Consolidated Edison (NYSE:ED) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Consolidated Edison (NYSE:ED) had its target price boosted by equities researchers at Wells Fargo & Company from $106.00 to $108.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the utilities provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 0.33% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. The Goldman Sachs Group reiterated a “sell” rating and set a $105.00 price target on shares of Consolidated Edison in a research report on Thursday, May 14th. Barclays lowered their target price on Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday. Morgan Stanley reaffirmed an “underweight” rating on shares of Consolidated Edison in a research note on Wednesday, July 22nd. Mizuho set a $114.00 price objective on Consolidated Edison in a research report on Monday, July 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Consolidated Edison in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $109.07.

Consolidated Edison Price Performance

Shares of NYSE ED traded down $1.30 during mid-day trading on Friday, reaching $107.65. 556,348 shares of the company were exchanged, compared to its average volume of 2,246,355. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $39.67 billion, a PE ratio of 18.17, a PEG ratio of 2.81 and a beta of 0.27. The company’s 50 day moving average price is $109.43 and its 200 day moving average price is $109.67. Consolidated Edison has a 52 week low of $94.96 and a 52 week high of $116.23.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.07. Consolidated Edison had a net margin of 12.52% and a return on equity of 8.33%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts forecast that Consolidated Edison will post 6.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Consolidated Edison

Several institutional investors have recently bought and sold shares of the stock. Focused Wealth Management Inc purchased a new stake in shares of Consolidated Edison during the 2nd quarter worth approximately $484,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Consolidated Edison in the 2nd quarter valued at approximately $105,925,000. OneDigital Investment Advisors LLC purchased a new position in Consolidated Edison during the second quarter worth $1,766,000. Plato Investment Management Ltd bought a new position in Consolidated Edison during the 2nd quarter valued at about $1,178,000. Finally, AMG National Trust Bank bought a new position in shares of Consolidated Edison during the second quarter valued at approximately $285,000. 66.29% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Consolidated Edison

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

• Positive Sentiment: Con Edison reported second-quarter adjusted EPS of $0.83, up from $0.67 a year earlier and above the $0.74–$0.76 analyst consensus range. Net income increased to $308 million from $246 million. Consolidated Edison Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Revenue reached $4.07 billion, well above the $3.60 billion estimate. The company benefited from higher electric and gas rate bases, while strong power demand also helped results. Consolidated Edison Beats Profit Estimates on Strong Power Demand
• Neutral Sentiment: Con Edison maintained its 2026 EPS outlook at $6.00–$6.20, a range that includes the roughly $6.11 analyst consensus. This provides stability but does not represent a meaningful guidance increase. Con Edison Reports 2026 Second Quarter Earnings
• Negative Sentiment: The muted market reaction likely reflects the absence of a substantial upward revision to full-year expectations. Investors may also be weighing the utility’s modest return on equity of 8.33% and the stock’s valuation, despite the quarterly earnings and revenue beats.

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.