JPMorgan, KeyBanc Update Views on Consolidated Edison (ED) while Maintaining Underweight Ratings

Consolidated Edison, Inc. (NYSE:ED) is included among the 14 Quality Stocks with Highest Dividends.

On March 12, JPMorgan raised its price recommendation on Consolidated Edison, Inc. (NYSE:ED) to $113 from $107. It reiterated an Underweight rating on the shares. The firm said it had updated its models across the North American utilities group.

On March 4, KeyBanc also raised its price objective on Consolidated Edison, moving it to $96 from $86, while maintaining an Underweight rating. The firm pointed to the company’s Q4 results and a detailed update that included 2026 guidance, a refreshed capital plan, long-term EPS CAGR expectations, and an updated financing plan. It noted that these were largely in line with what it had anticipated.

Earlier in February, the company announced a public offering of 7,000,000 common shares. As part of the forward sale agreement, the forward counterparty agreed to borrow shares from third parties and sell them to J.P. Morgan Securities LLC, which is acting as the underwriter for the offering. The underwriter may sell the shares through the New York Stock Exchange LLC, in the over-the-counter market, or through negotiated transactions, either at market prices or at agreed-upon prices.

Consolidated Edison, Inc. (NYSE:ED) is one of the largest investor-owned energy delivery companies in the United States. It offers a broad range of energy-related products and services through its subsidiaries.

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