JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Consolidated Edison (NYSE:ED) Stock

Consolidated Edison (NYSE:ED) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from $107.00 to $113.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 1.61% from the company’s previous close.

Several other analysts also recently commented on the company. Scotiabank increased their price objective 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. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $118.00 price objective on shares of Consolidated Edison in a report on Friday, January 23rd. KeyCorp upped their target price on shares of Consolidated Edison from $86.00 to $96.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Consolidated Edison in a research report on Monday, December 29th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $104.00 price objective on shares of Consolidated Edison in a research report on Wednesday, February 25th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Consolidated Edison has a consensus rating of “Reduce” and an average target price of $108.80.

Consolidated Edison Trading Up 1.5%

ED opened at $114.85 on Thursday. Consolidated Edison has a twelve month low of $94.96 and a twelve month high of $115.37. The company has a fifty day moving average of $107.57 and a 200-day moving average of $101.90. The stock has a market cap of $41.49 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 3.04 and a beta of 0.38. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 1.06.

Consolidated Edison (NYSE:ED) last released its earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.03. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. Consolidated Edison’s revenue for the quarter was up 8.9% on a year-over-year basis. 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 5.62 EPS for the current year.

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 stock was sold at an average price of $113.94, for a total value of $218,992.68. Following the completion of the transaction, the senior vice president 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Basepoint Wealth LLC bought a new position in shares of Consolidated Edison during the fourth quarter valued at $26,000. JPL Wealth Management LLC purchased a new stake in shares of Consolidated Edison during the third quarter valued at $26,000. Aventura Private Wealth LLC bought a new stake in Consolidated Edison in the 4th quarter worth about $27,000. Westfuller Advisors LLC bought a new position in Consolidated Edison during the 4th quarter valued at about $27,000. Finally, Dorato Capital Management purchased a new stake in shares of Consolidated Edison during the 4th quarter valued at about $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.