Consolidated Edison Inc (NYSE:ED) Stock Rated “Reduce” by Wall Street Analysts

Shares of Consolidated Edison Inc (NYSE:ED) have been given a consensus rating of “Reduce” by the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $108.67.

A number of research firms have recently weighed in on ED. Argus set a $112.00 price target on shares of Consolidated Edison in a research note on Tuesday, June 23rd. Wells Fargo & Company raised their target price on shares of Consolidated Edison from $106.00 to $108.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. KeyCorp cut their price objective on Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating on the stock in a report on Thursday, July 23rd. Evercore restated a “positive” rating and set a $112.00 price objective on shares of Consolidated Edison in a research report on Monday, August 17th. Finally, Barclays cut their price target on Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating on the stock in a research note on Friday, August 7th.

Institutional Investors Weigh In On Consolidated Edison

Institutional investors have recently made changes to their positions in the stock. Basepoint Wealth LLC bought a new stake in Consolidated Edison in the fourth quarter valued at approximately $26,000. Sachetta LLC lifted its position in shares of Consolidated Edison by 72.9% in the 1st 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. Aberdeen Wealth Management LLC bought a new stake in shares of Consolidated Edison in the 2nd quarter valued at $27,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Consolidated Edison during the second quarter worth $30,000. Finally, GoalVest Advisory LLC boosted its position in Consolidated Edison by 80.0% during the third quarter. GoalVest Advisory LLC now owns 306 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 136 shares during the last quarter. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Price Performance

ED stock opened at $103.31 on Friday. The company’s 50-day moving average price is $106.96 and its two-hundred day moving average price is $108.80. Consolidated Edison has a 12 month low of $94.96 and a 12 month high of $116.23. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 1.04. The firm has a market cap of $38.21 billion, a P/E ratio of 16.96, a P/E/G ratio of 3.58 and a beta of 0.26.

Consolidated Edison (NYSE:ED) last released 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 firm had revenue of $4.07 billion during the quarter, compared to analysts’ expectations of $3.60 billion. During the same period in the prior year, the company earned $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts anticipate that Consolidated Edison will post 6.1 earnings per share for the current fiscal year.

Consolidated Edison Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Wednesday, August 19th were issued a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Wednesday, August 19th. Consolidated Edison’s dividend payout ratio is presently 58.29%.

About Consolidated Edison

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.