Consolidated Edison, Inc. (ED) reported second-quarter 2026 net income for common stock of $308 million, or $0.83 per basic share, compared with $246 million, or $0.68 per share, in the 2025 second quarter.
For the first six months of 2026, net income for common stock was $1.232 billion, or $3.37 per share, compared with $1.038 billion, or $2.93 per share, a year earlier. The company reaffirmed its 2026 adjusted earnings per share guidance range of $6.00 to $6.20.
- Second-quarter adjusted earnings were $308 million, or $0.83 per share, compared with $240 million, or $0.67 per share, in the prior-year quarter.
- First-half adjusted earnings were $1.098 billion, or $3.00 per share, compared with $1.032 billion, or $2.91 per share, in the 2025 period.
- CEO Tim Cawley cited electric service reliability, infrastructure investments and system resilience efforts.
- CFO Kirk Andrews said year-to-date results continue to be in line with expectations.
- The company said it expects to have 28 new substations in service by 2035.
$ED Insider Trading Activity
$ED insiders have traded $ED stock on the open market 4 times in the past 6 months. Of those trades, 2 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $ED stock by insiders over the last 6 months:
- WILLIAM J MULROW sold 7,912 shares for an estimated $892,552
- DENEEN L DONNLEY (SVP and General Counsel) sold 1,922 shares for an estimated $218,992
- JOSEPH MILLER (VP & Controller) has made 2 purchases buying 1 shares for an estimated $219 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$ED Hedge Fund Activity
We have seen 683 institutional investors add shares of $ED stock to their portfolio, and 490 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DEUTSCHE BANK AG\ added 2,180,221 shares (+60.3%) to their portfolio in Q1 2026, for an estimated $245,732,708
- AMUNDI added 1,543,069 shares (+66.2%) to their portfolio in Q1 2026, for an estimated $173,919,306
- VOLORIDGE INVESTMENT MANAGEMENT, LLC removed 664,924 shares (-87.5%) from their portfolio in Q1 2026, for an estimated $74,943,584
- CITADEL ADVISORS LLC added 636,770 shares (+62.2%) to their portfolio in Q1 2026, for an estimated $71,770,346
- FMR LLC added 624,024 shares (+57.0%) to their portfolio in Q1 2026, for an estimated $70,333,745
- DIAMANT ASSET MANAGEMENT, INC. removed 558,096 shares (-99.1%) from their portfolio in Q2 2026, for an estimated $61,742,160
- CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC removed 508,222 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $57,281,701
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
