Magellan Asset Management Ltd Has $29.73 Million Stock Position in Consolidated Edison Inc $ED
Magellan Asset Management Ltd increased its stake in Consolidated Edison Inc. (NYSE:ED) by 7.5% in the third quarter, bringing its total holding to 295,762 shares valued at approximately $29.73 million. Consolidated Edison reported strong quarterly earnings, beating EPS estimates and raising its quarterly dividend. Institutional ownership remains high, with Norges Bank and Vanguard Group holding significant positions, while analysts generally have a "Reduce" rating with an average price target of $106.87.
https://www.marketbeat.com/instant-alerts/filing-magellan-asset-management-ltd-has-2973-million-stock-position-in-consolidated-edison-inc-ed-2026-02-25/