Two Sigma Securities LLC Invests $1.67 Million in Consolidated Edison Inc $ED

Key Points

• Two Sigma Securities acquired 15,093 shares of Consolidated Edison worth approximately $1.67 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 analyst consensus, while revenue reached $4.07 billion versus expectations of $3.60 billion. The company maintained fiscal 2026 EPS guidance of $6.00–$6.20.
• The company declared a quarterly dividend of $0.8875 per share, or $3.55 annually, representing a 3.3% yield. Analyst sentiment remains cautious, with an average “Reduce” rating and a consensus price target of $108.93.

Two Sigma Securities LLC acquired a new stake in Consolidated Edison Inc (NYSE:ED - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 15,093 shares of the utilities provider's stock, valued at approximately $1,670,000.

Other hedge funds have also made changes to their positions in the company. Revolve Wealth Partners LLC raised 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 worth $332,000 after purchasing an additional 441 shares in the last quarter. Empowered Funds LLC lifted its position in Consolidated Edison by 42.1% in the first quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider's stock worth $993,000 after purchasing an additional 2,659 shares during the period. Woodline Partners LP boosted its stake in Consolidated Edison by 40.7% during the 1st quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider's stock valued at $3,237,000 after purchasing an additional 8,468 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Consolidated Edison during the 2nd quarter valued at $3,256,000. Finally, Baird Financial Group Inc. increased its position in shares of Consolidated Edison by 2.1% during the 2nd quarter. Baird Financial Group Inc. now owns 14,679 shares of the utilities provider's stock valued at $1,473,000 after purchasing an additional 296 shares during the period. Institutional investors and hedge funds own 66.29% of the company's stock.

Consolidated Edison Trading Down 0.1%

Consolidated Edison stock opened at $107.40 on Monday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27. The firm has a market cap of $39.72 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 2.73 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. The firm's 50 day moving average price is $109.99 and its two-hundred day moving average price is $109.90.

Consolidated Edison (NYSE:ED - Get Free Report) last announced 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. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%.The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, research analysts predict that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

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 given a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.3%. Consolidated Edison's payout ratio is 58.29%.

Analyst Upgrades and Downgrades

ED has been the topic of a number of research reports. Evercore reissued a "positive" rating and issued a $112.00 price objective on shares of Consolidated Edison in a research note on Monday, August 17th. 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. Morgan Stanley lowered their target price on Consolidated Edison from $105.00 to $101.00 and set an "underweight" rating on the stock in a report on Friday, August 21st. Weiss Ratings reiterated a "buy (b)" rating on shares of Consolidated Edison in a research report on Tuesday, July 21st. Finally, Mizuho set a $114.00 price target on shares of Consolidated Edison in a report on Monday, July 27th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $108.93.

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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