HighTower Advisors LLC Acquires 23,589 Shares of Consolidated Edison Inc $ED

HighTower Advisors LLC increased its stake in Consolidated Edison Inc (NYSE:ED) by 17.0% during the 3rd quarter, Holdings Channel reports. The firm owned 162,359 shares of the utilities provider’s stock after purchasing an additional 23,589 shares during the quarter. HighTower Advisors LLC’s holdings in Consolidated Edison were worth $16,320,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Consolidated Edison by 13.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,819 shares of the utilities provider’s stock worth $7,320,000 after buying an additional 8,562 shares during the last quarter. Bryce Point Capital LLC bought a new stake in shares of Consolidated Edison during the 3rd quarter worth $556,000. Sumitomo Mitsui Trust Group Inc. grew its position in Consolidated Edison by 3.0% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,028,686 shares of the utilities provider’s stock worth $103,404,000 after acquiring an additional 29,606 shares in the last quarter. Atlantic Union Bankshares Corp grew its position in Consolidated Edison by 46.7% in the second quarter. Atlantic Union Bankshares Corp now owns 3,714 shares of the utilities provider’s stock worth $373,000 after acquiring an additional 1,183 shares in the last quarter. Finally, Nuance Investments LLC bought a new position in Consolidated Edison in the third quarter valued at $4,017,000. 66.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John F. Killian sold 2,276 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $96.89, for a total transaction of $220,521.64. Following the completion of the transaction, the director directly owned 38,661 shares of the company’s stock, valued at approximately $3,745,864.29. This represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

Consolidated Edison Price Performance

Shares of Consolidated Edison stock opened at $111.86 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.08 and a quick ratio of 0.97. Consolidated Edison Inc has a one year low of $94.50 and a one year high of $115.25. The business’s 50 day simple moving average is $103.53 and its two-hundred day simple moving average is $100.88. The stock has a market capitalization of $40.37 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 3.04 and a beta of 0.38.

Consolidated Edison (NYSE:ED) last released its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. Consolidated Edison had a return on equity of 8.79% and a net margin of 12.27%.The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts forecast that Consolidated Edison Inc will post 5.62 EPS for the current year.

Consolidated Edison Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 18th will be given a $0.8875 dividend. The ex-dividend date is Wednesday, February 18th. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.85. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.2%. Consolidated Edison’s dividend payout ratio is presently 62.06%.

More Consolidated Edison News

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

• Positive Sentiment: Q4 results beat Street expectations — Con Edison reported EPS of $0.89 vs. the $0.84 consensus and revenue of $3.99B vs. $3.71B, showing stronger top-line demand for electric and gas services. Consolidated Edison (ED) Q4 Earnings and Revenues Top Estimates
• Positive Sentiment: Company raised FY‑2026 EPS guidance to $6.00–$6.20, above the prior consensus (~$5.88), signaling stronger forward earnings power that supports the stock’s upside. (Guidance announced with results)
• Positive Sentiment: Regulatory progress — investors were encouraged by a recent rate-case approval that improves revenue certainty heading into the new year, a near-term tailwind for utility cash flow. Consolidated Edison earnings on deck after rate case approval
• Neutral Sentiment: Company reported full‑year 2025 adjusted earnings of $5.70 per share (non‑GAAP), up from $5.40 in 2024 — a sign of underlying earnings growth but already reflected in forward guidance. CON EDISON REPORTS 2025 EARNINGS
• Neutral Sentiment: Quarterly write-ups and metric analysis: several outlets (Zacks, CT Post) dig into key operating metrics vs. estimates — useful for fundamentals checks but not a single catalyst. Con Ed (ED) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates Con Ed: Q4 Earnings Snapshot
• Negative Sentiment: Cost pressure flagged by Reuters — one report notes Consolidated Edison missed profit estimates due to higher operating and interest expenses, a risk to margins and near-term cash flow that may cap upside. Consolidated Edison misses quarterly profit estimates on higher operating and interest expenses

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Morgan Stanley reaffirmed an “underweight” rating and set a $96.00 price target on shares of Consolidated Edison in a research note on Wednesday, January 21st. Weiss Ratings restated a “buy (b-)” rating on shares of Consolidated Edison in a research report on Monday, December 29th. KeyCorp cut their target price on Consolidated Edison from $90.00 to $86.00 and set an “underweight” rating for the company in a research note on Friday, December 12th. Barclays decreased their price target on shares of Consolidated Edison from $101.00 to $100.00 and set an “underweight” rating on the stock in a research note on Thursday, January 22nd. Finally, UBS Group upped their price objective on shares of Consolidated Edison from $108.00 to $112.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, Consolidated Edison currently has a consensus rating of “Reduce” and an average price target of $104.20.

Consolidated Edison Company Profile

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.