its stake in Consolidated Edison Inc (NYSE:ED) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,898 shares of the utilities provider’s stock after purchasing an additional 6,599 shares during the period. Czech National Bank’s holdings in Consolidated Edison were worth $11,605,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Consolidated Edison by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 45,636,041 shares of the utilities provider’s stock worth $4,532,572,000 after acquiring an additional 461,108 shares in the last quarter. State Street Corp raised its stake in shares of Consolidated Edison by 3.6% during the fourth quarter. State Street Corp now owns 24,905,440 shares of the utilities provider’s stock valued at $2,473,608,000 after acquiring an additional 854,868 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Consolidated Edison by 14.8% during the first quarter. Lazard Asset Management LLC now owns 7,075,838 shares of the utilities provider’s stock valued at $800,843,000 after acquiring an additional 910,244 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Consolidated Edison by 11.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,200,840 shares of the utilities provider’s stock worth $516,549,000 after purchasing an additional 514,178 shares in the last quarter. Finally, Norges Bank purchased a new position in Consolidated Edison during the 4th quarter worth $489,806,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Consolidated Edison News Roundup

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

• Positive Sentiment: Second-quarter adjusted and reported EPS reached $0.83, well above analysts’ estimates of roughly $0.74–$0.76 and up from $0.67 a year earlier. Revenue rose to $4.07 billion, exceeding the $3.60 billion consensus estimate. Consolidated Edison Q2 Earnings Top Estimates, Revenues Rise Y/Y
• Positive Sentiment: Net income increased 25% to $308 million from $246 million, helped by robust power demand and growth in the electric and gas rate bases. The results indicate that regulated rate recovery and higher usage are supporting earnings. Consolidated Edison beats profit estimates on strong power demand
• Positive Sentiment: Management maintained its 2026 EPS outlook of $6.00–$6.20 and reaffirmed its investment plans, providing continued visibility into earnings and capital spending. Con Edison Reports 2026 Second Quarter Earnings
• Neutral Sentiment: Wells Fargo raised its price target from $106 to $108 but retained an Equal Weight rating, signaling limited near-term upside after the earnings release. Wells Fargo price target update
• Negative Sentiment: Despite the quarterly beat, Consolidated Edison did not increase its full-year guidance. Investors may also remain cautious about the utility’s valuation, interest-rate sensitivity, and debt-funded investment requirements, which can limit enthusiasm for the shares.

Consolidated Edison Trading Down 0.8%

Shares of NYSE:ED opened at $108.03 on Friday. The company has a market capitalization of $39.81 billion, a PE ratio of 17.74, a P/E/G ratio of 2.80 and a beta of 0.27. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00. Consolidated Edison Inc has a 12-month low of $94.96 and a 12-month high of $116.23. The business’s fifty day simple moving average is $109.47 and its 200-day simple moving average is $109.66.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. Consolidated Edison had a return on equity of 8.53% and a net margin of 12.53%.The firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.60 billion. During the same period in the prior year, the business posted $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities research analysts predict that Consolidated Edison Inc will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 19th. Consolidated Edison’s dividend payout ratio is presently 59.76%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ED shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Consolidated Edison in a research report on Wednesday, July 22nd. Mizuho set a $114.00 price target on Consolidated Edison in a research report on Monday, July 27th. Evercore set a $116.00 price target on Consolidated Edison in a research note on Monday, May 11th. The Goldman Sachs Group restated a “sell” rating and issued a $105.00 price objective on shares of Consolidated Edison in a report on Thursday, May 14th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Consolidated Edison in a research note on Tuesday, July 21st. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $109.07.

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.