Consolidated Edison, Inc. (NYSE:ED) has been assigned a consensus rating of “Hold” from the fifteen analysts that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $79.50.

Several equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Consolidated Edison from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Evercore ISI downgraded shares of Consolidated Edison from an “in-line” rating to an “underperform” rating and set a $74.00 price target on the stock. in a report on Tuesday, September 26th. KeyCorp reaffirmed a “hold” rating on shares of Consolidated Edison in a report on Friday, October 20th. Bank of America began coverage on shares of Consolidated Edison in a report on Tuesday, October 24th. They set a “buy” rating and a $92.00 price target on the stock. Finally, ValuEngine upgraded shares of Consolidated Edison from a “hold” rating to a “buy” rating in a research report on Friday, November 10th.

Several institutional investors have recently added to or reduced their stakes in ED. PNC Financial Services Group Inc. increased its position in Consolidated Edison by 1.8% in the second quarter. PNC Financial Services Group Inc. now owns 560,190 shares of the utilities provider’s stock worth $45,274,000 after purchasing an additional 9,825 shares during the last quarter. Private Advisor Group LLC increased its position in Consolidated Edison by 16.2% in the third quarter. Private Advisor Group LLC now owns 39,980 shares of the utilities provider’s stock worth $3,257,000 after purchasing an additional 5,567 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in Consolidated Edison by 5.6% in the third quarter. Parametric Portfolio Associates LLC now owns 1,109,470 shares of the utilities provider’s stock worth $89,512,000 after purchasing an additional 59,098 shares during the last quarter. Lazard Asset Management LLC increased its position in Consolidated Edison by 129.8% in the second quarter. Lazard Asset Management LLC now owns 380,193 shares of the utilities provider’s stock worth $30,726,000 after purchasing an additional 214,717 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Consolidated Edison by 2.4% in the second quarter. Vanguard Group Inc. now owns 21,821,324 shares of the utilities provider’s stock worth $1,763,600,000 after purchasing an additional 516,860 shares during the last quarter. Hedge funds and other institutional investors own 55.50% of the company’s stock.

Shares of Consolidated Edison (NYSE ED) traded down $0.90 during trading hours on Monday, reaching $79.49. 1,899,741 shares of the company’s stock traded hands, compared to its average volume of 1,817,411. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.79 and a quick ratio of 0.70. Consolidated Edison has a twelve month low of $72.13 and a twelve month high of $89.70. The stock has a market capitalization of $24,650.00, a P/E ratio of 19.92, a P/E/G ratio of 9.32 and a beta of 0.10.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.07). Consolidated Edison had a net margin of 10.42% and a return on equity of 8.42%. The firm had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.14 billion. During the same period in the prior year, the firm earned $1.51 EPS. research analysts expect that Consolidated Edison will post 4.1 EPS for the current year.

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About Consolidated Edison

Consolidated Edison, Inc (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc (CECONY), Orange and Rockland Utilities, Inc (O&R), Con Edison Clean Energy Businesses, Inc (the Clean Energy Businesses) and Con Edison Transmission, Inc (Con Edison Transmission).

Analyst Recommendations for Consolidated Edison (NYSE:ED)

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