Patrick Mauro Investment Advisor INC. Buys Shares of 4,885 Consolidated Edison Inc $ED

Posted by Brenda Bartman on Aug 20th, 2026

Patrick Mauro Investment Advisor INC. bought a new stake in shares of Consolidated Edison Inc (NYSE:ED – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,885 shares of the utilities provider’s stock, valued at approximately $540,000.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Consolidated Edison by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 45,636,041 shares of the utilities provider’s stock worth $4,532,572,000 after acquiring an additional 461,108 shares in the last quarter. BlackRock Inc. bought a new position in shares of Consolidated Edison during the second quarter valued at $4,609,491,000. State Street Corp increased its holdings in shares of Consolidated Edison by 3.6% during the fourth quarter. State Street Corp now owns 24,905,440 shares of the utilities provider’s stock valued at $2,473,608,000 after acquiring an additional 854,868 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Consolidated Edison by 14.8% in the 1st quarter. Lazard Asset Management LLC now owns 7,075,838 shares of the utilities provider’s stock worth $800,843,000 after purchasing an additional 910,244 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in Consolidated Edison in the 2nd quarter worth about $749,184,000. 66.29% of the stock is owned by institutional investors.

Consolidated Edison Price Performance

ED opened at $108.04 on Thursday. The company’s 50-day simple moving average is $109.96 and its two-hundred day simple moving average is $109.89. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27. The stock has a market capitalization of $39.96 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.83 and a beta of 0.27. Consolidated Edison Inc has a 52-week low of $94.96 and a 52-week high of $116.23.

Consolidated Edison (NYSE:ED – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.60 billion. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. During the same period in the previous year, the business posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, analysts predict that Consolidated Edison Inc will post 6.09 EPS for the current year.

Consolidated Edison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Wednesday, August 19th will be given a $0.8875 dividend. This represents a $3.55 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 19th. Consolidated Edison’s dividend payout ratio (DPR) is presently 58.29%.

Analysts Set New Price Targets

ED has been the topic of several recent analyst reports. KeyCorp cut their price objective on shares of Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating on the stock in a research report on Thursday, July 23rd. Mizuho set a $114.00 target price on shares of Consolidated Edison in a report on Monday, July 27th. Morgan Stanley reiterated an “underweight” rating on shares of Consolidated Edison in a research note on Wednesday, July 22nd. Argus set a $112.00 price target on shares of Consolidated Edison in a report on Tuesday, June 23rd. Finally, Barclays decreased their price objective on shares of Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating for the company in a report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $108.80.

Check Out Our Latest Research Report on Consolidated Edison

Consolidated Edison Company Profile

(Free Report)

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.