52,216 Shares in Consolidated Edison Inc $ED Purchased by Entropy Technologies LP

Key Points

• Entropy Technologies LP bought a new stake of 52,216 shares in Consolidated Edison (NYSE:ED) during Q3, valued at about $5.25 million per its 13F filing.
• Consolidated Edison beat quarterly estimates with EPS $0.89 (vs. $0.86 expected) and $4.0B revenue, set FY2026 guidance of $6.00–$6.20 EPS, and raised its quarterly dividend to $0.8875 (annualized $3.55, ~3.1% yield).
• Institutional investors own about 66.29% of ED, with large holders like Vanguard, Geode and Norges Bank increasing or initiating positions; analysts' consensus rating is "Reduce" with a $108.80 target price.

Entropy Technologies LP purchased a new stake in shares of Consolidated Edison Inc (NYSE:ED - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 52,216 shares of the utilities provider's stock, valued at approximately $5,249,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Consolidated Edison by 0.3% during the third quarter. Vanguard Group Inc. now owns 45,174,933 shares of the utilities provider's stock valued at $4,540,984,000 after buying an additional 134,122 shares during the period. Geode Capital Management LLC lifted its stake in Consolidated Edison by 6.1% in the second quarter. Geode Capital Management LLC now owns 9,796,782 shares of the utilities provider's stock worth $979,204,000 after acquiring an additional 566,358 shares during the period. Norges Bank purchased a new stake in Consolidated Edison in the second quarter worth $462,218,000. Legal & General Group Plc boosted its holdings in Consolidated Edison by 1.2% in the third quarter. Legal & General Group Plc now owns 4,351,530 shares of the utilities provider's stock valued at $437,416,000 after acquiring an additional 52,061 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Consolidated Edison by 5.3% in the third quarter. Invesco Ltd. now owns 3,583,423 shares of the utilities provider's stock valued at $360,206,000 after acquiring an additional 179,278 shares in the last quarter. Institutional investors own 66.29% of the company's stock.

Consolidated Edison Stock Up 1.1%

NYSE:ED opened at $112.95 on Friday. The firm's 50-day moving average price is $107.28 and its 200-day moving average price is $101.79. The company has a market capitalization of $40.80 billion, a PE ratio of 19.99, a P/E/G ratio of 3.00 and a beta of 0.38. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $115.25.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.03. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The company had revenue of $4 billion during the quarter, compared to analysts' expectations of $3.71 billion. During the same period last year, the company posted $0.98 EPS. Consolidated Edison's revenue was up 8.9% on a year-over-year basis. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts predict that Consolidated Edison Inc will post 5.62 EPS for the current fiscal year.

Consolidated Edison Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Wednesday, February 18th will be given a $0.8875 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Consolidated Edison's previous quarterly dividend of $0.85. Consolidated Edison's payout ratio is presently 62.83%.

Analyst Upgrades and Downgrades

Several research analysts have commented on ED shares. Scotiabank upped their price objective on shares of Consolidated Edison from $113.00 to $117.00 and gave the stock a "sector perform" rating in a report on Friday, February 20th. JPMorgan Chase & Co. boosted their price target on shares of Consolidated Edison from $107.00 to $113.00 and gave the company an "underweight" rating in a research report on Thursday. Weiss Ratings reissued a "buy (b-)" rating on shares of Consolidated Edison in a research note on Monday, December 29th. UBS Group raised their price objective on shares of Consolidated Edison from $108.00 to $112.00 and gave the stock a "neutral" rating in a report on Friday, January 23rd. Finally, Mizuho set a $118.00 price objective on Consolidated Edison in a research report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Consolidated Edison has a consensus rating of "Reduce" and a consensus target price of $108.80.

Consolidated Edison Company 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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