Clear Harbor Asset Management LLC Buys New Position in Consolidated Edison Inc $ED

Posted by Brenda Bartman on Aug 24th, 2026

Clear Harbor Asset Management LLC 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 fund bought 7,580 shares of the utilities provider’s stock, valued at approximately $839,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ED. Sachetta LLC raised its position in shares of Consolidated Edison by 72.9% during the 1st quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock valued at $27,000 after buying an additional 102 shares in the last quarter. JPL Wealth Management LLC bought a new position in Consolidated Edison in the third quarter valued at $26,000. Basepoint Wealth LLC purchased a new stake in Consolidated Edison during the fourth quarter valued at about $26,000. Keating Financial Advisory Services Inc. bought a new stake in Consolidated Edison during the second quarter worth about $30,000. Finally, Turning Point Benefit Group Inc. bought a new stake in Consolidated Edison during the third quarter worth about $32,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Consolidated Edison Stock Up 0.2%

Shares of Consolidated Edison stock opened at $106.52 on Monday. The stock has a market capitalization of $39.39 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 2.76 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. 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 company’s 50 day moving average price is $109.96 and its 200-day moving average price is $109.91.

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

Consolidated Edison Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently commented on ED. Argus set a $112.00 price objective on Consolidated Edison in a research report on Tuesday, June 23rd. Morgan Stanley dropped their target price on Consolidated Edison from $105.00 to $101.00 and set an “underweight” rating for the company in a research report on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Consolidated Edison in a research note on Tuesday, July 21st. Barclays reduced their price target on shares of Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating on the stock in a research report on Friday, August 7th. Finally, Wells Fargo & Company boosted their price objective on shares of Consolidated Edison from $106.00 to $108.00 and gave the stock an “equal weight” rating 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $108.93.

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Consolidated Edison 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.