Consolidated Edison (NYSE:ED) Releases FY 2026 Earnings Guidance

Key Points

• Consolidated Edison issued FY 2026 EPS guidance of $6.00–$6.20, compared with the analyst consensus estimate of $6.11. The company did not provide revenue guidance.
• The company declared a quarterly dividend of $0.8875 per share, equivalent to $3.55 annually and a 3.3% yield, payable September 15 to shareholders of record August 19.
• Wall Street sentiment remains cautious: analysts’ consensus rating is “Reduce”, with an average price target of $108.47, while institutional investors own 66.29% of the stock.

Consolidated Edison (NYSE:ED - Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 6.000-6.200 for the period, compared to the consensus EPS estimate of 6.110. The company issued revenue guidance of -.

Consolidated Edison Price Performance

Shares of NYSE:ED traded up $0.22 during trading on Thursday, reaching $108.54. 2,829,697 shares of the company traded hands, compared to its average volume of 2,256,772. The company's 50 day moving average is $109.38 and its two-hundred day moving average is $109.64. The firm has a market capitalization of $40.00 billion, a PE ratio of 18.27, a PEG ratio of 2.81 and a beta of 0.27. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.00. Consolidated Edison has a 52 week low of $94.96 and a 52 week high of $116.23.

Consolidated Edison Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.8875 per share. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 19th. Consolidated Edison's dividend payout ratio is 59.76%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Evercore set a $116.00 price target on Consolidated Edison in a research note on Monday, May 11th. KeyCorp lowered their target price on Consolidated Edison from $97.00 to $94.00 and set an "underweight" rating for the company in a research note on Thursday, July 23rd. The Goldman Sachs Group restated a "sell" rating and issued a $105.00 price target on shares of Consolidated Edison in a research note on Thursday, May 14th. Barclays decreased their price target on shares of Consolidated Edison from $110.00 to $107.00 and set an "underweight" rating on the stock in a report on Monday, May 11th. Finally, Mizuho set a $114.00 price objective on shares of Consolidated Edison in a research note on Monday, July 27th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, Consolidated Edison has a consensus rating of "Reduce" and an average price target of $108.47.

Institutional Investors Weigh In On Consolidated Edison

Several hedge funds and other institutional investors have recently bought and sold shares of ED. Revolve Wealth Partners LLC raised its holdings in shares of Consolidated Edison by 13.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider's stock valued at $332,000 after purchasing an additional 441 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in Consolidated Edison during the fourth quarter worth about $79,000. DV Equities LLC purchased a new position in Consolidated Edison during the fourth quarter worth about $70,000. Quattro Advisors LLC bought a new stake in Consolidated Edison in the 4th quarter worth about $75,000. Finally, Litman Gregory Wealth Management LLC bought a new stake in Consolidated Edison in the 4th quarter worth about $174,000. 66.29% of the stock is owned by institutional investors.

About Consolidated Edison

Consolidated Edison, Inc, commonly known as Con Edison, is an investor-owned energy company that primarily delivers electricity, natural gas and steam to customers in the New York metropolitan area. Its regulated utility operations include the distribution and transmission of electric power, the distribution of natural gas, and the operation of one of the largest district steam systems in the United States, serving commercial, institutional and residential customers in New York City and nearby counties.

The company operates through regulated utility subsidiaries that serve urban and suburban service territories, together with non-utility businesses that develop, own and manage energy infrastructure and clean energy projects.

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