Empowered Funds LLC Sells 9,618 Shares of Consolidated Edison Inc $ED

Empowered Funds LLC reduced its holdings in Consolidated Edison Inc (NYSE:ED) by 36.4% during the first quarter, Holdings Channel.com reports. The fund owned 16,776 shares of the utilities provider’s stock after selling 9,618 shares during the quarter. Empowered Funds LLC’s holdings in Consolidated Edison were worth $1,899,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Quantinno Capital Management LP lifted its position in Consolidated Edison by 47.8% in the 1st quarter. Quantinno Capital Management LP now owns 790,832 shares of the utilities provider’s stock worth $89,506,000 after buying an additional 255,706 shares during the last quarter. SummitTX Capital L.P. purchased a new position in shares of Consolidated Edison in the first quarter valued at about $6,874,000. Lazard Asset Management LLC raised its position in Consolidated Edison by 14.8% during the 1st quarter. Lazard Asset Management LLC now owns 7,075,838 shares of the utilities provider’s stock valued at $800,843,000 after purchasing an additional 910,244 shares during the last quarter. Gateway Wealth Partners LLC bought a new position in shares of Consolidated Edison during the first quarter valued at approximately $891,000. Finally, Quadcap Wealth Management LLC lifted its position in shares of Consolidated Edison by 164.6% in the 1st quarter. Quadcap Wealth Management LLC now owns 6,162 shares of the utilities provider’s stock worth $697,000 after purchasing an additional 3,833 shares during the period. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Consolidated Edison News Roundup

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

• Positive Sentiment: Second-quarter EPS was $0.83, exceeding analyst expectations of roughly $0.74–$0.76 and rising from $0.67 a year earlier. Net income increased to $308 million from $246 million. Consolidated Edison Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Revenue also beat estimates, while strong power demand helped drive the quarterly outperformance—an encouraging sign for Con Edison’s regulated utility operations. Consolidated Edison beats profit estimates on strong power demand
• Positive Sentiment: The earnings improvement was broad enough to support investor confidence: adjusted EPS also climbed to $0.83 from $0.67 in the prior-year quarter. Con Edison Reports 2026 Second Quarter Earnings
• Neutral Sentiment: Con Edison maintained fiscal 2026 EPS guidance of $6.00–$6.20, broadly centered on the analyst consensus estimate of $6.11. The range does not represent a material upward revision, limiting the potential upside from guidance alone.

Consolidated Edison Stock Up 0.2%

Shares of NYSE ED opened at $108.54 on Friday. The stock has a market capitalization of $40.00 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 2.81 and a beta of 0.27. Consolidated Edison Inc has a 12-month low of $94.96 and a 12-month high of $116.23. The firm’s 50-day moving average price is $109.43 and its 200-day moving average price is $109.67. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00.

Consolidated Edison (NYSE:ED) last issued 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 company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.60 billion. Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. During the same period in the prior year, the firm posted $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities research analysts anticipate that Consolidated Edison Inc will post 6.09 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Wednesday, August 19th will be paid a $0.8875 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.55 dividend on an annualized basis and a yield of 3.3%. Consolidated Edison’s payout ratio is 59.76%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ED. KeyCorp dropped their target price on shares of Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating on the stock in a report on Thursday, July 23rd. Barclays reduced their target price on Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating for the company in a report on Monday, May 11th. Morgan Stanley reissued an “underweight” rating on shares of Consolidated Edison in a report on Wednesday, July 22nd. Evercore set a $116.00 price objective on Consolidated Edison in a research report on Monday, May 11th. Finally, Wells Fargo & Company set a $98.00 price target on shares of Consolidated Edison in a research report on Tuesday, April 21st. Two 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 company. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $108.47.

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.