Analysts Set Consolidated Edison Inc (NYSE:ED) Price Target at $108.47

Consolidated Edison Inc (NYSE:ED) has been given an average recommendation of “Reduce” by the fifteen analysts that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $109.0667.

A number of brokerages have recently weighed in on ED. Mizuho set a $114.00 target price on shares of Consolidated Edison in a research note on Monday, July 27th. Evercore set a $116.00 price objective on Consolidated Edison in a research report on Monday, May 11th. Barclays reduced their target price on Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating on the stock in a report on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of Consolidated Edison in a research report on Tuesday, July 21st. Finally, Morgan Stanley restated an “underweight” rating on shares of Consolidated Edison in a research note on Wednesday, July 22nd.

Key Consolidated Edison News

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.

Hedge Funds Weigh In On Consolidated Edison

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealthfront Advisers LLC purchased a new stake in shares of Consolidated Edison in the 2nd quarter worth about $22,648,000. Foster & Motley Inc. purchased a new stake in Consolidated Edison in the second quarter worth about $418,000. Ontario Teachers Pension Plan Board purchased a new stake in Consolidated Edison in the second quarter worth about $153,588,000. Hurlow Wealth Management Group Inc. bought a new position in shares of Consolidated Edison during the second quarter valued at approximately $444,000. Finally, Meeder Advisory Services Inc. bought a new position in shares of Consolidated Edison during the second quarter valued at approximately $1,420,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Consolidated Edison Price Performance

Shares of ED stock opened at $108.03 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27. Consolidated Edison has a fifty-two week low of $94.96 and a fifty-two week high of $116.23. The firm has a market cap of $39.95 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.80 and a beta of 0.27. The business’s 50 day moving average price is $109.47 and its 200-day moving average price is $109.70.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.07. The company had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.60 billion. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%.During the same quarter last year, the firm posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities research analysts anticipate that Consolidated Edison will post 6.09 earnings per share for the current year.

Consolidated Edison Announces Dividend

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

About Consolidated Edison

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.