KeyBanc Lifts Con Edison (ED) Target to $96 on Updated Capital Plan and Guidance

Group 1 - Consolidated Edison, Inc. (NYSE:ED) is recognized as one of the Dividend Kings, highlighting its strong dividend performance [1] - KeyBanc raised its price target for Consolidated Edison to $96 from $86 while maintaining an Underweight rating, indicating that the company's recent fourth-quarter results and future guidance were largely in line with expectations [2] - The company announced a public offering of 7 million common shares, which will be underwritten by J.P. Morgan Securities, with proceeds aimed at supporting capital needs and general corporate purposes [3][4] Group 2 - Consolidated Edison operates as an energy-delivery company through its subsidiaries, providing a variety of energy-related products and services [5] - The settlement of the share offering agreement is expected by December 31, 2026, although the company may opt for earlier settlement or cash alternatives [4]