Consolidated Edison Inc $ED Shares Sold by Axiom Investment Management LLC

Axiom Investment Management LLC decreased its stake in Consolidated Edison Inc (NYSE:ED) by 80.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,066 shares of the utilities provider’s stock after selling 8,654 shares during the period. Axiom Investment Management LLC’s holdings in Consolidated Edison were worth $211,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PFS Partners LLC grew its position in shares of Consolidated Edison by 12.2% during the 3rd quarter. PFS Partners LLC now owns 836 shares of the utilities provider’s stock worth $85,000 after buying an additional 91 shares during the period. Cornerstone Financial Management LLC increased its stake in shares of Consolidated Edison by 43.2% in the 2nd quarter. Cornerstone Financial Management LLC now owns 318 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 96 shares during the last quarter. Charles Schwab Trust Co increased its stake in shares of Consolidated Edison by 2.3% in the 3rd 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 during the last quarter. Compass Financial Management LLC increased its stake in shares of Consolidated Edison by 18.9% in the 3rd quarter. Compass Financial Management LLC now owns 636 shares of the utilities provider’s stock valued at $65,000 after acquiring an additional 101 shares during the last quarter. Finally, Sachetta LLC raised its position in shares of Consolidated Edison by 72.9% in the 1st 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. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Stock Down 2.4%

NYSE:ED opened at $118.56 on Friday. Consolidated Edison Inc has a 1 year low of $94.96 and a 1 year high of $122.75. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 1.04. The stock has a market cap of $43.85 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 4.10 and a beta of 0.23. The stock has a 50-day moving average price of $108.92 and a two-hundred day moving average price of $109.35.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Thursday, November 5th. The utilities provider reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.04. The company had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.75 billion. Consolidated Edison had a return on equity of 8.68% and a net margin of 12.70%. During the same period in the prior year, the company earned $1.90 earnings per share. As a group, equities analysts expect that Consolidated Edison Inc will post 6.10 earnings per share for the current year.

Consolidated Edison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Wednesday, November 18th will be given a $0.8875 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $3.55 annualized dividend and a dividend yield of 3.0%. Consolidated Edison’s payout ratio is currently 56.80%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Royal Bank Of Canada reduced their price objective on shares of Consolidated Edison from $110.00 to $109.00 in a research note on Monday, October 26th. Wells Fargo & Company boosted their price objective on shares of Consolidated Edison from $118.00 to $134.00 and gave the company an “overweight” rating in a report on Friday. Barclays upped their target price on shares of Consolidated Edison from $106.00 to $108.00 and gave the company an “underweight” rating in a research note on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Consolidated Edison in a report on Monday, October 19th. Finally, Mizuho set a $108.00 price target on shares of Consolidated Edison in a research report on Wednesday, October 7th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $109.74.

More Consolidated Edison News

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

• Positive Sentiment: Con Edison reported adjusted Q3 EPS of $2.07, up from $1.90 a year earlier, and revenue of $4.91 billion, above the cited $4.75 billion consensus. Some estimates vary slightly: one Zacks report characterized EPS as a narrow miss. Con Edison reports 2026 third-quarter earnings
• Positive Sentiment: Wells Fargo raised its price target to $134 from $118 and upgraded ED to “overweight.” Mizuho also lifted its target, to $124 from $108. Wells Fargo price-target update Mizuho price-target update
• Neutral Sentiment: FY 2026 EPS guidance is $6.05–$6.15, bracketing the $6.11 consensus. The range supports expectations near consensus, though its narrower span leaves less room for an upside surprise. Q3 earnings and guidance
• Negative Sentiment: Barclays raised its target only slightly, from $106 to $108, while retaining an “underweight” rating—still implying downside from the cited share price. Barclays rating and target
• Negative Sentiment: The company outlined $38 billion in planned investments, raising potential financing and shareholder-dilution concerns that could offset the appeal of earnings growth. Q3 earnings, guidance, and investment risks

About Consolidated Edison

Consolidated Edison, Inc is an energy holding company whose principal business is delivering electricity, natural gas and steam through regulated utility subsidiaries. Its services include generating, transmitting and distributing energy to residential, commercial and industrial customers.

Its largest subsidiary, Consolidated Edison Company of New York, serves customers in New York City and Westchester County. Orange and Rockland Utilities serves parts of southeastern New York and northern New Jersey.

The company’s roots trace back to New York Gas Light Company, founded in 1823.