Consolidated Edison (ED) continues to navigate a complex market environment. Amid sector headwinds, Morgan Stanley has updated its ED price target, and the company recently received a hold rating from TD Cowen. As the New York rate plan and the company's pipeline exit unfolds, the valuation of Consolidated Edison is thrust into sharper focus. Despite these challenges, ED's strong institutional backing, with a 72% ownership, suggests a reliable investment. The utility company is progressing a major NY infrastructure plan and has recently reduced proposed rate increases due to public outcry, showing responsiveness to its stakeholders. Yet, there has been public disapproval against their initial rate hike proposal resonating across New York. ED's recent earnings exceeded expectations, strengthening its position among cheap dividend stocks. However, questions around the company's valuation persist, especially with the price target being lowered by Barclays. ED is also divesting its interest in Mountain Valley Pipeline which demands a reassessment of its intrinsic value and valuation. Nonetheless, their reliable dividend performance, and steady growth keeps it a top value stock for long-term investment.
Consolidated Edison ED News Analytics from Thu, 20 Feb 2025 08:00:00 GMT to Sat, 10 Jan 2026 16:28:45 GMT -
Rating 1
- Innovation 5
- Information 7
- Rumor 5
