Analysts Set Consolidated Edison Inc (NYSE:ED) Price Target at $107.73

Consolidated Edison Inc (NYSE:ED) has earned a consensus recommendation of “Reduce” from the fifteen analysts that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $108.80.

ED has been the subject of several research analyst reports. Barclays lifted their price objective on Consolidated Edison from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Tuesday, February 24th. UBS Group increased their target price on Consolidated Edison from $108.00 to $112.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Wells Fargo & Company dropped their target price on Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. KeyCorp boosted their price target on Consolidated Edison from $86.00 to $96.00 and gave the company an “underweight” rating in a research note on Wednesday, March 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Consolidated Edison in a research report on Monday, December 29th.

Insiders Place Their Bets

In other Consolidated Edison news, SVP Deneen L. Donnley sold 1,922 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total value of $218,992.68. Following the transaction, the senior vice president directly owned 32,453 shares in the company, valued at approximately $3,697,694.82. This trade represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Consolidated Edison

A number of hedge funds have recently modified their holdings of the business. Basepoint Wealth LLC bought a new position in Consolidated Edison in the 4th quarter worth $26,000. JPL Wealth Management LLC purchased a new position in Consolidated Edison during the third quarter valued at $26,000. Aventura Private Wealth LLC bought a new stake in Consolidated Edison during the fourth quarter valued at about $27,000. Westfuller Advisors LLC purchased a new stake in Consolidated Edison in the fourth quarter worth about $27,000. Finally, Dorato Capital Management purchased a new stake in Consolidated Edison in the fourth quarter worth about $28,000. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Trading Up 1.5%

Shares of ED stock opened at $114.85 on Tuesday. Consolidated Edison has a 12-month low of $94.96 and a 12-month high of $115.37. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. The firm’s 50 day moving average is $107.57 and its 200 day moving average is $101.91. The stock has a market capitalization of $41.49 billion, a P/E ratio of 20.33, a P/E/G ratio of 3.08 and a beta of 0.38.

Consolidated Edison (NYSE:ED) last announced its earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.71 billion. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts expect that Consolidated Edison will post 5.62 earnings per share for the current year.

Consolidated Edison Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 18th will be issued a dividend of $0.8875 per share. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. This represents a $3.55 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, February 18th. Consolidated Edison’s dividend payout ratio is currently 62.83%.

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.