Wells Fargo & Company Forecasts Strong Price Appreciation for Consolidated Edison (NYSE:ED) Stock

Consolidated Edison (NYSE:ED) had its price target hoisted by investment analysts at Wells Fargo & Company from $118.00 to $134.00 in a report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 11.37% from the stock’s previous close.

Several other analysts have also commented on ED. Royal Bank Of Canada reduced their target price on shares of Consolidated Edison from $110.00 to $109.00 in a research report on Monday, October 26th. KeyCorp dropped their price objective on Consolidated Edison from $94.00 to $87.00 and set an “underweight” rating on the stock in a research note on Tuesday, October 13th. Mizuho set a $108.00 price objective on Consolidated Edison in a research note on Wednesday, October 7th. Bank of America reduced their price objective on Consolidated Edison from $105.00 to $96.00 in a report on Friday, October 2nd. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $105.00 target price (down from $121.00) on shares of Consolidated Edison in a research report on Tuesday, October 6th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $109.74.

Consolidated Edison Stock Down 0.9%

Shares of Consolidated Edison stock traded down $1.12 during trading hours on Friday, reaching $120.32. The company’s stock had a trading volume of 456,347 shares, compared to its average volume of 2,241,747. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27. The stock’s fifty day simple moving average is $108.69 and its two-hundred day simple moving average is $109.28. The company has a market capitalization of $44.50 billion, a P/E ratio of 19.76, a P/E/G ratio of 4.16 and a beta of 0.23. Consolidated Edison has a one year low of $94.96 and a one year high of $122.75.

Consolidated Edison (NYSE:ED) last released its quarterly earnings results on Thursday, November 5th. The utilities provider reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.04. The company had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.75 billion. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. During the same period last year, the firm earned $1.90 earnings per share. On average, research analysts forecast that Consolidated Edison will post 6.10 earnings per share for the current year.

Institutional Investors Weigh In On Consolidated Edison

Several hedge funds have recently added to or reduced their stakes in ED. Aberdeen Wealth Management LLC acquired a new position in Consolidated Edison during the second quarter worth $27,000. Sachetta LLC raised its stake 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 period. Activest Wealth Management raised its position in Consolidated Edison by 77.3% in the third quarter. Activest Wealth Management now owns 250 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 109 shares during the period. Keating Financial Advisory Services Inc. acquired a new position in Consolidated Edison during the 2nd quarter worth about $30,000. Finally, GoalVest Advisory LLC lifted its position in shares of Consolidated Edison by 80.0% during the third quarter. GoalVest Advisory LLC now owns 306 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 136 shares in the last quarter. Institutional investors 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.