The Bull Case For Consolidated Edison (ED) Could Change Following Q1 Earnings Beat And $2 Billion Equity Plan

Morgan Stanley reiterated an Underweight rating on Consolidated Edison (ED) and cut its price target to $99 from $105, citing its April update of targets for North American regulated utilities and noting utility stocks underperformed the S&P in May. Con Edison’s CFO Kirk Andrews said the company is executing its 2026 investment plan, reaffirming 2026 adjusted EPS guidance, after settling a forward sale of 7 million shares and completing a $357.5 million sale of its Mountain Valley Pipeline stake

Consolidated Edison Inc. Director L. Frederick Sutherland was granted 1,596 Deferred Stock Units (DSUs) as an annual equity award, valued at $106.51 per share, under the company's Long Term Incentive Plan. Following this transaction, Sutherland holds a total of 93,043.326 common shares and DSUs, which also includes DSUs accumulated through dividend reinvestment. This award is intended to align executive compensation with the company's long-term performance.

Consolidated Edison (NYSE: ED) director Brendan Thomas Cavanagh was granted 1,596 shares of Common Stock in the form of Deferred Stock Units on May 19, 2026. This award, part of the company's Long Term Incentive Plan, was granted at a reference price of $106.51 per share. Following this transaction, Cavanagh directly holds 2,606 shares, with additional indirect holdings through LLCs tied to trusts benefiting his spouse and himself.

Con Edison reported that video footage suggests a multi-axle truck dislodged a manhole cover in Midtown, New York, shortly before a 56-year-old woman, Donika Gocaj, fatally fell into the uncovered hole. The incident occurred around 11:15 p.m. on Monday at East 52nd Street and Fifth Avenue. Investigators indicate the woman parked her car approximately 12 minutes after the manhole cover was displaced and stepped into it, with police currently suspecting no criminality.

The North Dakota State Investment Board recently acquired 12,362 shares of Consolidated Edison (NYSE:ED) worth approximately $1.23 million in the fourth quarter. This acquisition highlights continued institutional interest in the utility provider, with 66.29% of its stock owned by institutional investors and hedge funds. Despite missing recent earnings and revenue estimates, Consolidated Edison declared a quarterly dividend of $0.8875 per share, representing a 3.3% annualized yield.

Dougherty & Associates LLC has acquired 19,784 shares of Consolidated Edison Inc (NYSE:ED) for approximately $1.97 million, making it their 19th-largest holding. Institutional investors now own 66.29% of the company, while analyst ratings are mixed with a consensus "Reduce" and an average price target of $109.14. Consolidated Edison recently missed earnings and revenue expectations but announced a quarterly dividend of $0.8875 per share.