Consolidated Edison’s (ED) “Neutral” Rating Reiterated at Mizuho

Consolidated Edison (NYSE:ED)‘s stock had its “neutral” rating reiterated by analysts at Mizuho in a research note issued on Tuesday, MarketBeat Ratings reports. They presently have a $105.00 price target on the utilities provider’s stock. Mizuho’s target price points to a potential upside of 1.27% from the stock’s previous close.

ED has been the subject of several other research reports. Barclays lowered their price target on shares of Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating for the company in a report on Monday, May 11th. KeyCorp upped their target price on shares of Consolidated Edison from $96.00 to $97.00 and gave the company an “underweight” rating in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, April 24th. Evercore set a $116.00 target price on shares of Consolidated Edison in a report on Monday, May 11th. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $105.00 target price on shares of Consolidated Edison in a report on Thursday, May 14th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $107.79.

Consolidated Edison Trading Down 1.8%

Shares of ED stock opened at $103.69 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19. The stock has a market capitalization of $38.21 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 2.68 and a beta of 0.27. The company has a 50 day moving average price of $109.61 and a 200 day moving average price of $106.18. Consolidated Edison has a fifty-two week low of $94.96 and a fifty-two week high of $116.23.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings data on Thursday, May 7th. The utilities provider reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.10). Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same quarter last year, the firm posted $2.26 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts predict that Consolidated Edison will post 6.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total transaction of $218,992.68. Following the completion of the transaction, the senior vice president owned 32,453 shares in the company, valued at approximately $3,697,694.82. This represents a 5.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On Consolidated Edison

Large investors have recently made changes to their positions in the stock. Nuance Investments LLC acquired a new stake in shares of Consolidated Edison in the third quarter worth approximately $4,017,000. Bryce Point Capital LLC acquired a new stake in shares of Consolidated Edison in the third quarter worth approximately $556,000. Caprock Group LLC acquired a new stake in shares of Consolidated Edison in the third quarter worth approximately $2,586,000. IFP Advisors Inc boosted its position in shares of Consolidated Edison by 194.5% in the third quarter. IFP Advisors Inc now owns 15,208 shares of the utilities provider’s stock worth $1,559,000 after acquiring an additional 10,044 shares during the last quarter. Finally, ING Groep NV boosted its position in shares of Consolidated Edison by 34.3% in the third quarter. ING Groep NV now owns 46,687 shares of the utilities provider’s stock worth $4,693,000 after acquiring an additional 11,916 shares during the last quarter. Hedge funds and other institutional investors own 66.29% of the company’s stock.

About Consolidated Edison

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.