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An announcement from Consolidated Edison ( (ED) ) is now available.
Consolidated Edison, Inc., through its subsidiary, has entered into an agreement to sell its 6.6 percent interest in Mountain Valley Pipeline, LLC to an Ares Management fund for $357.5 million. This transaction, expected to close in the first half of 2026, will help Con Edison offset its common equity needs for the year and support other corporate purposes, although it remains subject to customary closing conditions and potential preferential rights of MVP’s founding members.
The most recent analyst rating on (ED) stock is a Sell with a $98.00 price target. To see the full list of analyst forecasts on Consolidated Edison stock, see the ED Stock Forecast page.
Spark’s Take on ED Stock
According to Spark, TipRanks’ AI Analyst, ED is a Neutral.
Consolidated Edison scores well due to its solid financial performance, characterized by stable revenue growth and profitability. The technical analysis indicates a neutral trend, while the valuation suggests the stock is reasonably priced with an attractive dividend yield. The absence of earnings call data and corporate events does not impact the overall score.
To see Spark’s full report on ED stock, click here.
More about Consolidated Edison
Average Trading Volume: 2,114,289
Technical Sentiment Signal: Strong Buy
Current Market Cap: $36.15B
Learn more about ED stock on TipRanks’ Stock Analysis page.