55,948 Shares in Consolidated Edison Inc $ED Acquired by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC acquired 55,948 shares of Consolidated Edison in the second quarter, valued at approximately $6.19 million. Institutional investors and hedge funds collectively own 66.29% of the company.
• Consolidated Edison exceeded quarterly earnings expectations, reporting $0.83 EPS versus the $0.76 consensus and revenue of $4.07 billion. Management issued fiscal 2026 EPS guidance of $6.00–$6.20.
• The company declared a quarterly dividend of $0.8875 per share, equivalent to $3.55 annually and a 3.3% yield. Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $108.93.

Jupiter Topco LLC purchased a new position in shares of Consolidated Edison Inc (NYSE:ED - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 55,948 shares of the utilities provider's stock, valued at approximately $6,190,000.

Several other institutional investors and hedge funds have also bought and sold shares of ED. Basepoint Wealth LLC purchased a new stake in shares of Consolidated Edison in the 4th quarter valued at $26,000. JPL Wealth Management LLC purchased a new position in shares of Consolidated Edison during the third quarter worth $26,000. Sachetta LLC raised its holdings in shares of Consolidated Edison by 72.9% during the first quarter. Sachetta LLC now owns 242 shares of the utilities provider's stock worth $27,000 after purchasing an additional 102 shares during the last quarter. Aberdeen Wealth Management LLC acquired a new position in Consolidated Edison during the second quarter valued at $27,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in Consolidated Edison during the second quarter valued at $30,000. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Edison Price Performance

NYSE:ED opened at $107.22 on Tuesday. 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 Inc has a 52 week low of $94.96 and a 52 week high of $116.23. The stock's 50-day moving average price is $109.99 and its 200-day moving average price is $109.89. The stock has a market capitalization 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.

Consolidated Edison (NYSE:ED - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations 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 firm posted $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts expect that Consolidated Edison Inc will post 6.09 EPS 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. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 19th. Consolidated Edison's dividend payout ratio is presently 58.29%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Morgan Stanley cut their price target on Consolidated Edison from $105.00 to $101.00 and set an "underweight" rating on the stock in a research report on Friday, August 21st. Mizuho set a $114.00 price objective on Consolidated Edison in a report on Monday, July 27th. KeyCorp decreased their price objective on Consolidated Edison from $97.00 to $94.00 and set an "underweight" rating for the company in a report on Thursday, July 23rd. Wells Fargo & Company upped their target price on Consolidated Edison from $106.00 to $108.00 and gave the stock an "equal weight" rating in a research note on Friday, August 7th. Finally, Argus set a $112.00 price target on Consolidated Edison in a report on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, Consolidated Edison has an average rating of "Reduce" and a consensus target price of $108.93.

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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