Consolidated Edison Inc (NYSE:ED) Receives Average Recommendation of "Reduce" from Analysts

Key Points

• Analysts collectively rate Consolidated Edison “Reduce”: Of 15 analysts, six recommend selling, six advise holding and three recommend buying. The average 12-month price target is $108.93.
• Con Edison exceeded quarterly expectations, reporting EPS of $0.83 versus the $0.76 consensus and revenue of $4.07 billion versus $3.60 billion expected. Management’s fiscal 2026 EPS guidance is $6.00–$6.20.
• The company declared a quarterly dividend of $0.8875 per share, equivalent to $3.55 annually and a 3.3% yield, with a current payout ratio of 58.29%.

Consolidated Edison Inc (NYSE:ED - Get Free Report) has earned a consensus recommendation of "Reduce" from the fifteen research firms that are presently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $108.9333.

A number of research analysts have issued reports on the company. Barclays decreased their target price on Consolidated Edison from $112.00 to $106.00 and set an "underweight" rating for the company in a research note on Friday, August 7th. Mizuho set a $114.00 price target on Consolidated Edison in a research note on Monday, July 27th. Wells Fargo & Company upped their target price on shares of Consolidated Edison from $106.00 to $108.00 and gave the company an "equal weight" rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Consolidated Edison in a research report on Tuesday, July 21st. Finally, The Goldman Sachs Group reiterated a "sell" rating and set a $105.00 target price on shares of Consolidated Edison in a research note on Thursday, May 14th.

Consolidated Edison Stock Performance

NYSE ED opened at $107.22 on Tuesday. Consolidated Edison has a twelve month low of $94.96 and a twelve month high of $116.23. 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 simple moving average is $109.99 and its 200 day simple moving average is $109.89. The stock has a market cap of $39.65 billion, a P/E ratio of 17.61, a PEG ratio of 2.73 and a beta of 0.27.

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

Consolidated Edison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, August 19th. Consolidated Edison's payout ratio is currently 58.29%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its stake in Consolidated Edison by 13,703.3% during the second quarter. California State Teachers Retirement System now owns 87,936,136 shares of the utilities provider's stock worth $9,728,375,000 after acquiring an additional 87,299,071 shares in the last quarter. BlackRock Inc. purchased a new position in Consolidated Edison in the second quarter valued at approximately $4,609,491,000. Deutsche Bank AG purchased a new stake in shares of Consolidated Edison during the 2nd quarter valued at approximately $749,184,000. Lazard Asset Management LLC boosted its position in shares of Consolidated Edison by 121,543.9% in the third quarter. Lazard Asset Management LLC now owns 5,960,553 shares of the utilities provider's stock valued at $599,155,000 after acquiring an additional 5,955,653 shares during the period. Finally, Norges Bank purchased a new position in Consolidated Edison during the fourth quarter worth about $489,806,000. 66.29% of the stock is owned by institutional investors.

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.

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