Mizuho raises Consolidated Edison stock price target to $112 on solid earnings\n\nInvesting.com - Mizuho raised its price target on Consolidated Edison (NYSE: ED) to $112.00 from $107.00 on Friday, while maintaining an Outperform rating on the $37.8 billion utility company’s stock. The company, which has demonstrated remarkable stability with a beta of just 0.23, has delivered an impressive 19.7% return year-to-date.\n\nThe price target increase follows Consolidated Edison’s second-quarter 2025 adjusted earnings per share of $0.68, which exceeded the consensus estimate of $0.65. The company reaffirmed its long-term EPS compound annual growth rate of 6% to 7%. According to InvestingPro data, the company has maintained dividend payments for 50 consecutive years, currently offering a 3.24% yield. However, InvestingPro analysis suggests the stock is trading above its Fair Value.\n\nMizuho noted that settlement discussions are underway in the company’s CECONY rate case, with the firm seeing \"no reasonable scenario\" where the return on equity for a three-year deal would fall below 9.25%, which is currently embedded in the company’s guidance.\n\nThe research firm dismissed concerns about New York City politics interfering with the rate case as \"over-blown\" and emphasized that Consolidated Edison deserves a premium valuation despite utilities being potentially \"out of favor\" in the current AI and data center-focused market.\n\nMizuho specifically cited the company’s 6-7% EPS growth rate, absence of holding company debt, and lack of wildfire risk as key factors supporting its positive outlook on the stock.\n\nIn other recent news, Consolidated Edison announced a quarterly dividend of 85 cents per share, payable on September 15, 2025, to shareholders recorded by August 13, 2025. The company reported approximately $15 billion in annual revenues for the year ending December 31, 2024, with $71 billion in assets as of March 31, 2025. Additionally, Brendan Cavanagh, CEO of SBA Communications (NASDAQ: SBAC), will join Consolidated Edison’s Board of Directors starting October 1, 2025. In analyst updates, UBS maintained its Neutral rating for Consolidated Edison, with a price target of $112.00. The analysts highlighted a higher-than-expected return on equity in the CECONY electric and gas rate case. However, they noted the revenue increase was minimal. These developments reflect the company’s ongoing activities and strategic decisions.

Mizuho raises Consolidated Edison stock price target to $112 on solid earnings

Mizuho raised its price target for Consolidated Edison (ED) from $107.00 to $112.00, maintaining an Outperform rating, following strong second-quarter 2025 earnings with adjusted EPS of $0.68, exceeding expectations. The company reported $15 billion in annual revenues and $71 billion in assets as of March 31, 2025, and reaffirmed a long-term EPS growth rate of 6% to 7%. It has paid dividends for 50 consecutive years with a current yield of 3.24%. Mizuho cited stable earnings, a low beta of 0.23, absence of holding company debt, and lack of wildfire risk as key support for its valuation. Settlement discussions are ongoing in the CECONY rate case, with Mizuho stating no reasonable scenario for a return on equity below 9.25%. The firm dismissed political interference concerns as 'over-blown' and noted the stock is trading above fair value. UBS also maintained a Neutral rating and price target of $112.00, highlighting a higher-than-expected return on equity in the rate case, though revenue growth was minimal. Brendan Cavanagh, CEO of SBA Communications, will join Consolidated Edison’s Board of Directors on October 1, 2025.