Consolidated Edison (NYSE:ED) Stock Gets Price Target Trim from Royal Bank Of Canada

Key Points

• Royal Bank of Canada lowered Consolidated Edison’s price target from $110 to $109, implying 5.4% downside from the prior close.
• Analyst sentiment remains cautious: the stock has a consensus “Reduce” rating and a $107 average price target, based on three Buy, eight Hold, and six Sell ratings.
• Consolidated Edison shares traded at $115.22, near their 52-week high of $116.50, while the company exceeded quarterly earnings and revenue expectations and reported FY 2026 EPS guidance of $6.00–$6.20.

Consolidated Edison (NYSE:ED - Get Free Report) had its price objective reduced by equities researchers at Royal Bank Of Canada from $110.00 to $109.00 in a research note issued to investors on Monday. Royal Bank Of Canada's price target indicates a potential downside of 5.40% from the stock's previous close.

A number of other research firms have also weighed in on ED. HSBC assumed coverage on Consolidated Edison in a report on Thursday. They set a "hold" rating and a $104.00 target price on the stock. Morgan Stanley cut their price target on Consolidated Edison from $101.00 to $97.00 and set an "underweight" rating for the company in a report on Friday, September 18th. Evercore reaffirmed a "positive" rating and set a $112.00 price objective (down from $116.00) on shares of Consolidated Edison in a research report on Monday, August 17th. Barclays decreased their price objective on shares of Consolidated Edison from $112.00 to $106.00 and set an "underweight" rating on the stock in a report on Friday, August 7th. Finally, Mizuho set a $108.00 price objective on shares of Consolidated Edison in a research report on Wednesday, October 7th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $107.00.

Consolidated Edison Stock Performance

Shares of Consolidated Edison stock traded down $0.52 during trading on Monday, hitting $115.22. 572,306 shares of the stock were exchanged, compared to its average volume of 2,230,260. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 1.04. The company has a fifty day moving average price of $107.03 and a 200-day moving average price of $108.40. The stock has a market capitalization of $42.61 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 4.01 and a beta of 0.26. Consolidated Edison has a 1-year low of $94.96 and a 1-year high of $116.50.

Consolidated Edison (NYSE:ED - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. The business had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.60 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 company posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. As a group, equities analysts predict that Consolidated Edison will post 6.10 EPS for the current fiscal year.

Institutional Trading of Consolidated Edison

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Consolidated Edison during the 2nd quarter worth $4,609,491,000. Lazard Asset Management LLC grew its stake in shares of 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 valued at $800,843,000 after acquiring an additional 910,244 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of Consolidated Edison in the second quarter valued at about $749,184,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Consolidated Edison by 7.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,847,672 shares of the utilities provider's stock valued at $536,298,000 after acquiring an additional 353,000 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in Consolidated Edison during the second quarter worth about $494,352,000. 66.29% of the stock is owned by institutional investors and hedge funds.

About Consolidated Edison

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.