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

Key Points

• Analysts have assigned Consolidated Edison an average recommendation of "Reduce" from 15 brokerages (5 sell, 7 hold, 3 buy), with a consensus 12‑month price target of $108.50.
• The company beat last quarter's EPS ($0.89 vs. $0.86) and set FY2026 guidance at 6.000–6.200 EPS, in line with the street consensus of about 6.08 EPS.
• Con Edison declared a quarterly dividend of $0.8875 (annualized $3.55), representing a 3.2% yield

Consolidated Edison Inc (NYSE:ED - Get Free Report) has been assigned an average recommendation of "Reduce" from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $108.50.

ED has been the subject of a number of research reports. KeyCorp boosted their target price on shares of Consolidated Edison from $96.00 to $97.00 and gave the company an "underweight" rating in a research note on Tuesday, April 21st. JPMorgan Chase & Co. raised their price target on Consolidated Edison from $107.00 to $113.00 and gave the stock an "underweight" rating in a research note on Thursday, March 12th. Citigroup reaffirmed a "buy" rating on shares of Consolidated Edison in a report on Monday, February 23rd. Morgan Stanley reduced their price objective on Consolidated Edison from $106.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday, April 21st. Finally, UBS Group increased their target price on Consolidated Edison from $108.00 to $112.00 and gave the company a "neutral" rating in a report on Friday, January 23rd.

Consolidated Edison Trading Up 0.8%

Consolidated Edison stock opened at $109.71 on Wednesday. Consolidated Edison has a one year low of $94.96 and a one year high of $116.23. The business's fifty day moving average is $111.82 and its 200 day moving average is $104.99. The stock has a market capitalization of $40.42 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 2.77 and a beta of 0.34. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.86 by $0.03. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.71 billion. Consolidated Edison had a return on equity of 8.50% and a net margin of 11.95%.Consolidated Edison's revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, sell-side analysts predict that Consolidated Edison will post 6.08 EPS for the current year.

Consolidated Edison Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 13th will be given a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $3.55 annualized dividend and a dividend yield of 3.2%. Consolidated Edison's dividend payout ratio is presently 62.83%.

Insider Buying and Selling at Consolidated Edison

In other news, SVP Deneen L. Donnley sold 1,922 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total value of $218,992.68. Following the transaction, the senior vice president owned 32,453 shares in the company, valued at $3,697,694.82. This represents a 5.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.15% of the stock is owned by company insiders.

Institutional Trading of Consolidated Edison

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPL Wealth Management LLC bought a new stake in shares of Consolidated Edison during the 3rd quarter valued at $26,000. Basepoint Wealth LLC bought a new position in Consolidated Edison in the 4th quarter worth $26,000. Aventura Private Wealth LLC bought a new position in Consolidated Edison in the 4th quarter worth $27,000. Westfuller Advisors LLC purchased a new position in Consolidated Edison during the fourth quarter valued at $27,000. Finally, Dorato Capital Management purchased a new position in Consolidated Edison during the fourth quarter valued at $28,000. 66.29% of the stock is owned by hedge funds and other institutional investors.

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.

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