Consolidated Edison Inc $ED Stock Bought by NFSG Corp

NFSG Corp boosted its holdings in shares of Consolidated Edison Inc (NYSE:ED) by 265.3% during the third quarter, Holdings Channel reports. The firm owned 8,998 shares of the utilities provider’s stock after acquiring an additional 6,535 shares during the quarter. NFSG Corp’s holdings in Consolidated Edison were worth $920,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Activest Wealth Management raised its holdings in shares of Consolidated Edison by 77.3% during the third quarter. Activest Wealth Management now owns 250 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 109 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Consolidated Edison by 6.4% in the third quarter. V Square Quantitative Management LLC now owns 11,349 shares of the utilities provider’s stock worth $1,160,000 after acquiring an additional 683 shares during the period. Assenagon Asset Management S.A. lifted its stake in Consolidated Edison by 308.8% in the third quarter. Assenagon Asset Management S.A. now owns 127,506 shares of the utilities provider’s stock worth $13,032,000 after acquiring an additional 96,316 shares during the period. Charles Schwab Trust Co boosted its holdings in Consolidated Edison by 2.3% in the third quarter. Charles Schwab Trust Co now owns 4,400 shares of the utilities provider’s stock valued at $450,000 after acquiring an additional 100 shares in the last quarter. Finally, WealthPlan Investment Management LLC bought a new stake in Consolidated Edison in the third quarter valued at $244,000. Institutional investors own 66.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on ED shares. Morgan Stanley reduced their price objective on shares of Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, September 18th. Evercore reaffirmed a “positive” rating and issued a $112.00 target price on shares of Consolidated Edison in a research report on Monday, August 17th. Barclays cut their target price on shares of Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating on the stock in a research note on Friday, August 7th. Wells Fargo & Company lifted their target price 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. Finally, KeyCorp reduced their price target on shares of Consolidated Edison from $94.00 to $87.00 and set an “underweight” rating on the stock in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $107.73.

Consolidated Edison Stock Up 0.2%

Shares of NYSE:ED opened at $109.79 on Friday. 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 $40.61 billion, a P/E ratio of 18.03, a P/E/G ratio of 3.79 and a beta of 0.26. The stock has a 50 day moving average price of $106.40 and a 200-day moving average price of $108.46. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27.

Consolidated Edison (NYSE:ED) last released its earnings results 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 analysts’ expectations of $3.60 billion. During the same quarter last year, the business posted $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities research analysts anticipate that Consolidated Edison Inc will post 6.10 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, November 18th will be issued a $0.8875 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $3.55 dividend on an annualized basis and a yield of 3.2%. Consolidated Edison’s dividend payout ratio is 58.29%.

Consolidated Edison News Roundup

Here are the key news stories impacting Consolidated Edison this week:

• Positive Sentiment: Dividend reaffirmed: Con Edison declared a quarterly common-stock dividend of $0.8875 per share, payable December 15 to shareholders of record on November 18. The announcement reinforces ED’s income appeal and signals continued confidence in cash-flow stability. Con Edison Declares Common Stock Dividend
• Positive Sentiment: Long-term earnings estimates edged higher: KeyCorp raised its EPS forecasts for fiscal 2027 through 2030, including a $7.87 estimate for 2030 versus $7.77 previously. These revisions suggest some improvement in the analyst’s longer-term earnings outlook, although the firm still rates ED “Underweight.” KeyCorp Consolidated Edison Estimates
• Neutral Sentiment: Third-quarter earnings are approaching: Con Edison will report its third-quarter 2026 results after the market closes on November 5. Investors will focus on utility demand, regulatory recovery and management’s outlook relative to the company’s full-year EPS guidance of $6.00–$6.20. Con Edison to Report Third-Quarter 2026 Earnings
• Negative Sentiment: Analyst target-price cuts signal valuation concerns: Goldman Sachs lowered its price target to $102 from $106. KeyCorp also cut its Q3 EPS estimate to $2.05 from $2.24 and maintains an “Underweight” rating with an $87 target, well below recent trading levels. Goldman Sachs Adjusts Con Edison Price Target
• Negative Sentiment: Political and regulatory scrutiny is increasing: New York officials are challenging aspects of Con Edison’s billing and rate structure as policymakers seek to reduce high customer electricity costs. Such pressure could limit future rate increases or raise uncertainty around allowed returns. New York City Challenges Con Ed Bill Plan

About Consolidated Edison

Consolidated Edison, Inc is an energy delivery company headquartered in New York. Through its principal subsidiary, Consolidated Edison Company of New York, Inc, the company provides electric, natural gas and steam service to customers in New York City and Westchester County.

Consolidated Edison also owns Orange and Rockland Utilities, Inc, which delivers electricity and natural gas in parts of southeastern New York, northern New Jersey and northeastern Pennsylvania. Its utility operations include the generation, transmission, distribution and delivery of energy, as well as the operation and maintenance of related infrastructure.

With roots tracing to the New York Gas Light Company, established in 1823, Consolidated Edison has developed into one of the United States’ largest investor-owned energy-delivery companies.