Consolidated Edison Inc. (NYSE:ED) is among them Stock Kings List: Top 15 Stocks.
On March 4, KeyBanc in Consolidated Edison, Inc. (NYSE:ED) upped their price target to $96 from $86 and maintained an underweight rating on the stock. The company noted that the company recently reported fourth quarter results and provided investors with extensive updates. This included guidance for 2026, an updated capital plan, long-term EPS CAGR outlook, and an updated financing plan. According to analysts, most of these items came in largely in line with expectations.
On February 23, Consolidated Edison also announced a public offering of 7 million common shares. The shares will be sold by JP Morgan Securities, which is acting as underwriter. Shares will be borrowed from a third party by the counterparty and then sold in the market. Pursuant to the forward sale agreement, ConEdison expects to share and deliver the same number of shares at the end of the agreement. At this point, the company will receive cash based on a predetermined price.
The company said it plans to use the proceeds to support capital needs for its subsidiaries and for general corporate purposes. The deal is expected to be finalized by December 31, 2026. ConEdison may choose a cash or net dividend settlement depending on the circumstances.
Consolidated Edison Inc. (NYSE:ED) operates as an energy delivery company. Through its subsidiaries, including Edison Company of New York (CECONY), Orange and Rockland Utilities Inc. (O&R), and Con Edison Transmission Inc., provide energy related products and services to its customers.
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Read more: The 40 most popular stocks among hedge funds heading into 2026 And the 13 best defensive dividend stocks for 2026.
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