Consolidated Edison’s (ED) “Neutral” Rating Reiterated at Mizuho

Consolidated Edison (NYSE:ED)‘s stock had its “neutral” rating reissued by stock analysts at Mizuho in a research report issued on Tuesday, MarketBeat Ratings reports. They presently have a $105.00 target price on the utilities provider’s stock. Mizuho’s price target would indicate a potential upside of 1.27% from the stock’s previous close.

ED has been the topic of a number of other research reports. KeyCorp lifted their price objective 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. TD Cowen lifted their price objective on shares of Consolidated Edison from $105.00 to $112.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Bank of America reiterated an “underperform” rating and set a $104.00 price objective on shares of Consolidated Edison in a research note on Wednesday, February 25th. Weiss Ratings upgraded shares of Consolidated Edison from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Finally, Morgan Stanley set a $99.00 price target on shares of Consolidated Edison in a research note on Thursday, May 21st. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $107.79.

Consolidated Edison Trading Down 1.8%

NYSE ED opened at $103.69 on Tuesday. The firm has a market capitalization of $38.21 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 2.68 and a beta of 0.27. The company’s 50 day moving average price is $109.61 and its 200 day moving average price is $106.18. Consolidated Edison has a one year low of $94.96 and a one year high of $116.23. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings data on Thursday, May 7th. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.10). The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. During the same quarter in the prior year, the business earned $2.26 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 6.09 EPS for the current year.

Insiders Place Their Bets

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

Institutional Trading of Consolidated Edison

Several institutional investors have recently added to or reduced their stakes in the business. Sachetta LLC boosted its holdings in shares of Consolidated Edison by 72.9% during the first quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 102 shares during the period. JPL Wealth Management LLC acquired a new position in shares of Consolidated Edison during the third quarter valued at $26,000. Basepoint Wealth LLC acquired a new position in shares of Consolidated Edison during the fourth quarter valued at $26,000. Aventura Private Wealth LLC acquired a new position in shares of Consolidated Edison during the fourth quarter valued at $27,000. Finally, Westfuller Advisors LLC acquired a new position in shares of Consolidated Edison during the fourth quarter valued at $27,000. Institutional investors 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.