Consolidated Edison, Inc. (NYSE:ED) has coverage initiated with a Underperform rating and $32.00 price target

ME Staff
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Analyst Ratings For Consolidated Edison, Inc. (NYSE:ED)

Today, Howard Weil initiated coverage on Consolidated Edison, Inc. (NYSE:ED) with a Underperform with a price target of $32.00.

There are 5 Hold Ratings, 4 Sell Ratings, 1 Buy Ratings, no Strong Buy Ratings on the stock.

The current consensus rating on Consolidated Edison, Inc. (NYSE:ED) is Hold with a consensus target price of $76.1667 per share, a potential 1.67% downside.

Some recent analyst ratings include

  • 7/24/2018-Howard Weil initiated coverage with a Underperform rating.
  • 7/10/2018-Barclays initiated coverage with a Equal Weight rating.
  • 2/2/2018-UBS Group initiated coverage with a Neutral rating.
  • 1/3/2018-Guggenheim Reiterated Rating of Hold.
  • 10/24/2017-Bank of America initiated coverage with a Buy rating.

Recent Insider Trading Activity For Consolidated Edison, Inc. (NYSE:ED)
Consolidated Edison, Inc. (NYSE:ED) has insider ownership of 0.19% and institutional ownership of 57.24%.

  • On 6/30/2018 Elizabeth D. Moore, SVP, bought 57 with an average share price of $73.61 per share and the total transaction amounting to $4,195.77.
  • On 6/30/2018 John Mcavoy, Chairman, bought 64 with an average share price of $73.61 per share and the total transaction amounting to $4,711.04.
  • On 6/30/2018 Robert Muccilo, VP, bought 96 with an average share price of $73.61 per share and the total transaction amounting to $7,066.56.
  • On 6/30/2018 Robert N Hoglund, CFO, bought 123 with an average share price of $73.61 per share and the total transaction amounting to $9,054.03.
  • On 6/30/2018 Robert Sanchez, CEO, bought 53 with an average share price of $73.61 per share and the total transaction amounting to $3,901.33.
  • On 6/30/2018 Timothy Cawley, Insider, bought 59 with an average share price of $73.61 per share and the total transaction amounting to $4,342.99.
  • On 5/31/2018 Elizabeth D Moore, SVP, bought 29 with an average share price of $76.72 per share and the total transaction amounting to $2,224.88.

About Consolidated Edison, Inc. (NYSE:ED)
Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.4 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,600 customers in parts of Manhattan. It also supplies electricity to approximately 0.3 million customers in southeastern New York, and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. The company operates 532 circuit miles of transmission lines; 39 transmission substations; 62 distribution substations; 85,835 in-service line transformers; 3,743 pole miles of overhead distribution lines; and 2,138 miles of underground distribution lines, as well as 4,395 miles of mains and 317,236 service lines for natural gas distribution. In addition, it owns, operates, and develops renewable and energy infrastructure projects; and provides energy-related products and services to wholesale and retail customers, as well as invests in electric and gas transmission projects. The company primarily sells electricity to industrial, commercial, residential, and governmental customers. Consolidated Edison, Inc. was founded in 1884 and is based in New York, New York.

Recent Trading Activity for Consolidated Edison, Inc. (NYSE:ED)
Shares of Consolidated Edison, Inc. closed the previous trading session at 77,46 −0,59 0,76 % with 992200 shares trading hands.