Goldman Sachs Initiates Coverage of Consolidated Edison (ED) with Sell Recommendation
Fintel reports that on June 8, 2023, Goldman Sachs initiated coverage of Consolidated Edison (NYSE:ED) with a Sell recommendation.
Analyst Price Forecast Suggests 1.35% Downside
As of June 1, 2023, the average one-year price target for Consolidated Edison is 92.73. The forecasts range from a low of 70.70 to a high of $108.15. The average price target represents a decrease of 1.35% from its latest reported closing price of 94.00.
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The projected annual revenue for Consolidated Edison is 14,872MM, a decrease of 7.13%. The projected annual non-GAAP EPS is 4.94.
Consolidated Edison Declares $0.81 Dividend
On April 20, 2023 the company declared a regular quarterly dividend of $0.81 per share ($3.24 annualized). Shareholders of record as of May 17, 2023 will receive the payment on June 15, 2023. Previously, the company paid $0.81 per share.
At the current share price of $94.00 / share, the stock's dividend yield is 3.45%.