Empowered Funds LLC reduced its stake in shares of Consolidated Edison Inc (NYSE:ED - Free Report) by 36.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,776 shares of the utilities provider's stock after selling 9,618 shares during the quarter. Empowered Funds LLC's holdings in Consolidated Edison were worth $1,899,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Revolve Wealth Partners LLC grew its holdings in Consolidated Edison by 13.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider's stock valued at $332,000 after purchasing an additional 441 shares during the period. Woodline Partners LP boosted its position in shares of Consolidated Edison by 40.7% during the first quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider's stock worth $3,237,000 after purchasing an additional 8,468 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Consolidated Edison in the 2nd quarter valued at $3,256,000. Baird Financial Group Inc. increased its position in shares of Consolidated Edison by 2.1% in the 2nd quarter. Baird Financial Group Inc. now owns 14,679 shares of the utilities provider's stock valued at $1,473,000 after buying an additional 296 shares in the last quarter. Finally, Natixis acquired a new stake in shares of Consolidated Edison during the second quarter worth about $1,278,000. 66.29% of the stock is owned by institutional investors.
Trending Headlines about Consolidated Edison
Here are the key news stories impacting Consolidated Edison this week:
- Positive Sentiment: Second-quarter EPS was $0.83, exceeding analyst expectations of roughly $0.74–$0.76 and rising from $0.67 a year earlier. Net income increased to $308 million from $246 million. Consolidated Edison Q2 Earnings and Revenues Beat Estimates
- Positive Sentiment: Revenue also beat estimates, while strong power demand helped drive the quarterly outperformance—an encouraging sign for Con Edison’s regulated utility operations. Consolidated Edison beats profit estimates on strong power demand
- Positive Sentiment: The earnings improvement was broad enough to support investor confidence: adjusted EPS also climbed to $0.83 from $0.67 in the prior-year quarter. Con Edison Reports 2026 Second Quarter Earnings
- Neutral Sentiment: Con Edison maintained fiscal 2026 EPS guidance of $6.00–$6.20, broadly centered on the analyst consensus estimate of $6.11. The range does not represent a material upward revision, limiting the potential upside from guidance alone.
Analyst Ratings Changes
Several research firms have issued reports on ED. Mizuho set a $114.00 price target on Consolidated Edison in a research note on Monday, July 27th. Argus set a $112.00 price target on shares of Consolidated Edison in a research report on Tuesday, June 23rd. Morgan Stanley restated an "underweight" rating on shares of Consolidated Edison in a research note on Wednesday, July 22nd. Wells Fargo & Company set a $98.00 target price on shares of Consolidated Edison in a research note on Tuesday, April 21st. Finally, Evercore set a $116.00 price target on Consolidated Edison in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, Consolidated Edison currently has an average rating of "Reduce" and an average price target of $108.47.
Check Out Our Latest Analysis on ED
Consolidated Edison Price Performance
ED stock opened at $108.54 on Friday. The company has a market capitalization of $40.00 billion, a P/E ratio of 18.27, a PEG ratio of 2.81 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 company has a fifty day moving average price of $109.43 and a 200-day moving average price of $109.67. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19.
Consolidated Edison (NYSE:ED - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.07. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.60 billion. Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. During the same period 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 year.
Consolidated Edison Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Wednesday, August 19th will be issued a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, August 19th. Consolidated Edison's dividend payout ratio (DPR) is currently 59.76%.
Consolidated Edison Profile
(
Free Report)
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.
Further Reading
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.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Consolidated Edison, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Consolidated Edison wasn't on the list.
While Consolidated Edison currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom extends far beyond the biggest tech names. Discover 10 companies supplying the memory, storage, networking, semiconductor manufacturing, and power infrastructure that make AI possible. Learn where the next wave of AI investment opportunities may emerge—and the key risks investors should watch as the global AI buildout accelerates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
