KeyCorp Has Lowered Expectations for Consolidated Edison (NYSE:ED) Stock Price

Consolidated Edison (NYSE:ED) had its price objective decreased by equities research analysts at KeyCorp from $97.00 to $94.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has an “underweight” rating on the utilities provider’s stock. KeyCorp’s target price suggests a potential downside of 16.79% from the company’s previous close. KeyCorp also issued estimates for Consolidated Edison’s Q2 2026 earnings at $0.65 EPS, Q3 2026 earnings at $2.24 EPS and FY2030 earnings at $7.77 EPS.

ED has been the topic of a number of other research reports. Morgan Stanley reissued an “underweight” rating on shares of Consolidated Edison in a research report on Wednesday. The Goldman Sachs Group reaffirmed a “sell” rating and set a $105.00 price objective on shares of Consolidated Edison in a report on Thursday, May 14th. Wells Fargo & Company set a $98.00 target price on shares of Consolidated Edison in a research note on Tuesday, April 21st. Barclays dropped their target price on shares of Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating on the stock in a report on Monday, May 11th. Finally, Mizuho reissued a “neutral” rating and set a $105.00 target price on shares of Consolidated Edison in a research report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $107.87.

Consolidated Edison Stock Up 0.2%

ED opened at $112.97 on Thursday. The business has a 50 day moving average price of $109.04 and a 200 day moving average price of $109.01. Consolidated Edison has a twelve month low of $94.96 and a twelve month 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. The firm has a market cap of $41.63 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 2.93 and a beta of 0.27.

Hedge Funds Weigh In On Consolidated Edison

Several large investors have recently bought and sold shares of ED. Lazard Asset Management LLC grew its position in Consolidated Edison by 121,543.9% in the 3rd quarter. Lazard Asset Management LLC now owns 5,960,553 shares of the utilities provider’s stock worth $599,155,000 after purchasing an additional 5,955,653 shares during the last quarter. Norges Bank acquired a new position in shares of Consolidated Edison during the fourth quarter valued at about $489,806,000. Deutsche Bank AG lifted its stake in shares of Consolidated Edison by 101.4% in the fourth quarter. Deutsche Bank AG now owns 3,617,361 shares of the utilities provider’s stock valued at $359,276,000 after buying an additional 1,820,877 shares during the period. Amundi grew its position in Consolidated Edison by 66.2% during the first quarter. Amundi now owns 3,872,404 shares of the utilities provider’s stock worth $438,272,000 after buying an additional 1,543,069 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in Consolidated Edison during the fourth quarter worth about $113,977,000. 66.29% of the stock is currently owned by institutional investors and hedge funds.

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.