Consolidated Edison (NYSE:ED) Given New $108.00 Price Target at Wells Fargo & Company

Consolidated Edison (NYSE:ED) had its price target increased by Wells Fargo & Company from $106.00 to $108.00 in a research report sent to investors on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the utilities provider’s stock.

Several other analysts have also recently commented on ED. Morgan Stanley reiterated an “underweight” rating on shares of Consolidated Edison in a research note on Wednesday, July 22nd. Evercore set a $116.00 price objective on Consolidated Edison in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Consolidated Edison in a report on Tuesday, July 21st. Mizuho set a $114.00 target price on Consolidated Edison in a research report on Monday, July 27th. Finally, KeyCorp decreased their target price on Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating on the stock in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, Consolidated Edison presently has an average rating of “Reduce” and an average price target of $109.07.

Consolidated Edison Trading Down 0.8%

Shares of ED opened at $108.03 on Friday. The firm has a market cap of $39.81 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 2.83 and a beta of 0.27. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.19 and a quick ratio of 1.09. Consolidated Edison has a 1 year low of $94.96 and a 1 year high of $116.23. The company has a 50 day simple moving average of $109.47 and a two-hundred day simple moving average of $109.66.

Consolidated Edison (NYSE:ED) last released its earnings results on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.53%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.60 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts expect that Consolidated Edison will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.8875 per share. The ex-dividend date is Wednesday, August 19th. This represents a $3.55 annualized dividend and a yield of 3.3%. Consolidated Edison’s dividend payout ratio (DPR) is 59.76%.

Hedge Funds Weigh In On Consolidated Edison

A number of institutional investors and hedge funds have recently made changes to their positions in ED. Sachetta LLC lifted its holdings in shares of Consolidated Edison by 72.9% in the 1st quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 102 shares during the last quarter. JPL Wealth Management LLC bought a new stake in Consolidated Edison during the third quarter worth approximately $26,000. Basepoint Wealth LLC bought a new stake in Consolidated Edison during the fourth quarter worth approximately $26,000. Westfuller Advisors LLC purchased a new stake in Consolidated Edison during the fourth quarter valued at approximately $27,000. Finally, WealthCollab LLC raised its position in Consolidated Edison by 68.4% during the fourth quarter. WealthCollab LLC now owns 315 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 128 shares during the period. 66.29% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Consolidated Edison

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

• Positive Sentiment: Second-quarter adjusted and reported EPS reached $0.83, well above analysts’ estimates of roughly $0.74–$0.76 and up from $0.67 a year earlier. Revenue rose to $4.07 billion, exceeding the $3.60 billion consensus estimate. Consolidated Edison Q2 Earnings Top Estimates, Revenues Rise Y/Y
• Positive Sentiment: Net income increased 25% to $308 million from $246 million, helped by robust power demand and growth in the electric and gas rate bases. The results indicate that regulated rate recovery and higher usage are supporting earnings. Consolidated Edison beats profit estimates on strong power demand
• Positive Sentiment: Management maintained its 2026 EPS outlook of $6.00–$6.20 and reaffirmed its investment plans, providing continued visibility into earnings and capital spending. Con Edison Reports 2026 Second Quarter Earnings
• Neutral Sentiment: Wells Fargo raised its price target from $106 to $108 but retained an Equal Weight rating, signaling limited near-term upside after the earnings release. Wells Fargo price target update
• Negative Sentiment: Despite the quarterly beat, Consolidated Edison did not increase its full-year guidance. Investors may also remain cautious about the utility’s valuation, interest-rate sensitivity, and debt-funded investment requirements, which can limit enthusiasm for the shares.

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.