Kinloch Capital LLC Purchases Shares of 40,048 Consolidated Edison Inc $ED

Key Points

• Kinloch Capital initiated a position in Consolidated Edison by purchasing 40,048 shares valued at approximately $4.43 million. Institutional investors collectively own 66.29% of the company.
• Con Edison exceeded quarterly expectations, reporting $0.83 EPS versus the $0.76 consensus estimate and $4.07 billion in revenue versus $3.60 billion expected. Management maintained fiscal 2026 EPS guidance of $6.00–$6.20.
• The company declared a quarterly dividend of $0.8875, equal to an annualized $3.55 payout and a 3.3% yield. Analyst sentiment remains cautious, with a consensus “Reduce” rating and a $108.93 target price.

Kinloch Capital LLC purchased a new stake in shares of Consolidated Edison Inc (NYSE:ED - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 40,048 shares of the utilities provider's stock, valued at approximately $4,431,000.

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

Consolidated Edison Price Performance

NYSE ED opened at $107.73 on Tuesday. The stock's 50-day moving average price is $109.96 and its two-hundred day moving average price is $109.92. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 1.04. The company has a market cap of $39.84 billion, a PE ratio of 17.69, a PEG ratio of 2.76 and a beta of 0.27. Consolidated Edison Inc has a 1 year low of $94.96 and a 1 year high of $116.23.

Consolidated Edison (NYSE:ED - Get Free Report) last announced its earnings results on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. The company had revenue of $4.07 billion during the quarter, compared to analysts' expectations 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 last year, the company posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts predict that Consolidated Edison Inc will post 6.09 EPS for the current year.

Consolidated Edison Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on ED shares. Morgan Stanley cut their target price on shares of Consolidated Edison from $105.00 to $101.00 and set an "underweight" rating for the company in a research note on Friday. Evercore restated a "positive" rating and issued a $112.00 price target on shares of Consolidated Edison in a research report on Monday, August 17th. Argus set a $112.00 price target on shares of Consolidated Edison in a research report on Tuesday, June 23rd. Barclays dropped their price target on Consolidated Edison from $112.00 to $106.00 and set an "underweight" rating on the stock in a report on Friday, August 7th. Finally, Wells Fargo & Company increased their price objective on Consolidated Edison from $106.00 to $108.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price 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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