Consolidated Edison (NYSE:ED) Price Target Raised to $108.00

Consolidated Edison (NYSE:ED) had its price objective hoisted by equities research analysts at Wells Fargo & Company from $106.00 to $108.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 0.33% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Morgan Stanley reiterated an “underweight” rating on shares of Consolidated Edison in a research note on Wednesday, July 22nd. Argus set a $112.00 price target on shares of Consolidated Edison in a report on Tuesday, June 23rd. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $105.00 price objective on shares of Consolidated Edison in a research report on Thursday, May 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Consolidated Edison in a research note on Tuesday, July 21st. Finally, Mizuho set a $114.00 target price on shares of Consolidated Edison in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, Consolidated Edison has a consensus rating of “Reduce” and a consensus target price of $109.07.

Consolidated Edison Stock Down 1.2%

ED stock traded down $1.30 during trading on Friday, hitting $107.65. 556,348 shares of the company’s stock traded hands, compared to its average volume of 2,246,355. The firm has a market capitalization of $39.67 billion, a P/E ratio of 18.17, a PEG ratio of 2.81 and a beta of 0.27. Consolidated Edison has a 1 year low of $94.96 and a 1 year high of $116.23. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.00. The business has a fifty day simple moving average of $109.43 and a two-hundred day simple moving average of $109.67.

Consolidated Edison (NYSE:ED) last announced its earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.07. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.60 billion. Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.During the same quarter last year, the firm earned $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts anticipate that Consolidated Edison will post 6.09 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Basepoint Wealth LLC acquired a new stake in Consolidated Edison during the fourth quarter worth about $26,000. JPL Wealth Management LLC acquired a new position in shares of Consolidated Edison in the 3rd quarter valued at $26,000. Westfuller Advisors LLC purchased a new stake in Consolidated Edison during the fourth quarter worth $27,000. Sachetta LLC grew its position in Consolidated Edison by 72.9% during the first quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock valued at $27,000 after buying an additional 102 shares during the period. Finally, WealthCollab LLC increased its holdings in Consolidated Edison by 68.4% in the fourth quarter. WealthCollab LLC now owns 315 shares of the utilities provider’s stock valued at $31,000 after buying an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Consolidated Edison News Roundup

Here are the key news stories impacting Consolidated Edison this week:

• Positive Sentiment: Con Edison reported second-quarter adjusted EPS of $0.83, up from $0.67 a year earlier and above the $0.74–$0.76 analyst consensus range. Net income increased to $308 million from $246 million. Consolidated Edison Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Revenue reached $4.07 billion, well above the $3.60 billion estimate. The company benefited from higher electric and gas rate bases, while strong power demand also helped results. Consolidated Edison Beats Profit Estimates on Strong Power Demand
• Neutral Sentiment: Con Edison maintained its 2026 EPS outlook at $6.00–$6.20, a range that includes the roughly $6.11 analyst consensus. This provides stability but does not represent a meaningful guidance increase. Con Edison Reports 2026 Second Quarter Earnings
• Negative Sentiment: The muted market reaction likely reflects the absence of a substantial upward revision to full-year expectations. Investors may also be weighing the utility’s modest return on equity of 8.33% and the stock’s valuation, despite the quarterly earnings and revenue beats.

Consolidated Edison Company Profile

Consolidated Edison, Inc, commonly known as Con Edison, is an investor-owned energy company that primarily delivers electricity, natural gas and steam to customers in the New York metropolitan area. Its regulated utility operations include the distribution and transmission of electric power, the distribution of natural gas, and the operation of one of the largest district steam systems in the United States, serving commercial, institutional and residential customers in New York City and nearby counties.

The company operates through regulated utility subsidiaries that serve urban and suburban service territories, together with non-utility businesses that develop, own and manage energy infrastructure and clean energy projects.