Consolidated Edison Inc $ED Stock Purchased by NFSG Corp

NFSG Corp grew its holdings in shares of Consolidated Edison Inc (NYSE:ED) by 265.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Aberdeen Wealth Management LLC bought a new position in shares of Consolidated Edison in the second quarter worth approximately $27,000. Sachetta LLC raised 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 purchasing an additional 102 shares in the last quarter. Activest Wealth Management raised its stake in Consolidated Edison by 77.3% in the third quarter. Activest Wealth Management now owns 250 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 109 shares in the last quarter. Keating Financial Advisory Services Inc. bought a new stake in Consolidated Edison during the second quarter valued at approximately $30,000. Finally, GoalVest Advisory LLC lifted its position in Consolidated Edison by 80.0% during the third quarter. GoalVest Advisory LLC now owns 306 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Consolidated Edison News Summary

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

Analyst Upgrades and Downgrades

A number of research firms have commented on ED. Barclays cut their price target on shares of Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday, August 7th. Evercore restated a “positive” rating and set 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Consolidated Edison in a research note on Tuesday, July 21st. Finally, KeyCorp cut their price objective on shares of Consolidated Edison from $94.00 to $87.00 and set an “underweight” rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $107.73.

Consolidated Edison Trading Up 0.2%

Shares of ED stock opened at $109.79 on Friday. The business has a 50-day moving average of $106.40 and a 200 day moving average of $108.46. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $116.23. The stock has a market capitalization of $40.61 billion, a PE ratio of 18.03, a P/E/G ratio of 3.79 and a beta of 0.26.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.60 billion. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%. During the same period in the previous year, the firm earned $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, sell-side analysts anticipate that Consolidated Edison Inc will post 6.10 earnings per share for the current year.

Consolidated Edison Dividend Announcement

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

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.