Consolidated Edison Inc $ED Stock Holdings Lifted by Delta Global Management LP

Key Points

• Delta Global Management increased its stake in Consolidated Edison by 122% to 25,070 shares (worth about $2.52M), while other institutions — notably Vanguard, Lazard (massive increase) and Norges Bank (new ~$462M position) — also changed holdings, leaving institutional ownership at about 66.3%.
• Analysts are mixed: the consensus rating is "Reduce" with a $108.80 target, reflecting 3 Buys, 7 Holds and 5 Sells, while the stock trades near $114.85 (one‑year range $94.96–$115.37).
• Con Edison reported a quarterly EPS beat ($0.89 vs. $0.86) and revenue up 8.9% YoY, raised its quarterly dividend to $0.8875 ($3.55 annual, ~3.1% yield), and provided FY2026 EPS guidance of $6.00–$6.20.

Delta Global Management LP grew its position in Consolidated Edison Inc (NYSE:ED - Free Report) by 122.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,070 shares of the utilities provider's stock after purchasing an additional 13,779 shares during the period. Delta Global Management LP's holdings in Consolidated Edison were worth $2,520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Consolidated Edison by 0.3% during the 3rd 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 last quarter. Lazard Asset Management LLC increased its holdings in Consolidated Edison by 121,543.9% in the third quarter. Lazard Asset Management LLC now owns 5,960,553 shares of the utilities provider's stock worth $599,155,000 after buying an additional 5,955,653 shares during the last quarter. Norges Bank bought a new position in Consolidated Edison during the second quarter valued at approximately $462,218,000. Legal & General Group Plc raised its position in Consolidated Edison by 1.2% during 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. lifted its stake 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 during the last quarter. 66.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on ED. Bank of America reissued an "underperform" rating and set a $104.00 target price on shares of Consolidated Edison in a research report on Wednesday, February 25th. UBS Group boosted their target price on shares of Consolidated Edison from $108.00 to $112.00 and gave the stock a "neutral" rating in a research report on Friday, January 23rd. Barclays boosted their price objective on shares of Consolidated Edison from $100.00 to $110.00 and gave the stock an "underweight" rating in a report on Tuesday, February 24th. Mizuho set a $118.00 target price on Consolidated Edison in a research note on Monday, February 23rd. Finally, Citigroup reissued a "buy" rating on shares of Consolidated Edison in a research report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Consolidated Edison currently has a consensus rating of "Reduce" and a consensus target price of $108.80.

Consolidated Edison Stock Performance

NYSE ED opened at $114.85 on Monday. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $115.37. The company has a 50 day moving average of $107.57 and a 200-day moving average of $101.92. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. The firm has a market cap of $41.49 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 3.08 and a beta of 0.38.

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

Consolidated Edison Increases Dividend

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

Insider Activity at Consolidated Edison

In other news, SVP Deneen L. Donnley sold 1,922 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $113.94, for a total transaction of $218,992.68. Following the sale, the senior vice president owned 32,453 shares in the company, valued at approximately $3,697,694.82. This represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.17% of the company's stock.

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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