Citigroup Inc. Has $85.73 Million Stake in Consolidated Edison Inc $ED

Citigroup Inc. boosted its position in Consolidated Edison Inc (NYSE:ED) by 8.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 852,827 shares of the utilities provider’s stock after purchasing an additional 67,123 shares during the period. Citigroup Inc.’s holdings in Consolidated Edison were worth $85,726,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ED. Norges Bank acquired a new position in shares of Consolidated Edison in the second quarter valued at approximately $462,218,000. Vanguard Group Inc. boosted its position in Consolidated Edison by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 45,040,811 shares of the utilities provider’s stock worth $4,519,845,000 after buying an additional 1,923,717 shares during the period. Qube Research & Technologies Ltd increased its position in Consolidated Edison by 2,190.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 978,160 shares of the utilities provider’s stock valued at $98,158,000 after acquiring an additional 935,463 shares during the period. Rakuten Investment Management Inc. bought a new position in shares of Consolidated Edison during the third quarter valued at $60,497,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Consolidated Edison by 6.1% during the second quarter. Geode Capital Management LLC now owns 9,796,782 shares of the utilities provider’s stock worth $979,204,000 after purchasing an additional 566,358 shares during the period. 66.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Consolidated Edison

In related news, Director John F. Killian sold 2,276 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $96.89, for a total value of $220,521.64. Following the transaction, the director owned 38,661 shares of the company’s stock, valued at approximately $3,745,864.29. This trade represents a 5.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is owned by corporate insiders.

Consolidated Edison Stock Down 1.9%

ED stock opened at $109.77 on Monday. The stock’s 50 day simple moving average is $103.78 and its 200 day simple moving average is $100.87. The company has a market cap of $39.65 billion, a P/E ratio of 19.43, a price-to-earnings-growth ratio of 2.98 and a beta of 0.38. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 1.02. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $115.25.

Consolidated Edison (NYSE:ED) last released its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.89 EPS for the quarter, beating the consensus estimate of $0.86 by $0.03. Consolidated Edison had a return on equity of 8.50% and a net margin of 11.95%.The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, research analysts expect that Consolidated Edison Inc will post 5.62 earnings per share for the current fiscal year.

Consolidated Edison Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Wednesday, February 18th will be issued a dividend of $0.8875 per share. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Wednesday, February 18th. Consolidated Edison’s dividend payout ratio is 62.83%.

More Consolidated Edison News

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

• Positive Sentiment: Q4 results: Con Edison reported Q4 revenue of $3.99B and GAAP EPS of $0.89, topping consensus on both revenue and (modest) EPS—revenue rose ~8.9% year‑over‑year, showing demand strength. Q4 Press Release
• Positive Sentiment: FY2026 guidance raised: Management set 2026 EPS guidance to $6.00–$6.20, above the prior street consensus (~$5.88), signaling stronger forward earnings power and supporting dividend coverage. Consolidated Edison Q4 Earnings Beat Estimates, Revenues Rise Y/Y
• Positive Sentiment: Regulatory/rate tailwinds and infrastructure spending: Recent rate case approval and higher infrastructure investment should support regulated earnings growth and long‑term rate base expansion. Consolidated Edison earnings on deck after rate case approval
• Positive Sentiment: 2025 annual results: Reported 2025 net income and adjusted EPS rose versus 2024 (net income $2,023M; adjusted EPS $5.70), reinforcing multi-year earnings progression. CON EDISON REPORTS 2025 EARNINGS
• Neutral Sentiment: Dividend appeal: Coverage in financial media highlights ED as an attractive dividend stock with growth potential, which may keep longer‑term income investors interested. Are You Looking for a High-Growth Dividend Stock?
• Negative Sentiment: Cost pressures: Reuters and other outlets note higher operating and interest expenses that weighed on quarterly profit versus some street expectations—these margin/interest headwinds partly offset the positive guidance and likely explain today’s pullback. Consolidated Edison misses quarterly profit estimates on higher operating and interest expenses

Analyst Ratings Changes

ED has been the subject of a number of recent research reports. Barclays decreased their price objective on Consolidated Edison from $101.00 to $100.00 and set an “underweight” rating for the company in a report on Thursday, January 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Consolidated Edison in a report on Monday, December 29th. TD Cowen assumed coverage on Consolidated Edison in a research note on Friday, January 9th. They issued a “hold” rating and a $105.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating for the company in a research note on Friday, December 12th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $118.00 target price on shares of Consolidated Edison in a report on Friday, January 23rd. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $105.33.

About Consolidated Edison

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.