Consolidated Edison (NYSE:ED) Sets New 12-Month High – Here’s What Happened

Shares of Consolidated Edison Inc (NYSE:ED) reached a new 52-week high on Wednesday. The company traded as high as $119.67 and last traded at $120.3190, with a volume of 627,037 shares. The stock had previously closed at $116.81.

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 of $4.91 billion, above the cited $4.75 billion consensus. The results point to year-over-year growth and a revenue beat. Con Edison reports 2026 third-quarter earnings
• Positive Sentiment: Wells Fargo raised its price target to $134 from $118 and assigned an “overweight” rating, implying about 12% upside from the quoted share price. Mizuho also lifted its target, to $124 from $108. Wells Fargo rating update Mizuho price-target update
• Neutral Sentiment: FY 2026 EPS guidance is $6.05–$6.15, with a midpoint of $6.10—close to the cited consensus of $6.11. The company also outlined $38 billion in planned investment; this supports infrastructure plans but raises questions about funding needs. Q3 results, guidance, and investment plans
• Negative Sentiment: Barclays raised its target only slightly, to $108 from $106, while retaining an “underweight” rating; its target remains below the quoted share price. Barclays rating update

Analysts Set New Price Targets

A number of analysts have commented on ED shares. Mizuho set a $108.00 price objective on Consolidated Edison in a research report on Wednesday, October 7th. Scotiabank decreased their price target on shares of Consolidated Edison from $117.00 to $110.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 30th. JPMorgan Chase & Co. lowered their price target on shares of Consolidated Edison from $115.00 to $112.00 and set an “underweight” rating on the stock in a report on Wednesday, August 19th. The Goldman Sachs Group dropped their price objective on shares of Consolidated Edison from $106.00 to $102.00 in a research note on Thursday, October 15th. Finally, KeyCorp reduced their price objective on shares of Consolidated Edison from $94.00 to $87.00 and set an “underweight” rating for the company in a report on Tuesday, October 13th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, Consolidated Edison has a consensus rating of “Reduce” and a consensus price target of $109.74.

Consolidated Edison Stock Down 2.4%

The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17. The firm has a 50 day simple moving average of $108.69 and a 200-day simple moving average of $109.28. The stock has a market capitalization of $43.85 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 4.16 and a beta of 0.23.

Consolidated Edison (NYSE:ED) last issued its earnings results on Thursday, November 5th. The utilities provider reported $2.07 EPS for the quarter, beating the consensus estimate of $2.03 by $0.04. The company had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.75 billion. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. During the same quarter in the previous year, the company earned $1.90 EPS. On average, sell-side analysts forecast that Consolidated Edison Inc will post 6.10 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Wednesday, November 18th will be issued a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $3.55 annualized dividend and a dividend yield of 3.0%. Consolidated Edison’s dividend payout ratio (DPR) is presently 58.29%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Consolidated Edison in the second quarter worth about $4,609,491,000. Lazard Asset Management LLC increased its stake in Consolidated Edison by 14.8% during the first quarter. Lazard Asset Management LLC now owns 7,075,838 shares of the utilities provider’s stock worth $800,843,000 after acquiring an additional 910,244 shares during the last quarter. Deutsche Bank AG purchased a new stake in Consolidated Edison during the second quarter valued at approximately $749,184,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Consolidated Edison by 7.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,847,672 shares of the utilities provider’s stock valued at $536,298,000 after purchasing an additional 353,000 shares during the period. Finally, Legal & General Group Plc purchased a new stake in Consolidated Edison during the second quarter valued at approximately $494,352,000. Institutional investors own 66.29% of the company’s stock.

About Consolidated Edison

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.