Deutsche Bank AG Makes New $749.18 Million Investment in Consolidated Edison Inc $ED

Deutsche Bank AG purchased a new position in shares of Consolidated Edison Inc (NYSE:ED) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 6,771,976 shares of the utilities provider’s stock, valued at approximately $749,184,000.

Several other institutional investors have also made changes to their positions in ED. Vanguard Group Inc. increased its holdings in Consolidated Edison by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 45,636,041 shares of the utilities provider’s stock worth $4,532,572,000 after buying an additional 461,108 shares during the last quarter. State Street Corp raised its position in 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 lifted its stake in Consolidated Edison by 14.8% in 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 during the last quarter. Price T Rowe Associates Inc. MD lifted 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 valued at $516,549,000 after acquiring an additional 514,178 shares during the last quarter. Finally, Norges Bank bought a new stake in Consolidated Edison in the fourth quarter worth approximately $489,806,000. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on ED. The Goldman Sachs Group restated a “sell” rating and set a $105.00 price target on shares of Consolidated Edison in a research note on Thursday, May 14th. Barclays decreased their price objective on shares of Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating for the company in a report on Friday, August 7th. KeyCorp lowered their target price on shares of Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating on the stock in a research report on Thursday, July 23rd. Morgan Stanley restated an “underweight” rating on shares of Consolidated Edison in a report on Wednesday, July 22nd. Finally, Mizuho set a $114.00 price target on Consolidated Edison in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $108.80.

Consolidated Edison Price Performance

NYSE ED opened at $108.91 on Tuesday. Consolidated Edison Inc has a 1 year low of $94.96 and a 1 year high of $116.23. The company has a fifty day simple moving average of $109.90 and a 200 day simple moving average of $109.85. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 1.04. The company has a market cap of $40.28 billion, a P/E ratio of 17.88, a P/E/G ratio of 2.83 and a beta of 0.27.

Consolidated Edison (NYSE:ED) last announced its earnings results on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.60 billion. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. During the same quarter last year, the firm posted $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, sell-side analysts predict that Consolidated Edison Inc will post 6.09 EPS for the current year.

Consolidated Edison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Wednesday, August 19th will be paid a $0.8875 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.3%. Consolidated Edison’s payout ratio is presently 58.29%.

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.