Consolidated Edison Inc (NYSE:ED) Stock Has Average Price Target of $108.67 According to Analysts

Consolidated Edison Inc (NYSE:ED) has been given a consensus recommendation of “Reduce” by the fifteen analysts that are presently covering the stock, MarketBeat 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 twelve-month price target among brokerages that have issued a report on the stock in the last year is $108.67.

Several equities analysts have commented on ED shares. Morgan Stanley cut their price objective on Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, September 18th. Barclays lowered their target price on shares of Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday, August 7th. KeyCorp cut their price target 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. Argus set a $112.00 price target on shares of Consolidated Edison in a research note on Tuesday, June 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Consolidated Edison in a report on Tuesday, July 21st.

Institutional Trading of Consolidated Edison

A number of large investors have recently modified their holdings of the company. Aberdeen Wealth Management LLC bought a new stake in Consolidated Edison during the 2nd quarter valued at $27,000. Sachetta LLC grew its position in shares of Consolidated Edison by 72.9% during the 1st quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock worth $27,000 after buying an additional 102 shares in the last quarter. Basepoint Wealth LLC purchased a new position in shares of Consolidated Edison during the fourth quarter valued at $26,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Consolidated Edison during the second quarter valued at $30,000. Finally, Cornerstone Financial Management LLC raised its holdings in shares of Consolidated Edison by 43.2% in the second quarter. Cornerstone Financial Management LLC now owns 318 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Consolidated Edison Stock Down 0.8%

Shares of NYSE ED opened at $102.47 on Friday. Consolidated Edison has a 1 year low of $94.96 and a 1 year high of $116.23. The firm has a 50-day simple moving average of $107.34 and a two-hundred day simple moving average of $108.92. The company has a market cap of $37.90 billion, a P/E ratio of 16.83, a PEG ratio of 3.58 and a beta of 0.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17.

Consolidated Edison (NYSE:ED) last released its 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. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%.The firm had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.60 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts anticipate that Consolidated Edison will post 6.1 earnings per share for the current year.

Consolidated Edison Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Wednesday, August 19th were given a dividend of $0.8875 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.5%. Consolidated Edison’s dividend payout ratio (DPR) is 58.29%.

Consolidated Edison Company Profile

Consolidated Edison, Inc is an energy delivery company headquartered in New York. Through its principal subsidiary, Consolidated Edison Company of New York, Inc, the company provides electric, natural gas and steam service to customers in New York City and Westchester County.

Consolidated Edison also owns Orange and Rockland Utilities, Inc, which delivers electricity and natural gas in parts of southeastern New York, northern New Jersey and northeastern Pennsylvania. Its utility operations include the generation, transmission, distribution and delivery of energy, as well as the operation and maintenance of related infrastructure.

With roots tracing to the New York Gas Light Company, established in 1823, Consolidated Edison has developed into one of the United States’ largest investor-owned energy-delivery companies.