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

HighTower Advisors LLC lifted its stake in shares of Consolidated Edison Inc (NYSE:ED) by 17.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 162,359 shares of the utilities provider’s stock after acquiring an additional 23,589 shares during the period. 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 large investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. grew its position in Consolidated Edison by 13.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 72,819 shares of the utilities provider’s stock valued at $7,320,000 after buying an additional 8,562 shares during the period. Bryce Point Capital LLC bought a new stake in Consolidated Edison in the third quarter worth about $556,000. Sumitomo Mitsui Trust Group Inc. boosted its stake 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 valued at $103,404,000 after acquiring an additional 29,606 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in shares of Consolidated Edison by 46.7% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 3,714 shares of the utilities provider’s stock valued at $373,000 after acquiring an additional 1,183 shares during the period. Finally, Nuance Investments LLC purchased a new stake in shares of Consolidated Edison during the 3rd quarter worth approximately $4,017,000. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Morgan Stanley reiterated an “underweight” rating and issued a $96.00 price objective on shares of Consolidated Edison in a research note on Wednesday, January 21st. UBS Group upped their price target on Consolidated Edison from $108.00 to $112.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. cut their price target on Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating for the company in a research note on Friday, December 12th. Weiss Ratings restated a “buy (b-)” rating on shares of Consolidated Edison in a research note on Monday, December 29th. Finally, Wells Fargo & Company dropped their price objective on shares of Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $104.20.

Consolidated Edison Stock Performance

NYSE:ED opened at $111.86 on Friday. The business’s fifty day moving average is $103.53 and its 200 day moving average is $100.88. The firm has a market cap of $40.37 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 3.04 and a beta of 0.38. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.97 and a current ratio of 1.08. Consolidated Edison Inc has a 52-week low of $94.50 and a 52-week high of $115.25.

Consolidated Edison (NYSE:ED) last posted its earnings results 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 business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. The company’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. Research analysts predict that Consolidated Edison Inc will post 5.62 EPS for the current year.

Consolidated Edison Increases Dividend

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

Key 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

Insider Buying and Selling

In other news, Director John F. Killian sold 2,276 shares of the business’s stock in a transaction on 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 in the company, valued at $3,745,864.29. The trade was a 5.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is currently owned by insiders.

Consolidated Edison 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.