Consolidated Edison (NYSE:ED) Stock Gets Price Target Increase from Wells Fargo & Company

Consolidated Edison (NYSE:ED) had its price objective increased by equities researchers at Wells Fargo & Company from $118.00 to $134.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price points to a potential upside of 11.37% from the company’s current price.

A number of other research analysts also recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Consolidated Edison in a research note on Monday, October 19th. LADENBURG THALM/SH SH increased their price objective on shares of Consolidated Edison from $101.00 to $113.50 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Mizuho set a $108.00 price target on Consolidated Edison in a research report on Wednesday, October 7th. Bank of America decreased their price objective on shares of Consolidated Edison from $105.00 to $96.00 in a research report on Friday, October 2nd. Finally, KeyCorp decreased their price target on shares of Consolidated Edison from $94.00 to $87.00 and set an “underweight” rating for the company in a research report on Tuesday, October 13th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $109.74.

Consolidated Edison Price Performance

NYSE ED traded down $1.12 during mid-day trading on Friday, hitting $120.32. The stock had a trading volume of 456,347 shares, compared to its average volume of 2,241,747. The company has a market cap of $44.50 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 4.16 and a beta of 0.23. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 1.04. Consolidated Edison has a 52-week low of $94.96 and a 52-week high of $122.75. The company has a 50 day simple moving average of $108.69 and a 200 day simple moving average of $109.28.

Consolidated Edison (NYSE:ED) last announced its earnings results on Thursday, November 5th. The utilities provider reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.04. The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%. During the same quarter in the prior year, the firm earned $1.90 EPS. Equities analysts forecast that Consolidated Edison will post 6.10 EPS for the current fiscal year.

Hedge Funds Weigh In On Consolidated Edison

A number of hedge funds have recently added to or reduced their stakes in ED. Point Windward Advisors Inc. bought a new position in shares of Consolidated Edison in the 3rd quarter valued at approximately $215,000. Eurizon Capital SGR S.p.A. lifted its holdings in Consolidated Edison by 0.6% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 336,540 shares of the utilities provider’s stock worth $34,414,000 after purchasing an additional 2,079 shares during the last quarter. Werba Rubin Papier Wealth Management lifted its holdings in Consolidated Edison by 7.0% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 3,120 shares of the utilities provider’s stock worth $319,000 after purchasing an additional 205 shares during the last quarter. Jacobi Capital Management LLC boosted its position in Consolidated Edison by 4.8% during the third quarter. Jacobi Capital Management LLC now owns 4,528 shares of the utilities provider’s stock worth $463,000 after purchasing an additional 208 shares during the period. Finally, Jefferies Financial Group Inc. bought a new stake in Consolidated Edison during the third quarter worth approximately $3,334,000. Institutional investors and hedge funds own 66.29% of the company’s stock.

More Consolidated Edison News

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

• Positive Sentiment: Con Edison reported third-quarter adjusted EPS of $2.07, up from $1.90 a year earlier, and revenue rose 8.5% year over year. EPS beat FactSet’s $2.03 estimate, although it matched Zacks’ $2.07 estimate—accounting for conflicting “beat” and “miss” headlines. Con Edison Q3 earnings release
• Positive Sentiment: Mizuho raised its price target on ED to $124 from $108, indicating a more favorable valuation outlook from that analyst. Mizuho price target update
• Neutral Sentiment: The company narrowed its 2026 earnings guidance and outlined $38 billion in planned investments. The narrowed range provides updated visibility, but the news provided does not specify whether the change raises or lowers the outlook. Q3 results, guidance and investment plans
• Negative Sentiment: A separate earnings analysis flagged growing dilution risk, a potential concern for shareholders as the utility funds its investment program. Q3 analysis and dilution risk

Consolidated Edison Company Profile

Consolidated Edison, Inc is a diversified energy company headquartered in New York City. Through its regulated utility subsidiaries, the company delivers electricity, natural gas and steam to residential, commercial and industrial customers.

Its principal subsidiary, Consolidated Edison Company of New York, provides electric service throughout New York City and Westchester County, along with gas service in Manhattan, the Bronx, parts of Queens and Westchester County, and steam service in parts of Manhattan.