Man Group plc Acquires Shares of 28,205 Consolidated Edison Inc $ED

Posted by Brenda Bartman on Sep 1st, 2026

Man Group plc acquired a new stake in Consolidated Edison Inc (NYSE:ED – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,205 shares of the utilities provider’s stock, valued at approximately $3,120,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ED. 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 valued at $23,201,000 after purchasing an additional 29,635 shares during the last quarter. North Dakota State Investment Board bought a new stake in Consolidated Edison in the fourth quarter worth about $1,228,000. Los Angeles Capital Management LLC lifted its stake in Consolidated Edison by 9.0% in the fourth quarter. Los Angeles Capital Management LLC now owns 253,230 shares of the utilities provider’s stock worth $24,865,000 after purchasing an additional 20,972 shares during the last quarter. M3 Wealth Management LLC purchased a new position in shares of Consolidated Edison during the fourth quarter valued at approximately $1,380,000. Finally, Arbejdsmarkedets Tillaegspension bought a new position in shares of Consolidated Edison during the fourth quarter valued at approximately $24,109,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Consolidated Edison Trading Down 0.3%

Shares of NYSE ED opened at $107.22 on Tuesday. Consolidated Edison Inc has a twelve month low of $94.96 and a twelve month high of $116.23. The firm has a market cap of $39.65 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 2.73 and a beta of 0.27. The business has a fifty day simple moving average of $109.99 and a two-hundred day simple moving average of $109.89. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 1.04.

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

Consolidated Edison Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.55 dividend on an annualized basis and a yield of 3.3%. Consolidated Edison’s dividend payout ratio (DPR) is 58.29%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ED shares. Weiss Ratings reissued a “buy (b)” rating on shares of Consolidated Edison in a research note on Tuesday, July 21st. KeyCorp cut their price objective on Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating on the stock in a research report on Thursday, July 23rd. Morgan Stanley reduced their target price on Consolidated Edison from $105.00 to $101.00 and set an “underweight” rating on the stock in a research note on Friday, August 21st. Evercore reissued a “positive” rating and set a $112.00 target price on shares of Consolidated Edison in a research note on Monday, August 17th. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $105.00 price target on shares of Consolidated Edison in a report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, Consolidated Edison presently has a consensus rating of “Reduce” and an average target price of $108.93.

View Our Latest Report on Consolidated Edison

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.