Consolidated Edison (NYSE:ED) Updates FY 2025 Earnings Guidance

Key Points

• Consolidated Edison updated its FY 2025 earnings guidance, projecting earnings per share (EPS) of 5.500-5.700, slightly below the consensus estimate of 5.624.
• The company announced a quarterly dividend of $0.85, resulting in an annualized dividend yield of 3.2%, with a payout ratio of 62.85%.
• Several analysts have increased price targets for Consolidated Edison, with Citigroup raising their target to $120.00 and maintaining a "buy" rating on the stock.

Consolidated Edison (NYSE:ED - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 5.500-5.700 for the period, compared to the consensus estimate of 5.624. The company issued revenue guidance of -.

Consolidated Edison Trading Up 0.9%

NYSE ED traded up $0.96 on Thursday, reaching $105.11. The stock had a trading volume of 2,577,023 shares, compared to its average volume of 1,991,552. The company has a quick ratio of 1.19, a current ratio of 1.28 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average price of $101.66 and a two-hundred day moving average price of $103.01. Consolidated Edison has a 12-month low of $87.28 and a 12-month high of $114.87. The firm has a market capitalization of $37.87 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 3.32 and a beta of 0.24.

Consolidated Edison (NYSE:ED - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.67 EPS for the quarter, topping the consensus estimate of $0.66 by $0.01. Consolidated Edison had a net margin of 11.98% and a return on equity of 8.61%. During the same period in the prior year, the business earned $0.59 earnings per share. As a group, sell-side analysts forecast that Consolidated Edison will post 5.62 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, August 13th will be paid a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, August 13th. Consolidated Edison's dividend payout ratio is currently 62.85%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ED. Citigroup raised their price target on Consolidated Edison from $116.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Guggenheim boosted their target price on Consolidated Edison from $96.00 to $103.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Mizuho raised Consolidated Edison from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $105.00 to $107.00 in a report on Monday, June 30th. Barclays boosted their price objective on shares of Consolidated Edison from $100.00 to $101.00 and gave the company an "underweight" rating in a research note on Monday, May 5th. Finally, KeyCorp reaffirmed an "overweight" rating on shares of Consolidated Edison in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $104.70.

Institutional Trading of Consolidated Edison

Institutional investors have recently added to or reduced their stakes in the stock. Woodline Partners LP increased its stake in shares of Consolidated Edison by 40.7% during the 1st quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider's stock worth $3,237,000 after purchasing an additional 8,468 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Consolidated Edison by 42.1% during the 1st quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider's stock worth $993,000 after buying an additional 2,659 shares during the last quarter. Finally, Revolve Wealth Partners LLC increased its position in Consolidated Edison by 13.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider's stock worth $332,000 after purchasing an additional 441 shares in the last quarter. Hedge funds and other institutional investors own 66.29% of the company's stock.

Consolidated Edison Company Profile

Consolidated Edison, Inc, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.