Consolidated Edison (NYSE:ED) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Consolidated Edison (NYSE:ED) had its price target boosted by stock analysts at JPMorgan Chase & Co. from $107.00 to $113.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 0.30% from the stock’s current price.

ED has been the topic of a number of other reports. Mizuho set a $118.00 target price on shares of Consolidated Edison in a research report on Monday, February 23rd. KeyCorp upped their target price on Consolidated Edison from $86.00 to $96.00 and gave the company an “underweight” rating in a research note on Wednesday, March 4th. TD Cowen boosted their price target on Consolidated Edison from $105.00 to $112.00 and gave the company a “hold” rating in a report on Tuesday, February 24th. Wells Fargo & Company lowered their target price on shares of Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $118.00 price target on shares of Consolidated Edison in a report on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $108.80.

Consolidated Edison Stock Performance

NYSE:ED traded up $1.60 during mid-day trading on Thursday, hitting $113.34. The company’s stock had a trading volume of 923,439 shares, compared to its average volume of 2,249,761. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94. The stock has a market cap of $40.94 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.99 and a beta of 0.38. The business’s fifty day moving average is $107.00 and its two-hundred day moving average is $101.71. Consolidated Edison has a 1 year low of $94.96 and a 1 year high of $115.25.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.71 billion. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. Consolidated Edison’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the company posted $0.98 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts anticipate that Consolidated Edison will post 5.62 EPS for the current fiscal year.

Institutional Trading of Consolidated Edison

Hedge funds have recently modified their holdings of the business. Basepoint Wealth LLC bought a new stake in Consolidated Edison in the fourth quarter worth approximately $26,000. JPL Wealth Management LLC bought a new position in Consolidated Edison during the third quarter worth about $26,000. Aventura Private Wealth LLC acquired a new position in Consolidated Edison during the fourth quarter worth $27,000. Westfuller Advisors LLC bought a new position in Consolidated Edison during the 4th quarter valued at about $27,000. Finally, Dorato Capital Management bought a new position in Consolidated Edison in the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.

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.