Shepherd Financial Partners LLC Takes Position in Consolidated Edison Inc $ED

Key Points

• Shepherd Financial Partners acquired 14,759 shares of Consolidated Edison worth approximately $1.63 million in the second quarter. Institutional investors and hedge funds collectively own 66.29% of the company.
• Con Edison reported quarterly EPS of $0.83, exceeding the $0.76 consensus estimate, while revenue reached $4.07 billion. The company reaffirmed fiscal 2026 EPS guidance of $6.00–$6.20.
• The company declared a quarterly dividend of $0.8875, or $3.55 annually, representing a 3.3% yield. Analysts have a consensus “Reduce” rating and an average price target of $108.80, near the stock’s reported $108.04 price.

Shepherd Financial Partners LLC bought a new stake in Consolidated Edison Inc (NYSE:ED - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,759 shares of the utilities provider's stock, valued at approximately $1,633,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Sachetta LLC grew its stake in Consolidated Edison by 72.9% in the first quarter. Sachetta LLC now owns 242 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 102 shares during the period. JPL Wealth Management LLC bought a new stake in shares of Consolidated Edison during the third quarter valued at approximately $26,000. Basepoint Wealth LLC acquired a new position in shares of Consolidated Edison during the fourth quarter worth approximately $26,000. WealthCollab LLC raised its position in shares of Consolidated Edison by 68.4% during the fourth quarter. WealthCollab LLC now owns 315 shares of the utilities provider's stock worth $31,000 after purchasing an additional 128 shares during the period. Finally, Turning Point Benefit Group Inc. acquired a new position in shares of Consolidated Edison during the third quarter worth approximately $32,000. 66.29% of the stock is owned by institutional investors and hedge funds.

Consolidated Edison Stock Down 1.0%

Shares of NYSE:ED opened at $108.04 on Thursday. The stock has a market cap of $39.96 billion, a price-to-earnings ratio of 17.74, a PEG 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. Consolidated Edison Inc has a 12-month low of $94.96 and a 12-month high of $116.23. The business's 50 day moving average is $109.96 and its 200 day moving average is $109.89.

Consolidated Edison (NYSE:ED - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.07. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.60 billion. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%.During the same quarter in the prior 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, sell-side analysts forecast that Consolidated Edison Inc will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Dividend Announcement

The company 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. The ex-dividend date is Wednesday, August 19th. This represents a $3.55 annualized dividend and a dividend yield of 3.3%. Consolidated Edison's dividend payout ratio is currently 58.29%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Mizuho set a $114.00 price target on shares of Consolidated Edison in a research report on Monday, July 27th. Weiss Ratings restated a "buy (b)" rating on shares of Consolidated Edison in a report on Tuesday, July 21st. Evercore reaffirmed a "positive" rating and issued a $112.00 price objective on shares of Consolidated Edison in a research note on Monday. KeyCorp reduced their price objective on shares of Consolidated Edison from $97.00 to $94.00 and set an "underweight" rating for the company in a report on Thursday, July 23rd. Finally, Morgan Stanley reissued an "underweight" rating on shares of Consolidated Edison in a research report on Wednesday, July 22nd. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average 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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