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Consolidated Edison (ED) Price Target Increased to $117
Yahoo Finance· 2026-03-12 03:56
Group 1 - Consolidated Edison, Inc. (NYSE:ED) is recognized as one of the 11 Best Utility Stocks to Buy for Dividends in 2026 [1] - The company operates one of the largest energy delivery systems globally, serving 10 million people in New York City and Westchester County [2] - Evercore ISI raised its price target for Consolidated Edison from $106 to $117 while maintaining an 'In Line' rating, following adjustments in estimates for the power and utilities sector after Q4 earnings [3][8] Group 2 - In Q4 2025, Consolidated Edison exceeded earnings and revenue estimates, reporting adjusted earnings of $5.70 per share, an increase from $5.40 the previous year [4] - For FY 2026, the company anticipates adjusted EPS between $6.00 and $6.20, slightly above Wall Street's estimate of $6.01, with a targeted five-year adjusted EPS compound annual growth rate of 6% to 7% [5]
Consolidated Edison (ED) Agrees to Divest Interest in Mountain Valley Pipeline
Yahoo Finance· 2025-12-10 20:16
Group 1 - Consolidated Edison, Inc. (NYSE:ED) is recognized as one of the 11 Energy Stocks to consider for a retirement portfolio [1] - The company operates one of the largest energy delivery systems globally, serving 10 million customers in New York City and Westchester County [2] - Consolidated Edison has agreed to divest its approximately 6.6% interest in the Mountain Valley Pipeline for $357.5 million, with the transaction expected to close in the first half of 2026 [3] Group 2 - The proceeds from the divestment will be used to partially offset the company's common equity needs for the upcoming year and for general corporate purposes [3] - On November 21, Consolidated Edison faced pressure from President Trump and New York City Mayor-elect Zohran Mamdani to reduce its rates, citing that lower fuel prices have not been reflected in the utility's rates [4]