Consolidated Edison Inc (NYSE:ED) Receives Consensus Rating of "Reduce" from Analysts

Key Points

• Analysts remain cautious: Consolidated Edison has a consensus “Reduce” rating from 15 analysts, including six sells, seven holds and two buys. The average 12-month price target is $108.47.
• Second-quarter results beat expectations: EPS rose to $0.83 from $0.67 a year earlier, exceeding the $0.76 consensus, while revenue reached $3.75 billion and benefited from strong power demand.
• Guidance and dividend were maintained: Con Edison kept fiscal 2026 EPS guidance at $6.00–$6.20 and announced a quarterly dividend of $0.8875, equivalent to a 3.3% annualized yield.

Shares of Consolidated Edison Inc (NYSE:ED - Get Free Report) have received an average recommendation of "Reduce" from the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $108.4667.

ED has been the subject of several analyst reports. Argus set a $112.00 price objective on Consolidated Edison in a research note on Tuesday, June 23rd. Wells Fargo & Company set a $98.00 price target on Consolidated Edison in a report on Tuesday, April 21st. Mizuho set a $114.00 target price on shares of Consolidated Edison in a report on Monday, July 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Consolidated Edison in a research note on Tuesday, July 21st. Finally, Barclays decreased 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 note on Monday, May 11th.

Consolidated Edison News Summary

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

• Positive Sentiment: Second-quarter EPS was $0.83, exceeding analyst expectations of roughly $0.74–$0.76 and rising from $0.67 a year earlier. Net income increased to $308 million from $246 million. Consolidated Edison Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Revenue also beat estimates, while strong power demand helped drive the quarterly outperformance—an encouraging sign for Con Edison’s regulated utility operations. Consolidated Edison beats profit estimates on strong power demand
• Positive Sentiment: The earnings improvement was broad enough to support investor confidence: adjusted EPS also climbed to $0.83 from $0.67 in the prior-year quarter. Con Edison Reports 2026 Second Quarter Earnings
• Neutral Sentiment: Con Edison maintained fiscal 2026 EPS guidance of $6.00–$6.20, broadly centered on the analyst consensus estimate of $6.11. The range does not represent a material upward revision, limiting the potential upside from guidance alone.

Consolidated Edison Price Performance

NYSE ED opened at $108.54 on Friday. The company has a 50-day moving average price of $109.43 and a 200-day moving average price of $109.67. Consolidated Edison has a 52 week low of $94.96 and a 52 week high of $116.23. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $40.00 billion, a P/E ratio of 18.27, a PEG ratio of 2.81 and a beta of 0.27.

Consolidated Edison (NYSE:ED - Get Free Report) last announced its 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. Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. The company had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same period in the previous year, the business posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities research analysts anticipate that Consolidated Edison will post 6.09 earnings per share for the current year.

Consolidated Edison Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Wednesday, August 19th will be given a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, August 19th. Consolidated Edison's payout ratio is currently 59.76%.

Institutional Trading of Consolidated Edison

A number of large investors have recently added to or reduced their stakes in ED. GW&K Investment Management LLC raised its holdings in Consolidated Edison by 28.5% in the fourth quarter. GW&K Investment Management LLC now owns 419 shares of the utilities provider's stock valued at $42,000 after buying an additional 93 shares during the period. bLong Financial LLC grew its stake in Consolidated Edison by 1.3% during the fourth quarter. bLong Financial LLC now owns 7,775 shares of the utilities provider's stock worth $772,000 after buying an additional 100 shares during the period. Sachetta LLC grew its stake 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 buying an additional 102 shares during the period. Bridgewater Advisors Inc. increased its position in shares of Consolidated Edison by 1.6% in the fourth quarter. Bridgewater Advisors Inc. now owns 6,635 shares of the utilities provider's stock worth $689,000 after acquiring an additional 105 shares in the last quarter. Finally, Frank Rimerman Advisors LLC increased its position in shares of Consolidated Edison by 1.3% in the first quarter. Frank Rimerman Advisors LLC now owns 8,275 shares of the utilities provider's stock worth $937,000 after acquiring an additional 105 shares in the last quarter. Institutional investors 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.

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.

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