Analysts Set Consolidated Edison Inc (NYSE:ED) Target Price at $108.47

Consolidated Edison Inc (NYSE:ED) has earned a consensus recommendation of “Reduce” from the fifteen research firms that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $109.0667.

Several equities analysts have weighed in on the company. The Goldman Sachs Group reissued a “sell” rating and set a $105.00 price objective on shares of Consolidated Edison in a report on Thursday, May 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Consolidated Edison in a research report on Tuesday, July 21st. Mizuho set a $114.00 price target on Consolidated Edison in a research note on Monday, July 27th. Wells Fargo & Company lifted their price objective on Consolidated Edison from $106.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Finally, Argus set a $112.00 price objective on shares of Consolidated Edison in a report on Tuesday, June 23rd.

Consolidated Edison Price Performance

Shares of NYSE ED opened at $107.42 on Friday. The stock has a market cap of $39.73 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 2.76 and a beta of 0.27. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27. Consolidated Edison has a fifty-two week low of $94.96 and a fifty-two week high of $116.23. The firm’s 50-day simple moving average is $109.60 and its 200 day simple moving average is $109.73.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.07. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%.The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.60 billion. During the same period last year, the business earned $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, research analysts anticipate that Consolidated Edison will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Wednesday, August 19th will be paid a $0.8875 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.3%. Consolidated Edison’s dividend payout ratio is 58.29%.

Institutional Investors Weigh In On Consolidated Edison

Institutional investors have recently bought and sold shares of the stock. Sachetta LLC lifted its position in Consolidated Edison by 72.9% in the first quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 102 shares during the last quarter. JPL Wealth Management LLC purchased a new position in shares of Consolidated Edison in the third quarter worth $26,000. Basepoint Wealth LLC purchased a new position in shares of Consolidated Edison in the fourth quarter worth $26,000. Keating Financial Advisory Services Inc. bought a new stake in Consolidated Edison during the 2nd quarter valued at $30,000. Finally, Westfuller Advisors LLC bought a new stake in Consolidated Edison during the 4th quarter valued at $27,000. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

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.