63,797 Shares in Consolidated Edison Inc $ED Acquired by Ieq Capital LLC

Key Points

• Ieq Capital LLC acquired 63,797 shares of Consolidated Edison during the second quarter, valued at approximately $7.1 million. Institutional investors collectively own 66.29% of the company.
• Con Edison exceeded quarterly earnings expectations, reporting $0.83 EPS versus the $0.76 consensus and $4.07 billion in revenue versus the $3.60 billion estimate. The company maintained 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. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $108.93.

Ieq Capital LLC bought a new position in shares of Consolidated Edison Inc (NYSE:ED - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 63,797 shares of the utilities provider's stock, valued at approximately $7,058,000.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Consolidated Edison by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 45,636,041 shares of the utilities provider's stock worth $4,532,572,000 after buying an additional 461,108 shares during the last quarter. BlackRock Inc. acquired a new stake in Consolidated Edison during the 2nd quarter worth about $4,609,491,000. State Street Corp grew its position in shares of Consolidated Edison by 3.6% during the 4th quarter. State Street Corp now owns 24,905,440 shares of the utilities provider's stock worth $2,473,608,000 after buying an additional 854,868 shares during the period. Lazard Asset Management LLC lifted its position in shares of Consolidated Edison by 14.8% during the 1st quarter. Lazard Asset Management LLC now owns 7,075,838 shares of the utilities provider's stock valued at $800,843,000 after acquiring an additional 910,244 shares during the period. Finally, Deutsche Bank AG bought a new position in shares of Consolidated Edison during the 2nd quarter worth about $749,184,000. Institutional investors own 66.29% of the company's stock.

Consolidated Edison Stock Performance

Shares of ED stock opened at $106.52 on Monday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27. The firm has a market cap of $39.39 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 2.76 and a beta of 0.27. Consolidated Edison Inc has a 52 week low of $94.96 and a 52 week high of $116.23. The firm's 50-day simple moving average is $109.96 and its two-hundred day simple moving average is $109.91.

Consolidated Edison (NYSE:ED - Get Free Report) last released its earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.07. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate 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 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts forecast that Consolidated Edison Inc will post 6.09 earnings per share for the current year.

Consolidated Edison Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Wednesday, August 19th will be given a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 19th. Consolidated Edison's dividend payout ratio (DPR) is currently 58.29%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ED. The Goldman Sachs Group reissued a "sell" rating and issued a $105.00 price target on shares of Consolidated Edison in a research report on Thursday, May 14th. Morgan Stanley dropped their price objective on Consolidated Edison from $105.00 to $101.00 and set an "underweight" rating on the stock in a research note on Friday. Mizuho set a $114.00 target price on shares of Consolidated Edison in a research note on Monday, July 27th. Argus set a $112.00 target price on shares of Consolidated Edison in a report on Tuesday, June 23rd. Finally, Barclays lowered their target price on shares of Consolidated Edison from $112.00 to $106.00 and set an "underweight" rating for the company in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target 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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