Consolidated Edison, Inc., commonly known as Con Edison (stylized as conEdison) or ConEd, is an energy company based in New York City. It is one of the largest investor-owned energy companies in the United States, with approximately $15.26 billion in annual revenues as of 2024, and over $70 billion...
Mizuho's upward revision of Consolidated Edison's price target signals stronger confidence in the utility's financial health and reduced capital needs, offering investors a clearer upside potential. The move also reflects the company's solid earnings performance and regulatory support, which can influence market sentiment.
Context & Background
Consolidated Edison has increased its dividend for 51 consecutive years, yielding 3.23%.
The NY Public Service Commission approved a three-year rate filing, granting a 9.4% return on equity.
Mizuho raised the price target to $118 from $112, citing reduced equity needs and strong earnings.
Other banks such as Scotiabank and Barclays also lifted their targets.
The company plans capital expenditures of $6.595B in 2026 and $6.795B in 2027.
What Happens Next
The company is expected to continue meeting or exceeding earnings guidance, potentially supporting further dividend increases. Capital allocation plans may involve debt reduction or share buybacks, while regulatory approvals will help maintain stable revenue streams. Investors will monitor upcoming earnings releases and rate filings for additional signals.
Frequently Asked Questions
Why did Mizuho raise the price target?
Because Consolidated Edison reduced its equity needs, reported strong earnings, and received regulatory approval for its rate filing.
What is the current dividend yield?
The dividend yield is 3.23%.
How many consecutive dividend increases has the company announced?
The company has announced 51 consecutive dividend increases.
What are the planned capital expenditures for 2026 and 2027?
The company plans $6.595B in 2026 and $6.795B in 2027.
Original Source
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Five things to watch in markets in the week ahead Trump’s 15% global tariff; Waller to speak; oil drops - what’s moving markets U.S. stock futures drop on Trump tariff turmoil; Nvidia earnings in spotlight Novo Nordisk and Netflix fall premarket; Eli Lilly and Domino’s Pizza rise (South Africa Philippines Nigeria) Mizuho raises Consolidated Edison stock price target on reduced equity needs By Investing.com Analyst Ratings Published 02/23/2026, 07:41 AM Mizuho raises Consolidated Edison stock price target on reduced equity needs 0 ED -1.89% Investing.com - Mizuho raised its price target on Consolidated Edison stock (NYSE:ED) to $118 from $112 while maintaining an Outperform rating on Monday. The utility reported 2025 earnings per share of $5.70, exceeding Street estimates of $5.66. The company initiated 2026 earnings guidance of $6.00 to $6.20, compared with consensus estimates of $6.03 and Mizuho’s estimate of $6.10, with a long-term EPS compound annual growth rate of 6% to 7% off the midpoint of 2026. Notably, Consolidated Edison has raised its dividend for 51 consecutive years, according to InvestingPro , currently offering a 3.23% yield. Consolidated Edison has reported results above its guidance range for the past four years. The company’s electric and gas three-year rate filing received unanimous approval in January from the New York Public Service Commission, granting a 9.4% return on equity and mitigating regulatory overhang for three years. The company expects capital expenditures of $6.595 billion in 2026 and $6.795 billion in 2027. Consolidated Edison indicated equity needs of up to $1.1 billion, a reduction from the previously projected $1.85 billion. Mizuho stated the stock is attractive at a group average price-to-earnings multiple with little regulatory headwind. The stock trades at a P/E of 19.47, though InvestingPro analysis suggests the shares are overvalued relative to its Fair Value. For de...
