Wells Fargo raises target for Consolidated Edison stock to USD 118

Published on 10/05/2026 at 16:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The second-quarter revenue reached USD 4.07 billion, up 13 percent year over year. Consolidated Edison stock costs EUR 92.06 versus EUR 91.88.

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Consolidated Edison (ISIN US2091151041) was trading at EUR 92.06 at Lang & Schwarz on October 5, 2026 at 4:01 p.m. CEST, plus 0.20 percent versus the prior close of EUR 91.88. On October 1, 2026, Wells Fargo raised its target from USD 108.00 to USD 118.00 and upgraded the utility from Equal Weight to Overweight, as Seeking Alpha reported.

Wells Fargo raises the valuation bar

The target increase gives the latest analyst action a clear numerical anchor, with USD 10.00 separating the new objective from the previous one. Wells Fargo described the utility as defensive diversification from the broader artificial intelligence trade, while also pointing to electrification and reliability investment.

At the NYSE, Consolidated Edison was last at USD 103.02 on October 5, 2026 at 10:04 a.m. EDT. Its 52-week range was USD 94.96 to USD 116.23, placing the primary-exchange quote between both boundaries.

Second-quarter revenue reaches USD 4.07 billion

For the second quarter of 2026, Consolidated Edison reported USD 4.07 billion in revenue, USD 308.0 million in net income and diluted earnings per share of USD 0.83, according to Yahoo Finance. The earnings-per-share figure exceeded the USD 0.77 estimate, while revenue increased 13 percent from the second quarter of 2025, according to Simply Wall St.

Management's fiscal 2026 adjusted earnings-per-share guidance remains USD 6.00 to USD 6.20. The combination of a quarterly earnings comparison and a maintained full-year range puts the Wells Fargo upgrade against a measurable operating backdrop.

Investor update arrives October 6

Consolidated Edison will webcast its annual investor relations update on October 6, 2026, from 8:30 a.m. to 10:00 a.m. Eastern Time. The company said the presentation will cover electrification, grid reliability, resilience, customer costs and long-term financial strength in its investor release.

EUR quote holds above the prior close

The Lang & Schwarz price of EUR 92.06 stood EUR 0.18 above the EUR 91.88 prior close on October 5, 2026. Consolidated Edison had a market capitalization of USD 38.0 billion and a USD 94.96 to USD 116.23 52-week range as of October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Consolidated Edison stock.