Analysts Set Consolidated Edison Inc (NYSE:ED) Price Target at $107.79

Shares of Consolidated Edison Inc (NYSE:ED) have been assigned an average recommendation of “Reduce” from the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $107.7857.

ED has been the subject of several recent research reports. Morgan Stanley set a $99.00 target price on shares of Consolidated Edison in a research report on Thursday, May 21st. Bank of America reissued an “underperform” rating and issued a $104.00 target price on shares of Consolidated Edison in a research report on Wednesday, February 25th. Wells Fargo & Company set a $98.00 price objective on shares of Consolidated Edison in a report on Tuesday, April 21st. KeyCorp upped their price objective on shares of Consolidated Edison from $96.00 to $97.00 and gave the stock an “underweight” rating in a report on Tuesday, April 21st. Finally, TD Cowen upped their price objective on shares of Consolidated Edison from $105.00 to $112.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th.

Consolidated Edison Stock Performance

ED stock opened at $106.81 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $39.36 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 2.70 and a beta of 0.27. Consolidated Edison has a 12 month low of $94.96 and a 12 month high of $116.23. The firm has a 50 day moving average of $107.68 and a two-hundred day moving average of $106.81.

Consolidated Edison (NYSE:ED) last posted its earnings results on Thursday, May 7th. The utilities provider reported $2.18 EPS for the quarter, missing the consensus estimate of $2.28 by ($0.10). The business 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 firm earned $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts anticipate that Consolidated Edison will post 6.09 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

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

Institutional Trading of Consolidated Edison

Several large investors have recently modified their holdings of ED. Revolve Wealth Partners LLC boosted its holdings in shares of Consolidated Edison by 13.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider’s stock worth $332,000 after buying an additional 441 shares during the period. Empowered Funds LLC boosted its holdings in shares of Consolidated Edison by 42.1% during the 1st quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider’s stock worth $993,000 after buying an additional 2,659 shares during the period. Woodline Partners LP boosted its holdings in shares of Consolidated Edison by 40.7% during the 1st quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider’s stock worth $3,237,000 after buying an additional 8,468 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of Consolidated Edison during the 2nd quarter worth $3,256,000. Finally, Baird Financial Group Inc. boosted its holdings in shares of Consolidated Edison by 2.1% during the 2nd quarter. Baird Financial Group Inc. now owns 14,679 shares of the utilities provider’s stock worth $1,473,000 after buying an additional 296 shares during the period. 66.29% of the stock is owned by institutional investors.

Consolidated Edison Company Profile

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.