11:15 AM EDT, 05/12/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target by $2 to $112, 18.2x our next-12-month EPS estimate of $6.16, below peers based on a weaker growth profile. We lift our 2026 EPS estimate by $0.09 to $6.11 and lift 2027 EPS by $0.14 to $6.49. ED delivered Q1 2026 adjusted EPS of $2.18, down from $2.26 in the prior year and missing consensus by 3.8%, primarily due to higher O&M expenses at CECONY and dilution from equity issuance, partially offset by rate-base growth. The completed MVP sale for $357.5M and pending Honeoye sale for $5M represent a clear strategic shift toward a pure-play regulated utility model, reducing exposure to non-regulated, market-exposed assets. The proceeds also reduce near-term financing pressure, potentially allowing the company to moderate the pace of equity issuance and limit further dilution beyond the planned $1.1B in 2026. We project 2025-2028 compounded annual EPS and dividend growth rates of 6.7% and 4.7%, respectively, below our expectations for multi-utilities group medians of 7.5% and 6.2%.