Consolidated Edison, Inc. (NYSE:ED) has earned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $80.72.

Several equities research analysts have weighed in on ED shares. Zacks Investment Research cut shares of Consolidated Edison from a “hold” rating to a “sell” rating in a research report on Wednesday, April 18th. Morgan Stanley raised their target price on shares of Consolidated Edison from $74.00 to $77.00 and gave the stock an “underweight” rating in a research report on Monday, April 16th. ValuEngine cut shares of Consolidated Edison from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. UBS initiated coverage on shares of Consolidated Edison in a research report on Friday, February 2nd. They issued a “neutral” rating and a $80.00 target price for the company. Finally, JPMorgan Chase increased their price target on shares of Consolidated Edison from $75.00 to $78.00 and gave the stock a “sell” rating in a research note on Tuesday, April 10th.

Several hedge funds have recently made changes to their positions in ED. Dimensional Fund Advisors LP grew its stake in shares of Consolidated Edison by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 613,255 shares of the utilities provider’s stock worth $49,478,000 after acquiring an additional 3,253 shares during the period. Atlantic Trust Group LLC grew its stake in shares of Consolidated Edison by 18.1% in the third quarter. Atlantic Trust Group LLC now owns 34,059 shares of the utilities provider’s stock worth $2,747,000 after acquiring an additional 5,210 shares during the period. QUANTRES ASSET MANAGEMENT Ltd grew its stake in shares of Consolidated Edison by 60.7% in the fourth quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 14,300 shares of the utilities provider’s stock worth $1,215,000 after acquiring an additional 5,400 shares during the period. DnB Asset Management AS grew its stake in shares of Consolidated Edison by 1.8% in the fourth quarter. DnB Asset Management AS now owns 40,409 shares of the utilities provider’s stock worth $3,433,000 after acquiring an additional 700 shares during the period. Finally, North Star Investment Management Corp. grew its stake in shares of Consolidated Edison by 59.8% in the fourth quarter. North Star Investment Management Corp. now owns 3,678 shares of the utilities provider’s stock worth $312,000 after acquiring an additional 1,376 shares during the period. Hedge funds and other institutional investors own 56.58% of the company’s stock.

Shares of ED stock opened at $80.43 on Wednesday. The company has a market cap of $24,661.05, a P/E ratio of 19.67, a price-to-earnings-growth ratio of 4.67 and a beta of 0.05. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.65 and a current ratio of 0.72. Consolidated Edison has a 12 month low of $73.73 and a 12 month high of $89.70.

Consolidated Edison (NYSE:ED) last posted its earnings results on Thursday, February 15th. The utilities provider reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.02. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.64 billion. Consolidated Edison had a net margin of 12.67% and a return on equity of 8.51%. Consolidated Edison’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 EPS. research analysts forecast that Consolidated Edison will post 4.26 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Wednesday, May 16th will be paid a $0.715 dividend. The ex-dividend date is Tuesday, May 15th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.56%. Consolidated Edison’s dividend payout ratio is presently 69.93%.

About Consolidated Edison

Consolidated Edison, Inc (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc (CECONY), Orange and Rockland Utilities, Inc (O&R), Con Edison Clean Energy Businesses, Inc (the Clean Energy Businesses) and Con Edison Transmission, Inc (Con Edison Transmission).

Analyst Recommendations for Consolidated Edison (NYSE:ED)

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