Bank of Nova Scotia Boosts Stock Holdings in Consolidated Edison Inc $ED

Bank of Nova Scotia boosted its position in Consolidated Edison Inc (NYSE:ED) by 58.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,063 shares of the utilities provider’s stock after purchasing an additional 56,566 shares during the period. Bank of Nova Scotia’s holdings in Consolidated Edison were worth $17,437,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its holdings in shares of Consolidated Edison by 121,543.9% in the 3rd quarter. Lazard Asset Management LLC now owns 5,960,553 shares of the utilities provider’s stock valued at $599,155,000 after buying an additional 5,955,653 shares during the period. Norges Bank purchased a new position in Consolidated Edison in the fourth quarter worth $489,806,000. Deutsche Bank AG lifted its holdings in Consolidated Edison by 101.4% in the fourth quarter. Deutsche Bank AG now owns 3,617,361 shares of the utilities provider’s stock valued at $359,276,000 after acquiring an additional 1,820,877 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new stake in Consolidated Edison in the fourth quarter valued at $113,977,000. Finally, AQR Capital Management LLC boosted 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. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Evercore set a $116.00 price target on shares of Consolidated Edison in a report on Monday, May 11th. Argus set a $112.00 target price on shares of Consolidated Edison in a report on Tuesday, June 23rd. Mizuho reiterated a “neutral” rating and set a $105.00 price target on shares of Consolidated Edison in a research report on Tuesday, June 2nd. Wells Fargo & Company set a $98.00 price target on Consolidated Edison in a report on Tuesday, April 21st. Finally, KeyCorp dropped their price objective on Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $107.87.

Key Headlines Impacting Consolidated Edison

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

• Negative Sentiment: KeyCorp reiterated an Underweight rating and a $94 price target, while trimming/setting earnings estimates across multiple periods, including Q2 2026 EPS of $0.65, Q3 2026 EPS of $2.24, Q4 2026 EPS of $0.62, and long-term forecasts through FY2030 EPS of $7.77. The lower target and cautious stance can weigh on ED shares. Article
• Negative Sentiment: Another report highlighted that KeyCorp lowered expectations for Consolidated Edison, reinforcing a more conservative view on the stock’s earnings trajectory. Article
• Negative Sentiment: Morgan Stanley issued a “Sell” rating on Consolidated Edison, adding to the bearish analyst sentiment around the shares. Article

Consolidated Edison Trading Up 0.2%

Shares of Consolidated Edison stock opened at $112.97 on Friday. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $116.23. The business’s fifty day moving average is $109.04 and its two-hundred day moving average is $109.01. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.00. The firm has a market cap of $41.63 billion, a PE ratio of 19.02, a P/E/G ratio of 2.93 and a beta of 0.27.

Consolidated Edison Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Wednesday, August 19th will be issued a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, August 19th. Consolidated Edison’s payout ratio is presently 59.76%.

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.