Royal Bank of Canada Buys 190,735 Shares of Consolidated Edison Inc $ED

Posted by Brian Himes on Jul 30th, 2026

Royal Bank of Canada raised its stake in Consolidated Edison Inc (NYSE:ED – Free Report) by 14.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,532,584 shares of the utilities provider’s stock after buying an additional 190,735 shares during the period. Royal Bank of Canada’s holdings in Consolidated Edison were worth $173,457,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Basepoint Wealth LLC acquired a new position in shares of Consolidated Edison during the fourth quarter worth $26,000. JPL Wealth Management LLC bought a new position in shares of Consolidated Edison in the 3rd quarter valued at $26,000. Westfuller Advisors LLC acquired a new stake in shares of Consolidated Edison during the 4th quarter valued at $27,000. Sachetta LLC grew its position in Consolidated Edison by 72.9% during the 1st quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 102 shares during the last quarter. Finally, Dorato Capital Management bought a new stake in Consolidated Edison during the 4th quarter worth $28,000. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Trading Up 0.3%

Shares of ED stock opened at $112.29 on Thursday. The stock has a market cap of $41.38 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 2.91 and a beta of 0.27. The stock has a 50-day moving average of $109.34 and a 200-day moving average of $109.35. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $116.23.

Consolidated Edison Dividend Announcement

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. The ex-dividend date is Wednesday, August 19th. This represents a $3.55 annualized dividend and a yield of 3.2%. Consolidated Edison’s dividend payout ratio is presently 59.76%.

Analysts Set New Price Targets

Several equities analysts have commented on ED shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Consolidated Edison in a research report on Tuesday, July 21st. KeyCorp reduced their price target on Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating on the stock in a report on Thursday, July 23rd. Morgan Stanley reaffirmed an “underweight” rating on shares of Consolidated Edison in a research note on Wednesday, July 22nd. The Goldman Sachs Group reiterated a “sell” rating and issued a $105.00 price objective on shares of Consolidated Edison in a report on Thursday, May 14th. Finally, Argus set a $112.00 price objective on shares of Consolidated Edison in a report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Consolidated Edison currently has a consensus rating of “Reduce” and an average target price of $108.47.

View Our Latest Report on ED

About Consolidated Edison

(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.