O Shaughnessy Asset Management LLC Raises Stock Position in Consolidated Edison Inc $ED

Posted by Brenda Bartman on Jun 11th, 2026

O Shaughnessy Asset Management LLC increased its stake in Consolidated Edison Inc (NYSE:ED – Free Report) by 8.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,681 shares of the utilities provider’s stock after purchasing an additional 7,345 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Consolidated Edison were worth $9,304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. 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 purchasing an additional 461,108 shares during the last quarter. State Street Corp boosted its holdings in Consolidated Edison by 0.3% in the third quarter. State Street Corp now owns 24,050,572 shares of the utilities provider’s stock worth $2,417,563,000 after purchasing an additional 63,346 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Consolidated Edison by 121,543.9% in the third quarter. Lazard Asset Management LLC now owns 5,960,553 shares of the utilities provider’s stock worth $599,155,000 after purchasing an additional 5,955,653 shares during the last quarter. Norges Bank purchased a new stake in Consolidated Edison in the fourth quarter worth approximately $489,806,000. Finally, Legal & General Group Plc increased its holdings in Consolidated Edison by 1.1% during the fourth quarter. Legal & General Group Plc now owns 4,399,844 shares of the utilities provider’s stock valued at $436,993,000 after buying an additional 48,314 shares during the last quarter. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Wall Street Analyst Weigh In

ED has been the topic of several recent research reports. Weiss Ratings upgraded shares of Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. raised their target price on Consolidated Edison from $107.00 to $113.00 and gave the stock an “underweight” rating in a report on Thursday, March 12th. Evercore set a $116.00 target price on Consolidated Edison in a report on Monday, May 11th. Morgan Stanley set a $99.00 target price on Consolidated Edison in a report on Thursday, May 21st. Finally, TD Cowen raised their target price on Consolidated Edison from $105.00 to $112.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $107.79.

Check Out Our Latest Stock Report on Consolidated Edison

Consolidated Edison Price Performance

Shares of Consolidated Edison stock opened at $107.67 on Thursday. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $116.23. The stock’s fifty day moving average is $108.84 and its 200 day moving average is $106.36. The stock has a market cap of $39.68 billion, a P/E ratio of 18.13, a P/E/G ratio of 2.70 and a beta of 0.27. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19.

Consolidated Edison (NYSE:ED – Get Free Report) last announced its earnings results on Thursday, May 7th. The utilities provider reported $2.18 EPS for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.10). The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.During the same period in the prior year, the business posted $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts anticipate that Consolidated Edison Inc will post 6.09 earnings per share for the current year.

Consolidated Edison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 13th will be issued a $0.8875 dividend. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $3.55 annualized dividend and a yield of 3.3%. Consolidated Edison’s dividend payout ratio is currently 59.76%.

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.