Consolidated Edison (NYSE:ED) Price Target Raised to $108.00

Key Points

• Barclays raised its price target on Consolidated Edison from $106 to $108 but maintained an “underweight” rating, implying 10.35% downside from the share price cited in the report.
• Analyst sentiment remains cautious: MarketBeat reported a consensus “Reduce” rating and an average price target of $109.74, with five Buy, eight Hold, and six Sell ratings.
• Con Edison reported quarterly EPS of $2.07, above the $2.03 consensus estimate, and revenue of $4.91 billion, topping expectations of $4.75 billion.

Consolidated Edison (NYSE:ED - Get Free Report) had its price target upped by equities researchers at Barclays from $106.00 to $108.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an "underweight" rating on the utilities provider's stock. Barclays's price objective points to a potential downside of 10.35% from the company's current price.

A number of other brokerages also recently issued reports on ED. HSBC began coverage on shares of Consolidated Edison in a research note on Thursday, October 22nd. They set a "hold" rating and a $104.00 price objective on the stock. Wells Fargo & Company boosted their target price on shares of Consolidated Edison from $106.00 to $108.00 and gave the company an "equal weight" rating in a research report on Friday, August 7th. Evercore dropped their target price on shares of Consolidated Edison from $116.00 to $112.00 in a research report on Thursday, October 8th. JPMorgan Chase & Co. cut their price target on shares of Consolidated Edison from $115.00 to $112.00 and set an "underweight" rating for the company in a report on Wednesday, August 19th. Finally, LADENBURG THALM/SH SH increased their price target on shares of Consolidated Edison from $101.00 to $113.50 and gave the stock a "neutral" rating in a research report on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $109.74.

Consolidated Edison Price Performance

Shares of NYSE:ED traded down $0.97 during trading on Friday, reaching $120.47. 442,988 shares of the company traded hands, compared to its average volume of 2,241,747. The firm has a market capitalization of $44.55 billion, a PE ratio of 19.81, a PEG ratio of 4.16 and a beta of 0.23. Consolidated Edison has a 52 week low of $94.96 and a 52 week high of $122.75. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 1.04. The company's 50 day moving average is $108.69 and its two-hundred day moving average is $109.28.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The utilities provider reported $2.07 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.04. The company had revenue of $4.91 billion for the quarter, compared to analysts' expectations of $4.75 billion. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%. During the same quarter last year, the business earned $1.90 earnings per share. As a group, sell-side analysts predict that Consolidated Edison will post 6.10 earnings per share for the current year.

Institutional Investors Weigh In On Consolidated Edison

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aberdeen Wealth Management LLC purchased a new stake in shares of Consolidated Edison in the second quarter worth approximately $27,000. Sachetta LLC boosted its position in shares of Consolidated Edison by 72.9% during the first quarter. Sachetta LLC now owns 242 shares of the utilities provider's stock valued at $27,000 after buying an additional 102 shares during the last quarter. Activest Wealth Management boosted its position in shares of Consolidated Edison by 77.3% during the third quarter. Activest Wealth Management now owns 250 shares of the utilities provider's stock valued at $26,000 after buying an additional 109 shares during the last quarter. Keating Financial Advisory Services Inc. bought a new stake in Consolidated Edison during the second quarter worth $30,000. Finally, GoalVest Advisory LLC grew its holdings in Consolidated Edison by 80.0% during the third quarter. GoalVest Advisory LLC now owns 306 shares of the utilities provider's stock worth $31,000 after buying an additional 136 shares in the last quarter. Institutional investors own 66.29% of the company's stock.

Trending Headlines about Consolidated Edison

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

• Positive Sentiment: Con Edison reported third-quarter adjusted EPS of $2.07, up from $1.90 a year earlier, and revenue rose 8.5% year over year. EPS beat FactSet’s $2.03 estimate, although it matched Zacks’ $2.07 estimate—accounting for conflicting “beat” and “miss” headlines. Con Edison Q3 earnings release
• Positive Sentiment: Mizuho raised its price target on ED to $124 from $108, indicating a more favorable valuation outlook from that analyst. Mizuho price target update
• Neutral Sentiment: The company narrowed its 2026 earnings guidance and outlined $38 billion in planned investments. The narrowed range provides updated visibility, but the news provided does not specify whether the change raises or lowers the outlook. Q3 results, guidance and investment plans
• Negative Sentiment: A separate earnings analysis flagged growing dilution risk, a potential concern for shareholders as the utility funds its investment program. Q3 analysis and dilution risk

Consolidated Edison Company Profile

Consolidated Edison, Inc is a diversified energy company headquartered in New York City. Through its regulated utility subsidiaries, the company delivers electricity, natural gas and steam to residential, commercial and industrial customers.

Its principal subsidiary, Consolidated Edison Company of New York, provides electric service throughout New York City and Westchester County, along with gas service in Manhattan, the Bronx, parts of Queens and Westchester County, and steam service in parts of Manhattan.

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