The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.

Consolidated Edison, Inc. (NYSE:ED) is included among the 10 Best May Dividend Stocks to Buy.

On April 24, Bank of America raised its price recommendation on Consolidated Edison, Inc. (NYSE:ED) to $107 from $104. It reiterated an Underperform rating. Ahead of Q1 results, the firm projected adjusted EPS of $2.28, in line with consensus. It expects support from modest growth in the revenue base, along with the first-year impact of the 2026–2028 electric and gas rate plan and continued system investment. The firm also looks for management to reaffirm its 2026 adjusted EPS guidance and its five-year growth framework.

On April 21, Morgan Stanley analyst David Arcaro lowered the price target on ED to $105 from $106 and maintained an Overweight rating. The analyst said the firm is updating price targets across Regulated and Diversified Utilities and IPPs in North America. In March, utilities outperformed the S&P 500.

Consolidated Edison, Inc. (NYSE:ED) is a holding company. Through its subsidiaries, including Consolidated Edison Company of New York, Orange and Rockland Utilities, and Con Edison Transmission, it provides a range of energy-related products and services to customers.

While we acknowledge the potential of ED as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Canadian Stocks with Highest Dividends and 10 Best Dividend Aristocrat Stocks to Buy in 2026

Disclosure: None. Follow Insider Monkey on Google News.