KeyCorp Cuts Consolidated Edison (NYSE:ED) Price Target to $94.00

Consolidated Edison (NYSE:ED) had its price objective trimmed by KeyCorp from $97.00 to $94.00 in a research note released on Thursday, MarketBeat reports. The firm currently has an underweight rating on the utilities provider’s stock. KeyCorp also issued estimates for Consolidated Edison’s Q2 2026 earnings at $0.65 EPS, Q3 2026 earnings at $2.24 EPS and FY2030 earnings at $7.77 EPS.

Other analysts have also recently issued reports about the stock. Argus set a $112.00 price target on shares of Consolidated Edison in a research note on Tuesday, June 23rd. Weiss Ratings upgraded Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Mizuho reissued a “neutral” rating and set a $105.00 price objective on shares of Consolidated Edison in a report on Tuesday, June 2nd. The Goldman Sachs Group restated a “sell” rating and set a $105.00 target price on shares of Consolidated Edison in a research report on Thursday, May 14th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Consolidated Edison in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $107.87.

Consolidated Edison Trading Up 0.2%

ED opened at $112.97 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $41.63 billion, a PE ratio of 19.02, a PEG ratio of 2.93 and a beta of 0.27. Consolidated Edison has a 1-year low of $94.96 and a 1-year high of $116.23. The firm has a 50-day moving average price of $109.04 and a two-hundred day moving average price of $109.01.

Consolidated Edison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, August 19th. Consolidated Edison’s payout ratio is presently 59.76%.

Institutional Trading of Consolidated Edison

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Consolidated Edison by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 45,636,041 shares of the utilities provider’s stock valued at $4,532,572,000 after purchasing an additional 461,108 shares during the period. State Street Corp raised its holdings in Consolidated Edison by 3.6% in the fourth quarter. State Street Corp now owns 24,905,440 shares of the utilities provider’s stock worth $2,473,608,000 after purchasing an additional 854,868 shares during the period. Lazard Asset Management LLC raised its holdings in Consolidated Edison by 14.8% in the first quarter. Lazard Asset Management LLC now owns 7,075,838 shares of the utilities provider’s stock worth $800,843,000 after purchasing an additional 910,244 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Consolidated Edison by 11.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,200,840 shares of the utilities provider’s stock worth $516,549,000 after purchasing an additional 514,178 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Consolidated Edison during the fourth quarter worth $489,806,000. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Edison News Summary

Here are the key news stories impacting Consolidated Edison this week:

• Negative Sentiment: KeyCorp reiterated an Underweight rating and a $94 price target, while trimming/setting earnings estimates across multiple periods, including Q2 2026 EPS of $0.65, Q3 2026 EPS of $2.24, Q4 2026 EPS of $0.62, and long-term forecasts through FY2030 EPS of $7.77. The lower target and cautious stance can weigh on ED shares. Article
• Negative Sentiment: Another report highlighted that KeyCorp lowered expectations for Consolidated Edison, reinforcing a more conservative view on the stock’s earnings trajectory. Article
• Negative Sentiment: Morgan Stanley issued a “Sell” rating on Consolidated Edison, adding to the bearish analyst sentiment around the shares. Article

Consolidated Edison Company Profile

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.