Resona Asset Management Co. Ltd. Decreases Stock Holdings in Consolidated Edison Inc $ED

Posted by Geri Gentry on May 20th, 2026

Resona Asset Management Co. Ltd. decreased its holdings in Consolidated Edison Inc (NYSE:ED – Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 209,577 shares of the utilities provider’s stock after selling 5,331 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Consolidated Edison were worth $20,824,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Meadowbrook Wealth Management LLC increased its position in shares of Consolidated Edison by 2.2% during the 4th quarter. Meadowbrook Wealth Management LLC now owns 4,687 shares of the utilities provider’s stock valued at $466,000 after purchasing an additional 100 shares during the last quarter. bLong Financial LLC increased its position in shares of Consolidated Edison by 1.3% during the 4th quarter. bLong Financial LLC now owns 7,775 shares of the utilities provider’s stock valued at $772,000 after purchasing an additional 100 shares during the last quarter. Bridgewater Advisors Inc. increased its position in shares of Consolidated Edison by 1.6% during the 4th quarter. Bridgewater Advisors Inc. now owns 6,635 shares of the utilities provider’s stock valued at $689,000 after purchasing an additional 105 shares during the last quarter. HighPoint Advisor Group LLC increased its position in shares of Consolidated Edison by 0.7% during the 3rd quarter. HighPoint Advisor Group LLC now owns 14,811 shares of the utilities provider’s stock valued at $1,489,000 after purchasing an additional 110 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its position in shares of Consolidated Edison by 36.4% during the 3rd quarter. JFS Wealth Advisors LLC now owns 412 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ED shares. KeyCorp upped their price target on shares of Consolidated Edison from $96.00 to $97.00 and gave the company an “underweight” rating in a research report on Tuesday, April 21st. Evercore set a $116.00 price target on shares of Consolidated Edison in a research report on Monday, May 11th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $105.00 price target on shares of Consolidated Edison in a research report on Thursday, May 14th. Citigroup reaffirmed a “buy” rating on shares of Consolidated Edison in a research report on Monday, February 23rd. Finally, TD Cowen upped their price target on shares of Consolidated Edison from $105.00 to $112.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th. Three 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. According to data from MarketBeat.com, Consolidated Edison currently has an average rating of “Reduce” and an average target price of $109.14.

Get Our Latest Research Report on Consolidated Edison

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 that occurred on Thursday, March 12th. The stock was sold at an average price of $113.94, for a total value of $218,992.68. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.15% of the stock is owned by insiders.

Consolidated Edison Trading Up 1.6%

ED stock opened at $108.22 on Wednesday. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $116.23. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.19 and a quick ratio of 1.09. The company has a market capitalization of $39.88 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.70 and a beta of 0.29. The business has a 50 day simple moving average of $110.71 and a two-hundred day simple moving average of $105.59.

Consolidated Edison (NYSE:ED – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The utilities provider reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($0.10). Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. During the same quarter in the previous year, the company earned $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts anticipate that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th will be paid a $0.8875 dividend. This represents a $3.55 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, May 13th. Consolidated Edison’s dividend payout ratio is presently 59.76%.

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.