Consolidated Edison Inc $ED Shares Purchased by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC boosted its stake in shares of Consolidated Edison Inc (NYSE:ED) by 38.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,983 shares of the utilities provider’s stock after acquiring an additional 5,834 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Consolidated Edison were worth $2,145,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. QRG Capital Management Inc. raised its position in shares of Consolidated Edison by 16.9% during the first quarter. QRG Capital Management Inc. now owns 204,989 shares of the utilities provider’s stock worth $23,201,000 after purchasing an additional 29,635 shares during the period. SteelPeak Wealth LLC bought a new position in shares of Consolidated Edison during the 1st quarter valued at about $3,751,000. SWS Partners bought a new position in shares of Consolidated Edison during the 2nd quarter valued at about $3,060,000. Nykredit A S acquired a new position in shares of Consolidated Edison in the 2nd quarter valued at approximately $23,566,000. Finally, Tidal Investments LLC grew its position in shares of Consolidated Edison by 75.5% in the 2nd quarter. Tidal Investments LLC now owns 35,439 shares of the utilities provider’s stock valued at $3,921,000 after purchasing an additional 15,243 shares during the period. Institutional investors and hedge funds own 66.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ED. Jefferies Financial Group reissued a “hold” rating and set a $105.00 target price on shares of Consolidated Edison in a research note on Tuesday, October 6th. KeyCorp cut their price target on shares of Consolidated Edison from $94.00 to $87.00 and set an “underweight” rating on the stock in a research note on Tuesday. Evercore reiterated a “positive” rating and issued a $112.00 price target on shares of Consolidated Edison in a report on Monday, August 17th. Mizuho set a $108.00 price target on shares of Consolidated Edison in a report on Wednesday, October 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Consolidated Edison in a research report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, Consolidated Edison has an average rating of “Reduce” and an average price target of $107.73.

Consolidated Edison Stock Performance

Shares of ED stock opened at $112.27 on Friday. The company’s fifty day simple moving average is $106.48 and its 200-day simple moving average is $108.48. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 1.04. The firm has a market cap of $41.52 billion, a PE ratio of 18.44, a P/E/G ratio of 3.89 and a beta of 0.26. Consolidated Edison Inc has a 12 month low of $94.96 and a 12 month high of $116.23.

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

Consolidated Edison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Wednesday, November 18th will be issued a $0.8875 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $3.55 annualized dividend and a dividend yield of 3.2%. Consolidated Edison’s dividend payout ratio (DPR) is presently 58.29%.

More Consolidated Edison News

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

• Positive Sentiment: Con Edison declared a quarterly dividend of $0.8875 per share, payable December 15, 2026, to shareholders of record November 18. The annualized payout is $3.55 per share, representing an approximately 3.2% yield and reinforcing ED’s appeal to income-focused investors. Con Edison declares common stock dividend
• Positive Sentiment: KeyCorp raised its fourth-quarter 2026 EPS estimate to $1.04 from $0.62, which could support near-term earnings sentiment. However, the firm still maintains an Underweight rating. KeyCorp earnings estimate update
• Neutral Sentiment: A dividend-focused investment article included ED among stocks considered capable of sustaining long-term payouts. The coverage may improve visibility among income investors, but it does not represent a new company announcement or change to earnings forecasts. Dividend stocks that could keep paying
• Negative Sentiment: KeyBanc reduced its price target for ED to $87 while retaining a negative stance. That target is substantially below the current trading level, signaling concern that the stock’s valuation may be stretched. KeyBanc cuts Consolidated Edison price target
• Negative Sentiment: KeyCorp reportedly cut its third-quarter earnings forecast, adding pressure to the company’s near-term earnings outlook despite the higher fourth-quarter estimate. Consolidated Edison Q3 earnings forecast cut
• Negative Sentiment: Goldman Sachs lowered its price target to $102 from $106, another indication that analysts see limited upside from current levels. Goldman Sachs adjusts Consolidated Edison price target

Consolidated Edison Profile

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.