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

Key Points

• Brokerages' consensus on Consolidated Edison is "Reduce" from 15 analysts (5 sell, 7 hold, 3 buy) with an average 12‑month price target of $108.80, below the stock's recent ~$115.50 trading level.
• The company recently beat estimates with $0.89 EPS (vs. $0.86 expected) and $4.0B revenue (vs. $3.71B expected), and set FY2026 guidance of $6.00–$6.20 EPS (analysts model ~5.62 EPS).
• Con Edison raised its quarterly dividend to $0.8875 (annualized $3.55), implying a ~3.1% yield and a payout ratio of about 62.8%.

Consolidated Edison Inc (NYSE:ED - Get Free Report) has earned a consensus recommendation of "Reduce" from the fifteen brokerages that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $108.80.

Several equities research analysts recently commented on the stock. Barclays boosted their price objective on shares of Consolidated Edison from $100.00 to $110.00 and gave the stock an "underweight" rating in a research note on Tuesday, February 24th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $118.00 target price on shares of Consolidated Edison in a research note on Friday, January 23rd. KeyCorp boosted their price target on Consolidated Edison from $86.00 to $96.00 and gave the stock an "underweight" rating in a research report on Wednesday, March 4th. Scotiabank upped their price target on Consolidated Edison from $113.00 to $117.00 and gave the stock a "sector perform" rating in a research note on Friday, February 20th. Finally, Wells Fargo & Company reduced their price objective on Consolidated Edison from $99.00 to $95.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 20th.

Insider Buying and Selling

In related news, SVP Deneen L. Donnley sold 1,922 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $113.94, for a total transaction of $218,992.68. Following the sale, the senior vice president directly owned 32,453 shares of the company's stock, valued at approximately $3,697,694.82. This represents a 5.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.19% of the company's stock.

Institutional Investors Weigh In On Consolidated Edison

A number of institutional investors have recently made changes to their positions in the company. Basepoint Wealth LLC bought a new position in Consolidated Edison in the 4th quarter valued at approximately $26,000. JPL Wealth Management LLC purchased a new position in shares of Consolidated Edison during the third quarter valued at approximately $26,000. Aventura Private Wealth LLC purchased a new position in shares of Consolidated Edison during the fourth quarter valued at approximately $27,000. Westfuller Advisors LLC bought a new position in Consolidated Edison during the fourth quarter valued at approximately $27,000. Finally, Dorato Capital Management bought a new position in Consolidated Edison during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 66.29% of the company's stock.

Consolidated Edison Price Performance

ED opened at $115.50 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. The company has a market cap of $41.72 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 2.94 and a beta of 0.34. The stock has a fifty day simple moving average of $110.88 and a two-hundred day simple moving average of $103.42. Consolidated Edison has a 12-month low of $94.96 and a 12-month high of $116.23.

Consolidated Edison (NYSE:ED - Get Free Report) last announced its earnings results on Thursday, February 19th. The utilities provider reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.03. The firm had revenue of $4 billion for the quarter, compared to analysts' expectations of $3.71 billion. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The company's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Research analysts predict that Consolidated Edison will post 5.62 earnings per share for the current fiscal year.

Consolidated Edison Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Wednesday, February 18th were paid a $0.8875 dividend. This is an increase from Consolidated Edison's previous quarterly dividend of $0.85. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, February 18th. Consolidated Edison's payout ratio is currently 62.83%.

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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