Consolidated Edison Inc (NYSE:ED) Receives Average Rating of “Reduce” from Brokerages

Consolidated Edison Inc (NYSE:ED) has been assigned an average recommendation of “Reduce” from the fifteen analysts that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $108.7143.

Several analysts have recently commented on ED shares. Citigroup reiterated a “buy” rating on shares of Consolidated Edison in a research report on Monday, February 23rd. Barclays lowered their price target on shares of Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating on the stock in a research report on Monday, May 11th. Bank of America reiterated an “underperform” rating and issued a $104.00 price target on shares of Consolidated Edison in a research report on Wednesday, February 25th. TD Cowen increased their price target on shares of Consolidated Edison from $105.00 to $112.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Consolidated Edison from $107.00 to $113.00 and gave the company an “underweight” rating in a research report on Thursday, March 12th.

Consolidated Edison Stock Up 1.2%

ED stock opened at $108.66 on Friday. The company’s 50 day simple moving average is $110.46 and its 200-day simple moving average is $105.74. The firm has a market capitalization of $40.04 billion, a PE ratio of 18.29, a P/E/G ratio of 2.76 and a beta of 0.29. Consolidated Edison has a 12 month low of $94.96 and a 12 month high of $116.23. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.19 and a quick ratio of 1.09.

Consolidated Edison (NYSE:ED) last released its quarterly earnings results on Thursday, May 7th. The utilities provider reported $2.18 EPS for the quarter, missing the consensus estimate of $2.28 by ($0.10). The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. During the same quarter 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 analysts expect that Consolidated Edison will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 13th will be given a dividend of $0.8875 per share. The ex-dividend date is Wednesday, May 13th. This represents a $3.55 dividend on an annualized basis and a yield of 3.3%. Consolidated Edison’s dividend payout ratio (DPR) is 59.76%.

Insider Transactions at Consolidated Edison

In related news, SVP Deneen L. Donnley sold 1,922 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total transaction of $218,992.68. Following the sale, the senior vice president 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.15% of the company’s stock.

Institutional Trading of Consolidated Edison

Hedge funds have recently bought and sold shares of the company. Sachetta LLC boosted its position in Consolidated Edison by 72.9% during the first quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 102 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in Consolidated Edison during the third quarter worth approximately $26,000. Basepoint Wealth LLC acquired a new stake in Consolidated Edison during the fourth quarter worth approximately $26,000. Aventura Private Wealth LLC acquired a new stake in Consolidated Edison during the fourth quarter worth approximately $27,000. Finally, Westfuller Advisors LLC purchased a new position in Consolidated Edison during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 66.29% of the company’s stock.

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.