Consolidated Edison (NYSE:ED) Sets New 52-Week High – Should You Buy?

Shares of Consolidated Edison Inc (NYSE:ED) hit a new 52-week high during trading on Thursday. The stock traded as high as $116.36 and last traded at $116.2920, with a volume of 2,329,091 shares trading hands. The stock had previously closed at $111.82.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ED shares. KeyCorp lowered their target price on shares of Consolidated Edison from $94.00 to $87.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 13th. Morgan Stanley cut their price target on Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating for the company in a research note on Friday, September 18th. Wells Fargo & Company increased their price target on Consolidated Edison from $106.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Evercore reissued a “positive” rating and set a $112.00 price target on shares of Consolidated Edison in a report on Monday, August 17th. Finally, Barclays lowered their price objective on Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating on the stock in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $107.50.

Consolidated Edison Stock Performance

The stock has a market cap of $43.01 billion, a P/E ratio of 19.10, a PEG ratio of 3.88 and a beta of 0.26. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17. The firm’s 50-day moving average price is $106.89 and its 200-day moving average price is $108.39.

Consolidated Edison (NYSE:ED) last issued its earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.60 billion. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. During the same quarter in the prior year, the business earned $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts expect that Consolidated Edison Inc will post 6.10 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, November 18th will be issued a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, November 18th. Consolidated Edison’s dividend payout ratio is 58.29%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ED. MBL Wealth LLC purchased a new stake in shares of Consolidated Edison in the 3rd quarter worth approximately $239,000. Curry Webb Wealth Management LLC bought a new position in shares of Consolidated Edison during the third quarter valued at approximately $89,000. Brookstone Capital Management boosted its stake in shares of Consolidated Edison by 4.4% during the third quarter. Brookstone Capital Management now owns 27,574 shares of the utilities provider’s stock valued at $2,818,000 after purchasing an additional 1,151 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Consolidated Edison during the third quarter valued at approximately $160,000. Finally, Cantor Fitzgerald Investment Advisors L.P. purchased a new position in Consolidated Edison during the third quarter valued at approximately $511,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Consolidated Edison Company Profile

Consolidated Edison, Inc is a diversified energy company headquartered in New York City. Through its regulated utility subsidiaries, the company delivers electricity, natural gas and steam to residential, commercial and industrial customers.

Its principal subsidiary, Consolidated Edison Company of New York, provides electric service throughout New York City and Westchester County, along with gas service in Manhattan, the Bronx, parts of Queens and Westchester County, and steam service in parts of Manhattan.