Axiom Investment Management LLC Sells 8,654 Shares of Consolidated Edison Inc $ED

Key Points

• Axiom Investment Management cut its Consolidated Edison stake by 80.7% in the third quarter, selling 8,654 shares and retaining 2,066 shares worth about $211,000.
• Con Edison reported quarterly EPS of $2.07, above the $2.03 consensus, and revenue of $4.91 billion, also exceeding estimates. Its 2026 EPS guidance of $6.05–$6.15 brackets analyst expectations.
• The company announced a quarterly dividend of $0.8875 per share, equivalent to a 3.0% annualized yield. Analyst views remain mixed, with MarketBeat reporting an average “Reduce” rating and a $109.74 average price target.

Axiom Investment Management LLC trimmed its stake in shares of Consolidated Edison Inc (NYSE:ED - Free Report) by 80.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,066 shares of the utilities provider's stock after selling 8,654 shares during the period. Axiom Investment Management LLC's holdings in Consolidated Edison were worth $211,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Aberdeen Wealth Management LLC acquired a new stake in shares of Consolidated Edison in the second quarter valued at approximately $27,000. Sachetta LLC raised its position in Consolidated Edison by 72.9% in the 1st 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. Activest Wealth Management lifted its holdings in Consolidated Edison by 77.3% during the 3rd quarter. Activest Wealth Management now owns 250 shares of the utilities provider's stock worth $26,000 after buying an additional 109 shares in the last quarter. Keating Financial Advisory Services Inc. acquired a new position in Consolidated Edison during the 2nd quarter worth $30,000. Finally, GoalVest Advisory LLC lifted its holdings in Consolidated Edison by 80.0% during the 3rd quarter. GoalVest Advisory LLC now owns 306 shares of the utilities provider's stock worth $31,000 after buying an additional 136 shares in the last quarter. 66.29% of the stock is owned by institutional investors.

Key Consolidated Edison News

Here are the key news stories impacting Consolidated Edison this week:

• Positive Sentiment: Con Edison reported adjusted Q3 EPS of $2.07, up from $1.90 a year earlier, and revenue of $4.91 billion, above the cited $4.75 billion consensus. Some estimates vary slightly: one Zacks report characterized EPS as a narrow miss. Con Edison reports 2026 third-quarter earnings
• Positive Sentiment: Wells Fargo raised its price target to $134 from $118 and upgraded ED to “overweight.” Mizuho also lifted its target, to $124 from $108. Wells Fargo price-target update Mizuho price-target update
• Neutral Sentiment: FY 2026 EPS guidance is $6.05–$6.15, bracketing the $6.11 consensus. The range supports expectations near consensus, though its narrower span leaves less room for an upside surprise. Q3 earnings and guidance
• Negative Sentiment: Barclays raised its target only slightly, from $106 to $108, while retaining an “underweight” rating—still implying downside from the cited share price. Barclays rating and target
• Negative Sentiment: The company outlined $38 billion in planned investments, raising potential financing and shareholder-dilution concerns that could offset the appeal of earnings growth. Q3 earnings, guidance, and investment risks

Consolidated Edison Trading Down 2.4%

ED opened at $118.56 on Friday. 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 company has a market cap of $43.85 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 4.10 and a beta of 0.23. The firm has a 50 day simple moving average of $108.92 and a 200 day simple moving average of $109.35. Consolidated Edison Inc has a fifty-two week low of $94.96 and a fifty-two week high of $122.75.

Consolidated Edison (NYSE:ED - Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The utilities provider reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.04. Consolidated Edison had a net margin of 12.70% and a return on equity of 8.68%. The business had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same period in the prior year, the business posted $1.90 earnings per share. On average, sell-side analysts anticipate that Consolidated Edison Inc will post 6.10 earnings per share for the current year.

Consolidated Edison Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.8875 per share. The ex-dividend date is Wednesday, November 18th. This represents a $3.55 annualized dividend and a dividend yield of 3.0%. Consolidated Edison's payout ratio is presently 56.80%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. HSBC started coverage on Consolidated Edison in a research report on Thursday, October 22nd. They issued a "hold" rating and a $104.00 price objective on the stock. Wells Fargo & Company boosted their target price on Consolidated Edison from $118.00 to $134.00 and gave the stock an "overweight" rating in a research report on Friday. Barclays upped their price target on Consolidated Edison from $106.00 to $108.00 and gave the company an "underweight" rating in a research note on Friday. LADENBURG THALM/SH SH raised their price target on Consolidated Edison from $101.00 to $113.50 and gave the company a "neutral" rating in a report on Monday, July 13th. Finally, Morgan Stanley lowered their price objective on Consolidated Edison from $101.00 to $97.00 and set an "underweight" rating for the company in a research report on Friday, September 18th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of $109.74.

About Consolidated Edison

Consolidated Edison, Inc is an energy holding company whose principal business is delivering electricity, natural gas and steam through regulated utility subsidiaries. Its services include generating, transmitting and distributing energy to residential, commercial and industrial customers.

Its largest subsidiary, Consolidated Edison Company of New York, serves customers in New York City and Westchester County. Orange and Rockland Utilities serves parts of southeastern New York and northern New Jersey.

The company's roots trace back to New York Gas Light Company, founded in 1823.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.