Consolidated Edison (NYSE:ED) Stock Gets Price Target Reduction from Royal Bank Of Canada

Consolidated Edison (NYSE:ED) had its target price reduced by Royal Bank Of Canada from $110.00 to $109.00 in a research report released on Monday morning.

A number of other equities analysts also recently commented on ED. Jefferies Financial Group restated a “hold” rating and issued a $105.00 price objective (down from $121.00) on shares of Consolidated Edison in a report on Tuesday, October 6th. KeyCorp reduced their target price on shares of Consolidated Edison from $94.00 to $87.00 and set an “underweight” rating for the company in a research note on Tuesday, October 13th. Evercore restated a “positive” rating and set a $112.00 price target (down from $116.00) on shares of Consolidated Edison in a report on Monday, August 17th. Wells Fargo & Company raised their price target on shares of Consolidated Edison from $106.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Barclays reduced their price objective 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. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $108.09.

Consolidated Edison Stock Performance

Shares of NYSE ED opened at $114.18 on Monday. The business’s 50-day moving average price is $107.41 and its two-hundred day moving average price is $108.76. 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 has a one year low of $94.96 and a one year high of $116.50. The company has a market capitalization of $42.23 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 4.01 and a beta of 0.26.

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 the consensus estimate of $0.76 by $0.07. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same period in the prior year, the firm posted $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts anticipate that Consolidated Edison will post 6.10 earnings per share for the current fiscal year.

Consolidated Edison Dividend Announcement

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

Institutional Investors Weigh In On Consolidated Edison

A number of large investors have recently added to or reduced their stakes in the stock. Aberdeen Wealth Management LLC bought a new stake in shares of Consolidated Edison during the second quarter valued at approximately $27,000. Sachetta LLC lifted its position in Consolidated Edison by 72.9% in the first quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 102 shares during the period. Activest Wealth Management boosted its stake in Consolidated Edison by 77.3% during the third quarter. Activest Wealth Management now owns 250 shares of the utilities provider’s stock worth $26,000 after buying an additional 109 shares in the last quarter. Keating Financial Advisory Services Inc. acquired a new stake in Consolidated Edison during the second quarter worth $30,000. Finally, GoalVest Advisory LLC boosted its stake in Consolidated Edison by 80.0% during the third quarter. GoalVest Advisory LLC now owns 306 shares of the utilities provider’s stock worth $31,000 after buying an additional 136 shares in the last quarter. 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.