Consolidated Edison Inc (ED) – What Are Investment Firms Saying About This Stock?

Shares of Consolidated Edison Inc (NYSE:ED) have received a consensus recommendation of “Reduce” from the seventeen research firms that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $107.50.

ED has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Consolidated Edison from $106.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Jefferies Financial Group restated a “hold” rating and issued a $105.00 price objective on shares of Consolidated Edison in a research report on Tuesday, October 6th. Barclays cut their price objective on shares of Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday, August 7th. Morgan Stanley decreased their price target on Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating on the stock in a research note on Friday, September 18th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Consolidated Edison in a report on Monday, October 19th.

Consolidated Edison Trading Up 0.1%

ED opened at $115.82 on Wednesday. Consolidated Edison has a fifty-two week low of $94.96 and a fifty-two week high of $116.50. The firm has a market capitalization of $42.83 billion, a PE ratio of 19.02, a P/E/G ratio of 4.01 and a beta of 0.26. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17. The company’s 50-day moving average is $107.03 and its 200 day moving average is $108.40.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.07. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.60 billion. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%. During the same quarter in the prior year, the company posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, research analysts predict that Consolidated Edison will post 6.10 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Wednesday, November 18th will be given a $0.8875 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.1%. Consolidated Edison’s dividend payout ratio is currently 58.29%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Consolidated Edison during the second quarter valued at approximately $4,609,491,000. Lazard Asset Management LLC grew its stake in shares of Consolidated Edison by 14.8% in the 1st quarter. Lazard Asset Management LLC now owns 7,075,838 shares of the utilities provider’s stock worth $800,843,000 after buying an additional 910,244 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of Consolidated Edison in the 2nd quarter worth approximately $749,184,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Consolidated Edison by 7.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,847,672 shares of the utilities provider’s stock valued at $536,298,000 after buying an additional 353,000 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in Consolidated Edison during the 2nd quarter valued at approximately $494,352,000. 66.29% of the stock is owned by hedge funds and other institutional investors.

Consolidated Edison Company Profile

Consolidated Edison, Inc is a diversified energy company headquartered in New York City. Through its regulated utility subsidiaries, the company delivers electricity, natural gas and steam to residential, commercial and industrial customers.

Its principal subsidiary, Consolidated Edison Company of New York, provides electric service throughout New York City and Westchester County, along with gas service in Manhattan, the Bronx, parts of Queens and Westchester County, and steam service in parts of Manhattan.