Consolidated Edison Review Following CEB Sale Announcement 
<p>RBC Capital analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/ED'>Consolidated Edison, Inc. (NYSE:ED)</a>, slightly raising their price target to $90 from $89, while reiterating their sector perform rating.</p>
<p>With the sale ($8.6 billion, estimated to close in H1/23) of the Clean Energy Business (CEB), the management’s sole focus will be on strengthening its regulated utilities business. The analysts believe Consolidated Edison could hold off on equity until 2025. One negative is the potential exclusion of the company’s stock from clean energy indexes. </p>
<p>Although management did not comment on whether it believes the sale will be accretive or dilutive to earnings, the analysts’ model suggests that it will be slightly accretive. The analysts raised their 2022–25 adjusted EPS estimates to $4.51 / $4.83 / $5.08 / $5.33 from $4.50 / $4.80 / $5.05 / $5.29, respectively. </p>

NYSE:ED