33,146 Shares in Consolidated Edison Inc $ED Purchased by SteelPeak Wealth LLC

Posted by Brian Himes on Jul 17th, 2026

SteelPeak Wealth LLC acquired a new position in Consolidated Edison Inc (NYSE:ED – Free Report) during the 1st quarter, HoldingsChannel reports. The fund acquired 33,146 shares of the utilities provider’s stock, valued at approximately $3,751,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ED. Basepoint Wealth LLC purchased a new stake in shares of Consolidated Edison during the 4th quarter worth approximately $26,000. JPL Wealth Management LLC bought a new stake in shares of Consolidated Edison in the 3rd quarter worth approximately $26,000. Aventura Private Wealth LLC purchased a new position in Consolidated Edison in the fourth quarter valued at approximately $27,000. Westfuller Advisors LLC purchased a new position in Consolidated Edison in the fourth quarter valued at approximately $27,000. Finally, Sachetta LLC grew its holdings in Consolidated Edison by 72.9% during the first quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 102 shares during the period. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Edison Price Performance

Consolidated Edison stock opened at $112.21 on Friday. Consolidated Edison Inc has a one year low of $94.96 and a one year high of $116.23. The business has a fifty day moving average price of $108.37 and a 200-day moving average price of $108.56. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.19 and a quick ratio of 1.09. The firm has a market capitalization of $41.35 billion, a P/E ratio of 18.89, a PEG ratio of 2.80 and a beta of 0.27.

Consolidated Edison Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Wednesday, August 19th will be issued a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.55 dividend on an annualized basis and a yield of 3.2%. Consolidated Edison’s dividend payout ratio is 59.76%.

Analysts Set New Price Targets

A number of analysts have issued reports on ED shares. Evercore set a $116.00 target price on Consolidated Edison in a research report on Monday, May 11th. KeyCorp increased their price target on Consolidated Edison from $96.00 to $97.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 21st. Barclays lowered their price objective on Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating on the stock in a research note on Monday, May 11th. Argus set a $112.00 target price on shares of Consolidated Edison in a research note on Tuesday, June 23rd. Finally, Weiss Ratings raised shares of Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $108.07.

Check Out Our Latest Analysis on ED

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.