Consolidated Edison, Inc. (NYSE:ED) has been given a consensus rating of “Hold” by the fourteen research firms that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating and nine have issued a hold rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $75.71.

A number of brokerages have recently issued reports on ED. ValuEngine downgraded shares of Consolidated Edison from a “buy” rating to a “hold” rating in a report on Thursday, April 4th. Zacks Investment Research downgraded shares of Consolidated Edison from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Mizuho began coverage on shares of Consolidated Edison in a report on Monday, March 11th. They set a “neutral” rating and a $85.00 price target on the stock. Credit Suisse Group raised their price target on shares of Consolidated Edison from $77.00 to $78.00 and gave the company an “underperform” rating in a report on Monday, February 25th. Finally, Morgan Stanley raised their price target on shares of Consolidated Edison from $78.00 to $81.00 and gave the company an “underweight” rating in a report on Tuesday, February 12th.

Shares of NYSE ED traded up $0.02 during trading on Wednesday, reaching $84.55. 48,276 shares of the company traded hands, compared to its average volume of 1,629,327. The company has a quick ratio of 0.56, a current ratio of 0.62 and a debt-to-equity ratio of 1.04. The company has a market cap of $27.64 billion, a PE ratio of 19.58, a PEG ratio of 9.69 and a beta of 0.12. Consolidated Edison has a 52-week low of $71.12 and a 52-week high of $85.87.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Thursday, February 21st. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.89 billion. Consolidated Edison had a net margin of 11.20% and a return on equity of 8.42%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 EPS. As a group, equities research analysts anticipate that Consolidated Edison will post 4.36 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Girard Partners LTD. raised its stake in Consolidated Edison by 3.8% during the 4th quarter. Girard Partners LTD. now owns 4,120 shares of the utilities provider’s stock worth $315,000 after acquiring an additional 151 shares during the period. Kaizen Advisory LLC raised its position in shares of Consolidated Edison by 21.3% during the fourth quarter. Kaizen Advisory LLC now owns 867 shares of the utilities provider’s stock valued at $66,000 after buying an additional 152 shares during the last quarter. Kovack Advisors Inc. raised its position in shares of Consolidated Edison by 4.0% during the fourth quarter. Kovack Advisors Inc. now owns 4,144 shares of the utilities provider’s stock valued at $317,000 after buying an additional 160 shares during the last quarter. Cornell Pochily Investment Advisors Inc. raised its position in shares of Consolidated Edison by 1.5% during the fourth quarter. Cornell Pochily Investment Advisors Inc. now owns 11,545 shares of the utilities provider’s stock valued at $882,000 after buying an additional 167 shares during the last quarter. Finally, NewSquare Capital LLC raised its position in shares of Consolidated Edison by 1.2% during the fourth quarter. NewSquare Capital LLC now owns 13,671 shares of the utilities provider’s stock valued at $1,045,000 after buying an additional 168 shares during the last quarter. 60.67% of the stock is currently owned by institutional investors.

About Consolidated Edison

Consolidated Edison, Inc, through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,622 customers in parts of Manhattan.

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Analyst Recommendations for Consolidated Edison (NYSE:ED)

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