Focus Partners Advisor Solutions LLC Invests $1.23 Million in Consolidated Edison Inc $ED

Key Points

• Focus Partners Advisor Solutions acquired 11,072 shares of Consolidated Edison in the second quarter, worth approximately $1.23 million. Institutional investors collectively own 66.29% of the utility’s stock.
• Con Edison reported quarterly earnings of $0.83 per share, beating estimates of $0.76, while revenue reached $4.07 billion versus $3.60 billion expected. The company reaffirmed fiscal 2026 EPS guidance of $6.00–$6.20.
• The company declared a quarterly dividend of $0.8875 per share, equivalent to a $3.55 annualized payout and a 3.3% yield. Despite the dividend, analyst sentiment remains cautious, with an average “Reduce” rating and a $109.07 price target.

Focus Partners Advisor Solutions LLC acquired a new stake in Consolidated Edison Inc (NYSE:ED - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 11,072 shares of the utilities provider's stock, valued at approximately $1,225,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ED. Lazard Asset Management LLC boosted its position in Consolidated Edison by 121,543.9% during the third quarter. Lazard Asset Management LLC now owns 5,960,553 shares of the utilities provider's stock valued at $599,155,000 after purchasing an additional 5,955,653 shares during the last quarter. Norges Bank acquired a new position in shares of Consolidated Edison during the 4th quarter worth approximately $489,806,000. Deutsche Bank AG raised its stake in shares of Consolidated Edison by 101.4% during the 4th quarter. Deutsche Bank AG now owns 3,617,361 shares of the utilities provider's stock worth $359,276,000 after purchasing an additional 1,820,877 shares in the last quarter. Amundi raised its stake in shares of Consolidated Edison by 66.2% during the 1st quarter. Amundi now owns 3,872,404 shares of the utilities provider's stock worth $438,272,000 after purchasing an additional 1,543,069 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in shares of Consolidated Edison during the 4th quarter worth approximately $113,977,000. Institutional investors and hedge funds own 66.29% of the company's stock.

Consolidated Edison Trading Down 0.1%

ED stock opened at $108.73 on Monday. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $116.23. The stock has a market cap of $40.21 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 2.83 and a beta of 0.27. The company has a fifty day moving average price of $109.81 and a two-hundred day moving average price of $109.83. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.07. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates 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 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts anticipate that Consolidated Edison Inc will post 6.09 EPS for the current year.

Consolidated Edison Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ED. The Goldman Sachs Group reissued a "sell" rating and issued a $105.00 target price on shares of Consolidated Edison in a research note on Thursday, May 14th. Mizuho set a $114.00 price target on shares of Consolidated Edison in a research report on Monday, July 27th. Barclays cut their price target on shares of Consolidated Edison from $112.00 to $106.00 and set an "underweight" rating for the company in a research note on Friday, August 7th. Argus set a $112.00 price objective on shares of Consolidated Edison in a research report on Tuesday, June 23rd. Finally, Evercore set a $116.00 price objective on shares of Consolidated Edison in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $109.07.

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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