Assenagon Asset Management S.A. Has $88.58 Million Holdings in Consolidated Edison Inc $ED

Assenagon Asset Management S.A. raised its stake in Consolidated Edison Inc (NYSE:ED) by 344.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 891,895 shares of the utilities provider’s stock after buying an additional 691,304 shares during the period. Assenagon Asset Management S.A. owned about 0.25% of Consolidated Edison worth $88,583,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. JPL Wealth Management LLC bought a new stake in Consolidated Edison during the third quarter valued at $26,000. Aventura Private Wealth LLC bought a new position in Consolidated Edison in the fourth quarter worth approximately $27,000. Salomon & Ludwin LLC grew its position in Consolidated Edison by 270.4% in the 3rd quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 219 shares during the period. Turning Point Benefit Group Inc. acquired a new position in shares of Consolidated Edison during the third quarter valued at about $32,000. Finally, Palisade Asset Management LLC acquired a new position in Consolidated Edison during the 3rd quarter valued at about $37,000. 66.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $113.94, for a total value of $218,992.68. Following the transaction, the senior vice president directly owned 32,453 shares in the company, valued at $3,697,694.82. This represents a 5.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Consolidated Edison Stock Performance

NYSE ED opened at $109.80 on Wednesday. The company’s 50 day simple moving average is $109.33 and its two-hundred day simple moving average is $102.61. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94. Consolidated Edison Inc has a 1 year low of $94.96 and a 1 year high of $116.23. The stock has a market capitalization of $39.66 billion, a PE ratio of 19.43, a P/E/G ratio of 2.78 and a beta of 0.38.

Consolidated Edison (NYSE:ED) last released its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same period in the previous year, the business earned $0.98 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts predict that Consolidated Edison Inc will post 5.62 earnings per share for the current fiscal year.

Consolidated Edison Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Wednesday, February 18th were given a dividend of $0.8875 per share. The ex-dividend date was Wednesday, February 18th. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.85. This represents a $3.55 annualized dividend and a yield of 3.2%. Consolidated Edison’s dividend payout ratio (DPR) is presently 62.83%.

Analyst Upgrades and Downgrades

ED has been the topic of several recent analyst reports. TD Cowen raised their price objective on Consolidated Edison from $105.00 to $112.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Scotiabank lifted their price objective on shares of Consolidated Edison from $113.00 to $117.00 and gave the stock a “sector perform” rating in a research report on Friday, February 20th. Morgan Stanley reiterated an “underweight” rating and issued a $102.00 target price on shares of Consolidated Edison in a research note on Friday, February 20th. UBS Group increased their target price on shares of Consolidated Edison from $108.00 to $112.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Finally, Barclays raised their price target on shares of Consolidated Edison from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Consolidated Edison has a consensus rating of “Reduce” and a consensus target price of $108.80.

Consolidated Edison 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.