Published On: Wed, Sep 14th, 2016

Recent Investment Analysts’ Ratings Updates for Consolidated Edison (ED)

A number of firms have modified their ratings and price targets on shares of Consolidated Edison (NYSE: ED) recently:

9/14/2016 – Consolidated Edison had its price target lowered by analysts at Goldman Sachs Group Inc. from $72.00 to $70.00. They now have a “sell” rating on the stock.
9/14/2016 – Consolidated Edison was upgraded by analysts at Jefferies Group from a “hold” rating to a “buy” rating. They now have a $82.00 price target on the stock.
9/7/2016 – Consolidated Edison was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $74.71 price target on the stock.
9/6/2016 – Consolidated Edison was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $73.97 price target on the stock.
8/12/2016 – Consolidated Edison is now covered by analysts at Citigroup Inc.. They set a “neutral” rating and a $76.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
8/8/2016 – Consolidated Edison had its price target raised by analysts at Mizuho from $72.00 to $75.00. They now have a “neutral” rating on the stock.
8/1/2016 – Consolidated Edison had its “hold” rating reaffirmed by analysts at Jefferies Group.
7/18/2016 – Consolidated Edison was upgraded by analysts at Vetr from a “strong sell” rating to a “sell” rating. They now have a $75.75 price target on the stock.

Consolidated Edison Inc. (NYSE:ED) traded up 1.73% on Wednesday, hitting $74.50. The company had a trading volume of 587,799 shares. Consolidated Edison Inc. has a one year low of $60.30 and a one year high of $81.88. The stock has a market capitalization of $22.68 billion and a PE ratio of 19.31. The stock has a 50 day moving average of $77.48 and a 200-day moving average of $75.97.
Consolidated Edison (NYSE:ED) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.09. Consolidated Edison had a return on equity of 8.88% and a net margin of 9.47%. During the same period in the prior year, the business posted $0.78 EPS. Equities analysts anticipate that Consolidated Edison Inc. will post $3.97 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 17th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend is Monday, August 15th. Consolidated Edison’s dividend payout ratio (DPR) is currently 69.25%.
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) and Con Edison Transmission, Inc It owns competitive energy businesses. The Company also owns Con Edison Transmission, Inc (Con Edison Transmission), which invests in electric and gas transmission projects through its subsidiaries, Consolidated Edison Transmission, LLC (CET Electric) and Con Edison Gas Midstream, LLC (CET Gas).

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