Nuance Investments LLC Purchases Shares of 14,030 Consolidated Edison Inc $ED

Key Points

• Nuance Investments acquired 14,030 shares of Consolidated Edison during the second quarter, valued at approximately $1.55 million. Institutional and hedge-fund investors collectively own 66.29% of the company.
• Consolidated Edison reported quarterly EPS of $0.83, beating estimates of $0.76, while revenue reached $4.07 billion versus the $3.60 billion consensus. The company’s fiscal 2026 EPS guidance is $6.00–$6.20.
• The company declared a quarterly dividend of $0.8875 per share, equivalent to $3.55 annually and a 3.3% yield. Analysts’ consensus rating is “Reduce,” with an average price target of $108.80, slightly below the reported $108.91 share price.

Nuance Investments LLC bought a new position in shares of Consolidated Edison Inc (NYSE:ED - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 14,030 shares of the utilities provider's stock, valued at approximately $1,552,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Grandfield & Dodd LLC purchased a new position in shares of Consolidated Edison in the second quarter worth about $473,000. BlackRock Inc. purchased a new position in Consolidated Edison in the second quarter worth approximately $4,609,491,000. Occidental Asset Management LLC acquired a new stake in shares of Consolidated Edison during the 2nd quarter worth about $1,122,000. Pallas Capital Advisors LLC purchased a new stake in shares of Consolidated Edison in the 2nd quarter valued at approximately $336,000. Finally, Performance Wealth Partners LLC purchased a new stake in Consolidated Edison in the second quarter valued at approximately $257,000. 66.29% of the stock is owned by hedge funds and other institutional investors.

Consolidated Edison Price Performance

Consolidated Edison stock opened at $108.91 on Tuesday. Consolidated Edison Inc has a 52 week low of $94.96 and a 52 week high of $116.23. The firm has a market capitalization of $40.28 billion, a PE ratio of 17.88, a P/E/G ratio of 2.83 and a beta of 0.27. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 1.04. The firm's 50-day simple moving average is $109.90 and its 200 day simple moving average is $109.85.

Consolidated Edison (NYSE:ED - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.76 by $0.07. The business 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 business earned $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities research analysts predict that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently issued reports on ED shares. Argus set a $112.00 price target on shares of Consolidated Edison in a research report on Tuesday, June 23rd. KeyCorp decreased their target price on Consolidated Edison from $97.00 to $94.00 and set an "underweight" rating for the company in a research note on Thursday, July 23rd. Wells Fargo & Company upped their price objective on shares of Consolidated Edison from $106.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Mizuho set a $114.00 price objective on Consolidated Edison in a report on Monday, July 27th. Finally, Evercore reissued a "positive" rating and set a $112.00 price target on shares of Consolidated Edison in a report on Monday. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $108.80.

About Consolidated Edison

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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