Korea Investment CORP Makes New $29.67 Million Investment in Consolidated Edison Inc $ED

Posted by Geri Gentry on Aug 23rd, 2026

Korea Investment CORP bought a new stake in Consolidated Edison Inc (NYSE:ED – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund bought 268,201 shares of the utilities provider’s stock, valued at approximately $29,671,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. QRG Capital Management Inc. grew its holdings in Consolidated Edison by 16.9% during the 1st quarter. QRG Capital Management Inc. now owns 204,989 shares of the utilities provider’s stock worth $23,201,000 after acquiring an additional 29,635 shares during the last quarter. North Dakota State Investment Board bought a new position in shares of Consolidated Edison during the fourth quarter valued at $1,228,000. Los Angeles Capital Management LLC raised its stake in shares of Consolidated Edison by 9.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 253,230 shares of the utilities provider’s stock valued at $24,865,000 after acquiring an additional 20,972 shares during the last quarter. M3 Wealth Management LLC bought a new position in shares of Consolidated Edison during the fourth quarter valued at $1,380,000. Finally, Arbejdsmarkedets Tillaegspension acquired a new position in shares of Consolidated Edison during the fourth quarter worth $24,109,000. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Edison Price Performance

ED stock opened at $106.52 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17. The company’s 50-day moving average is $109.96 and its 200-day moving average is $109.88. The stock has a market capitalization of $39.39 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 2.76 and a beta of 0.27. Consolidated Edison Inc has a 1 year low of $94.96 and a 1 year high of $116.23.

Consolidated Edison (NYSE:ED – Get Free Report) last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%.The business had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same period in the previous year, the company posted $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts expect that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ED. Evercore reissued a “positive” rating and issued a $112.00 price objective on shares of Consolidated Edison in a research note on Monday, August 17th. KeyCorp lowered their target price on Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating for the company in a research report on Thursday, July 23rd. Barclays cut their target price on Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating on the stock in a report on Friday, August 7th. Morgan Stanley reduced their price target on Consolidated Edison from $105.00 to $101.00 and set an “underweight” rating on the stock in a research report on Friday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Consolidated Edison in a research note on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $108.93.

Check Out Our Latest Report on ED

Consolidated Edison Company Profile

(Free Report)

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.