Consolidated Edison (NYSE:ED) Price Target Lowered to $101.00 at Morgan Stanley

Key Points

• Morgan Stanley lowered Consolidated Edison’s price target from $105 to $101 and maintained an “underweight” rating, implying 5.9% downside from the prior close.
• Analyst sentiment remains cautious: MarketBeat reports an average rating of “Reduce” and an average price target of $108.93, with ratings split among three Buys, six Holds, and six Sells.
• Con Edison exceeded quarterly expectations, reporting $0.83 in EPS versus the $0.76 consensus and $4.07 billion in revenue versus estimates of $3.60 billion. The company reaffirmed fiscal 2026 EPS guidance of $6.00–$6.20.

Consolidated Edison (NYSE:ED - Get Free Report) had its target price dropped by investment analysts at Morgan Stanley from $105.00 to $101.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "underweight" rating on the utilities provider's stock. Morgan Stanley's price objective suggests a potential downside of 5.90% from the stock's previous close.

Several other equities analysts also recently issued reports on ED. Mizuho set a $114.00 price objective on shares of Consolidated Edison in a research note on Monday, July 27th. Weiss Ratings reiterated a "buy (b)" rating on shares of Consolidated Edison in a report on Tuesday, July 21st. Evercore reissued a "positive" rating and set a $112.00 price target on shares of Consolidated Edison in a research note on Monday. Barclays decreased their price objective on Consolidated Edison from $112.00 to $106.00 and set an "underweight" rating on the stock in a report on Friday, August 7th. Finally, KeyCorp reduced their target price on Consolidated Edison from $97.00 to $94.00 and set an "underweight" rating on the stock in a research report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and six have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $108.93.

Consolidated Edison Price Performance

Consolidated Edison stock traded down $0.98 during midday trading on Friday, reaching $107.33. 313,858 shares of the company were exchanged, compared to its average volume of 2,248,868. The company has a market capitalization of $39.69 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 2.80 and a beta of 0.27. The firm's 50-day simple moving average is $109.99 and its 200-day simple moving average is $109.91. Consolidated Edison has a 1 year low of $94.96 and a 1 year high of $116.23. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27.

Consolidated Edison (NYSE:ED - Get Free Report) last released its earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.07. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. The company had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same period in the prior year, the firm earned $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts anticipate that Consolidated Edison will post 6.09 EPS for the current year.

Hedge Funds Weigh In On Consolidated Edison

Hedge funds have recently made changes to their positions in the stock. Basepoint Wealth LLC acquired a new position in Consolidated Edison in the fourth quarter valued at $26,000. JPL Wealth Management LLC purchased a new stake in shares of Consolidated Edison during the 3rd quarter worth about $26,000. Sachetta LLC grew its holdings in shares of Consolidated Edison by 72.9% during the 1st quarter. Sachetta LLC now owns 242 shares of the utilities provider's stock worth $27,000 after purchasing an additional 102 shares during the period. Aberdeen Wealth Management LLC acquired a new stake in Consolidated Edison during the 2nd quarter worth approximately $27,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in Consolidated Edison in the second quarter valued at approximately $30,000. Institutional investors and hedge funds own 66.29% of the company's stock.

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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