Wells Fargo & Company Issues Positive Forecast for Consolidated Edison (NYSE:ED) Stock Price

Consolidated Edison (NYSE:ED) had its price objective upped by Wells Fargo & Company from $118.00 to $134.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

Several other brokerages have also issued reports on ED. Barclays boosted their price objective on shares of Consolidated Edison from $106.00 to $108.00 and gave the company an “underweight” rating in a report on Friday. Bank of America lowered their target price on shares of Consolidated Edison from $105.00 to $96.00 in a research note on Friday, October 2nd. HSBC assumed coverage on shares of Consolidated Edison in a research report on Thursday, October 22nd. They set a “hold” rating and a $104.00 price target for the company. KeyCorp dropped 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. Finally, Mizuho set a $108.00 price target on shares of Consolidated Edison in a research note on Wednesday, October 7th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $109.74.

Consolidated Edison Trading Down 2.4%

Shares of NYSE ED traded down $2.88 during midday trading on Friday, reaching $118.56. 2,501,467 shares of the stock were exchanged, compared to its average volume of 2,167,994. The company has a 50 day simple moving average of $108.92 and a 200 day simple moving average of $109.35. The stock has a market capitalization of $43.85 billion, a P/E ratio of 18.97, a PEG ratio of 4.10 and a beta of 0.23. 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 twelve month low of $94.96 and a twelve month high of $122.75.

Consolidated Edison (NYSE:ED) last released its quarterly earnings data 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 period in the prior year, the firm posted $1.90 earnings per share. As a group, equities analysts expect that Consolidated Edison will post 6.10 earnings per share for the current year.

Consolidated Edison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Wednesday, November 18th will be issued a $0.8875 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.0%. Consolidated Edison’s payout ratio is 56.80%.

Institutional Investors Weigh In On Consolidated Edison

A number of hedge funds have recently added to or reduced their stakes in ED. Aberdeen Wealth Management LLC acquired a new position in shares of Consolidated Edison in the second quarter worth $27,000. Sachetta LLC raised its stake in shares of Consolidated Edison by 72.9% in the first quarter. Sachetta LLC now owns 242 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 102 shares in the last quarter. Activest Wealth Management boosted its holdings 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. purchased a new position in Consolidated Edison in the second quarter valued at $30,000. Finally, GoalVest Advisory LLC boosted its holdings in Consolidated Edison by 80.0% in the third quarter. GoalVest Advisory LLC now owns 306 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 136 shares during the period. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Edison News Roundup

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

• Positive Sentiment: Con Edison reported adjusted Q3 EPS of $2.07, up from $1.90 a year earlier, and revenue of $4.91 billion, above the cited $4.75 billion consensus. Some estimates vary slightly: one Zacks report characterized EPS as a narrow miss. Con Edison reports 2026 third-quarter earnings
• Positive Sentiment: Wells Fargo raised its price target to $134 from $118 and upgraded ED to “overweight.” Mizuho also lifted its target, to $124 from $108. Wells Fargo price-target update Mizuho price-target update
• Neutral Sentiment: FY 2026 EPS guidance is $6.05–$6.15, bracketing the $6.11 consensus. The range supports expectations near consensus, though its narrower span leaves less room for an upside surprise. Q3 earnings and guidance
• Negative Sentiment: Barclays raised its target only slightly, from $106 to $108, while retaining an “underweight” rating—still implying downside from the cited share price. Barclays rating and target
• Negative Sentiment: The company outlined $38 billion in planned investments, raising potential financing and shareholder-dilution concerns that could offset the appeal of earnings growth. Q3 earnings, guidance, and investment risks

About Consolidated Edison

Consolidated Edison, Inc is an energy holding company whose principal business is delivering electricity, natural gas and steam through regulated utility subsidiaries. Its services include generating, transmitting and distributing energy to residential, commercial and industrial customers.

Its largest subsidiary, Consolidated Edison Company of New York, serves customers in New York City and Westchester County. Orange and Rockland Utilities serves parts of southeastern New York and northern New Jersey.

The company’s roots trace back to New York Gas Light Company, founded in 1823.