Consolidated Edison Inc (NYSE:ED) Receives Average Rating of "Hold" from Analysts

Key Points

• Consolidated Edison Inc has received an average analyst rating of "Hold", with three analysts issuing sell ratings, six giving holds, and three providing buy ratings.
• The company reported a quarterly EPS of $0.67, exceeding the consensus estimate of $0.66, and has set its FY 2025 guidance at 5.500-5.700 EPS.
• Consolidated Edison declared a quarterly dividend of $0.85 per share, with a dividend yield of 3.5% and a payout ratio of 61.71%.

Shares of Consolidated Edison Inc (NYSE:ED - Get Free Report) have been given an average rating of "Hold" by the twelve analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $105.8182.

Several research analysts recently issued reports on ED shares. Bank of America downgraded Consolidated Edison from a "buy" rating to an "underperform" rating and cut their price objective for the stock from $112.00 to $101.00 in a research report on Friday, August 15th. KeyCorp restated an "overweight" rating on shares of Consolidated Edison in a research report on Wednesday, July 16th. Mizuho lifted their price objective on Consolidated Edison from $107.00 to $112.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Morgan Stanley restated an "underweight" rating on shares of Consolidated Edison in a research report on Thursday, August 21st. Finally, Scotiabank lifted their price objective on Consolidated Edison from $101.00 to $106.00 and gave the stock a "sector perform" rating in a research report on Monday, August 11th.

Consolidated Edison Price Performance

Shares of NYSE:ED opened at $96.98 on Tuesday. The business's 50 day simple moving average is $100.86 and its 200-day simple moving average is $103.90. The firm has a market capitalization of $34.98 billion, a price-to-earnings ratio of 17.60, a price-to-earnings-growth ratio of 2.71 and a beta of 0.28. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.10 and a quick ratio of 1.01. Consolidated Edison has a 12 month low of $87.28 and a 12 month high of $114.87.

Consolidated Edison (NYSE:ED - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. Consolidated Edison had a return on equity of 8.56% and a net margin of 11.98%.The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same quarter in the previous year, the company earned $0.59 EPS. Consolidated Edison has set its FY 2025 guidance at 5.500-5.700 EPS. As a group, equities analysts forecast that Consolidated Edison will post 5.62 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Wednesday, August 13th were issued a dividend of $0.85 per share. The ex-dividend date was Wednesday, August 13th. This represents a $3.40 annualized dividend and a dividend yield of 3.5%. Consolidated Edison's dividend payout ratio (DPR) is 61.71%.

Institutional Investors Weigh In On Consolidated Edison

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Valeo Financial Advisors LLC grew its position in shares of Consolidated Edison by 14.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,449 shares of the utilities provider's stock valued at $346,000 after purchasing an additional 426 shares during the period. Osaic Holdings Inc. grew its position in shares of Consolidated Edison by 23.9% in the second quarter. Osaic Holdings Inc. now owns 173,576 shares of the utilities provider's stock valued at $17,851,000 after purchasing an additional 33,435 shares during the period. Q3 Asset Management purchased a new stake in shares of Consolidated Edison in the second quarter valued at $288,000. Total Investment Management Inc. purchased a new stake in shares of Consolidated Edison in the second quarter valued at $108,000. Finally, Centaurus Financial Inc. grew its position in shares of Consolidated Edison by 2.3% in the second quarter. Centaurus Financial Inc. now owns 5,457 shares of the utilities provider's stock valued at $548,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 66.29% of the company's stock.

Consolidated Edison Company Profile

Consolidated Edison, Inc, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan.

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