Mizuho Raises PT for Consolidated Edison to $112, Maintains Outperform Rating

Mizuho Raises PT for Consolidated Edison to $112, Maintains Outperform Rating

Mizuho Financial Group has increased its price target for Consolidated Edison Inc (ED) to $112, while maintaining an "outperform" rating. The upgrade comes following the company's strong second-quarter earnings report, which exceeded analyst expectations. Mizuho's analysts cited the company's robust financial performance, strategic investments in infrastructure, and regulatory support as key factors driving the positive outlook.

Consolidated Edison Inc reported adjusted earnings per share (EPS) of $0.67 for the quarter ended June 30, 2025, beating the mean estimate of $0.64. The company's net income for the quarter was $246 million, up from $202 million in the same period last year [1]. The company's shares have seen significant gains this year, rising by 16.7% year-to-date [1].

Mizuho's analysts highlighted the company's strategic focus on infrastructure investments to enhance grid resilience and reliability, particularly in the face of extreme weather conditions. The company has secured approval for $440 million in projects advancing building and transportation electrification, demonstrating regulatory support and alignment with state clean energy goals [2].

The company's first-half performance was also strong, with net income reaching $1,038 million or $2.93 per share, up from $922 million or $2.67 per share in the first half of 2024 [2]. The company's earnings guidance for 2025 remains in the range of $5.50 to $5.70 per share, reflecting confidence in its financial trajectory [2].

Mizuho's upgrade to the price target and the "outperform" rating are in line with the broader market sentiment towards Consolidated Edison Inc. The current average analyst rating on the shares is "hold," with a breakdown of 4 "strong buy" or "buy," 8 "hold," and 5 "sell" or "strong sell" recommendations [1]. The median 12-month price target for the company is $104.00, about 1% below its last closing price of $105.00 [1].

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3U00QS:0-consolidated-edison-inc-reports-results-for-the-quarter-ended-june-30-earnings-summary/
[2] https://www.gurufocus.com/news/3046923/consolidated-edison-inc-ed-q2-2025-earnings-eps-of-068-beats-estimates-net-income-reaches-246-million