Consolidated Edison Inc (NYSE:ED) Receives $107.79 Average PT from Analysts

Consolidated Edison Inc (NYSE:ED) has been assigned an average rating of “Reduce” from the fifteen ratings firms that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $108.0667.

A number of research analysts have issued reports on the stock. Evercore set a $116.00 target price on shares of Consolidated Edison in a report on Monday, May 11th. Wells Fargo & Company set a $98.00 target price on shares of Consolidated Edison in a report on Tuesday, April 21st. JPMorgan Chase & Co. increased their target price on shares of Consolidated Edison from $107.00 to $113.00 and gave the company an “underweight” rating in a report on Thursday, March 12th. KeyCorp increased 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. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $105.00 target price on shares of Consolidated Edison in a report on Thursday, May 14th.

Consolidated Edison Trading Up 1.8%

NYSE ED opened at $110.70 on Thursday. The stock has a market capitalization of $40.80 billion, a P/E ratio of 18.64, a P/E/G ratio of 2.76 and a beta of 0.27. Consolidated Edison has a 52-week low of $94.96 and a 52-week high of $116.23. The firm has a 50-day moving average price of $107.56 and a 200 day moving average price of $107.00. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.00.

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

Consolidated Edison Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Wednesday, May 13th were issued a $0.8875 dividend. The ex-dividend date of this dividend was Wednesday, May 13th. This represents a $3.55 dividend on an annualized basis and a yield of 3.2%. Consolidated Edison’s dividend payout ratio (DPR) is 59.76%.

Institutional Trading of Consolidated Edison

Several large investors have recently modified their holdings of the business. Sapient Capital LLC acquired a new stake in shares of Consolidated Edison in the first quarter valued at approximately $290,000. Western Wealth Management LLC grew its position in shares of Consolidated Edison by 0.8% in the first quarter. Western Wealth Management LLC now owns 14,914 shares of the utilities provider’s stock valued at $1,688,000 after purchasing an additional 118 shares during the last quarter. DV Trading LLC acquired a new stake in shares of Consolidated Edison in the first quarter valued at approximately $249,000. Parallel Advisors LLC grew its position in shares of Consolidated Edison by 7.7% in the first quarter. Parallel Advisors LLC now owns 14,939 shares of the utilities provider’s stock valued at $1,691,000 after purchasing an additional 1,069 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Consolidated Edison by 12.5% in the first quarter. NewEdge Advisors LLC now owns 19,718 shares of the utilities provider’s stock valued at $2,232,000 after purchasing an additional 2,190 shares during the last quarter. 66.29% of the stock is currently owned by institutional investors and hedge funds.

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.