Consolidated Edison Inc (NYSE:ED) Receives $108.93 Consensus PT from Brokerages

Consolidated Edison Inc (NYSE:ED) has been given an average rating of “Reduce” by the fifteen brokerages that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $108.9333.

ED has been the topic of a number of analyst reports. KeyCorp lowered their target price on shares of Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating on the stock in a report on Thursday, July 23rd. Wells Fargo & Company lifted their price target on Consolidated Edison from $106.00 to $108.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Mizuho set a $114.00 price objective on Consolidated Edison in a research note on Monday, July 27th. Argus set a $112.00 price objective on Consolidated Edison in a research note on Tuesday, June 23rd. Finally, Morgan Stanley dropped their price objective on Consolidated Edison from $105.00 to $101.00 and set an “underweight” rating on the stock in a report on Friday, August 21st.

Institutional Investors Weigh In On Consolidated Edison

Institutional investors and hedge funds have recently modified their holdings of the company. Aberdeen Wealth Management LLC bought a new stake in Consolidated Edison during the 2nd quarter worth approximately $27,000. Sachetta LLC lifted its stake in Consolidated Edison by 72.9% in the 1st quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 102 shares in the last quarter. JPL Wealth Management LLC bought a new position in Consolidated Edison in the 3rd quarter valued at $26,000. Basepoint Wealth LLC purchased a new position in shares of Consolidated Edison during the 4th quarter valued at $26,000. Finally, Keating Financial Advisory Services Inc. bought a new position in shares of Consolidated Edison in the second quarter worth $30,000. 66.29% of the stock is owned by hedge funds and other institutional investors.

Consolidated Edison Price Performance

ED opened at $108.68 on Tuesday. The company has a market capitalization of $40.19 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 3.73 and a beta of 0.27. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average price of $109.87 and a 200-day moving average price of $109.82. Consolidated Edison has a twelve month low of $94.96 and a twelve month high of $116.23.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The company 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 period in the prior year, the company posted $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts expect that Consolidated Edison will post 6.1 EPS for the current year.

Consolidated Edison Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.8875 per share. The ex-dividend date is Wednesday, August 19th. This represents a $3.55 annualized dividend and a dividend yield of 3.3%. Consolidated Edison’s dividend payout ratio is currently 58.29%.

About Consolidated Edison

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.