10,144 Shares in Consolidated Edison Inc $ED Acquired by Occidental Asset Management LLC

Key Points

• Occidental Asset Management acquired 10,144 shares of Consolidated Edison during the second quarter, valued at approximately $1.12 million. Institutional investors collectively own 66.29% of the utility’s outstanding stock.
• Con Edison reported quarterly EPS of $0.83, exceeding analysts’ $0.76 estimate, while revenue reached $4.07 billion. The company reaffirmed fiscal 2026 EPS guidance of $6.00–$6.20.
• The company declared a quarterly dividend of $0.8875 per share, equivalent to an annualized $3.55 payout and a 3.3% yield. Analyst sentiment remains cautious, with an average rating of “Reduce” and a consensus price target of $108.80.

Occidental Asset Management LLC purchased a new position in Consolidated Edison Inc (NYSE:ED - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,144 shares of the utilities provider's stock, valued at approximately $1,122,000.

Several other institutional investors also recently modified their holdings of the stock. Pallas Capital Advisors LLC bought a new stake in shares of Consolidated Edison during the 2nd quarter worth $336,000. Performance Wealth Partners LLC purchased a new stake in shares of Consolidated Edison during the second quarter valued at $257,000. Deutsche Bank AG acquired a new position in shares of Consolidated Edison in the 2nd quarter valued at $749,184,000. Perigon Wealth Management LLC acquired a new position in shares of Consolidated Edison in the 2nd quarter valued at $1,551,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in Consolidated Edison in the 2nd quarter worth about $1,234,000. Institutional investors own 66.29% of the company's stock.

Consolidated Edison Trading Up 0.1%

NYSE:ED opened at $108.91 on Tuesday. The stock has a market cap of $40.28 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 2.83 and a beta of 0.27. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $116.23. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17. The stock's 50-day moving average is $109.90 and its two-hundred day moving average is $109.85.

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 during the quarter, compared to analyst estimates of $3.60 billion. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. During the same period in the prior year, the firm earned $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities research analysts forecast that Consolidated Edison Inc will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Wednesday, August 19th will be paid 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 dividend yield of 3.3%. Consolidated Edison's dividend payout ratio (DPR) is 58.29%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho set a $114.00 price objective on Consolidated Edison in a report on Monday, July 27th. Barclays dropped their target price on shares of Consolidated Edison from $112.00 to $106.00 and set an "underweight" rating on the stock in a research report on Friday, August 7th. Argus set a $112.00 price target on shares of Consolidated Edison in a report on Tuesday, June 23rd. Morgan Stanley restated an "underweight" rating on shares of Consolidated Edison in a research report on Wednesday, July 22nd. Finally, Wells Fargo & Company raised their price objective on shares of Consolidated Edison from $106.00 to $108.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $108.80.

Consolidated Edison Profile

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.

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