Consolidated Edison Trading Volume Plummets to 409th Position Amid Stock Price Decline

On June 18, 2025, Consolidated Edison (ED) experienced a significant decline in trading volume, with a total of 1.92 billion shares traded, marking a 33.35% decrease from the previous day. This placed ED at the 409th position in terms of trading volume for the day. The stock price of ED also decreased by 0.61%, marking the third consecutive day of decline, with a total decrease of 3.11% over the past three days.

Morgan Stanley recently adjusted its target price for Consolidated Edison, lowering it from $93.00 to $92.00 and maintaining an "underweight" rating on the stock. This adjustment reflects the firm's cautious outlook on the company's future performance.

Dynamic Advisor Solutions LLC reduced its holdings in Consolidated Edison by 2.4% during the first quarter, selling 166 shares and retaining 6,851 shares valued at $758,000. This reduction in holdings indicates a shift in the fund's investment strategy regarding the utilities provider.

Several other hedge funds have also made adjustments to their positions in Consolidated Edison. Jacobi Capital Management LLC increased its holdings by 4.2%, now owning 2,569 shares worth $229,000. Glen Eagle Advisors LLC raised its holdings by 6.2%, owning 1,902 shares valued at $170,000. Richwood Investment Advisors LLC increased its holdings by 2.3%, now owning 5,194 shares worth $463,000. Integrated Advisors Network LLC raised its holdings by 1.6%, owning 7,842 shares valued at $867,000. Penobscot Investment Management Company Inc. increased its holdings by 5.7%, now owning 2,300 shares worth $205,000. Institutional investors currently own 66.29% of the stock.

Scotiabank raised its price target for Consolidated Edison from $100.00 to $101.00 and maintained a “sector perform” rating. KeyCorp downgraded the stock from a “sector weight” rating to an “underweight” rating and set a $90.00 price target. Citigroup increased its price target from $116.00 to $120.00 and gave the company a “buy” rating. Wells Fargo & Company raised its price target from $103.00 to $114.00 and maintained an “equal weight” rating. Morgan Stanley decreased its price objective from $94.00 to $93.00 and set an “underweight” rating. The consensus rating for Consolidated Edison is “Hold” with an average target price of $104.27.

Consolidated Edison recently announced a quarterly dividend of $0.85 per share, paid on June 16th. This represents an annualized dividend of $3.40 and a dividend yield of 3.36%. The ex-dividend date was May 14th, and the dividend payout ratio is currently 62.85%.

Consolidated Edison, Inc. operates through its subsidiaries in the regulated electric, gas, and steam delivery businesses in the United States. The company provides electric services to approximately 3.7 million customers in New York City and Westchester County, gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County, and steam to approximately 1,530 customers in parts of Manhattan.