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

Key Points

• Consolidated Edison set FY 2026 EPS guidance at 6.00–6.20, essentially in line with the Street consensus of 6.10.
• The company reported quarterly EPS of $0.89, beating estimates of $0.86, and revenue of $4.0 billion topped forecasts and rose 8.9% year-over-year.
• Dividend announced: a quarterly payout of $0.8875 per share (annualized $3.55) with an ex-dividend date of May 13 and a yield of about 3.3%.

Consolidated Edison (NYSE:ED - Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 6.000-6.200 for the period, compared to the consensus earnings per share estimate of 6.100. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Citigroup restated a "buy" rating on shares of Consolidated Edison in a research report on Monday, February 23rd. Wells Fargo & Company set a $98.00 target price on shares of Consolidated Edison in a report on Tuesday, April 21st. JPMorgan Chase & Co. increased their target price on shares of Consolidated Edison from $107.00 to $113.00 and gave the company an "underweight" rating in a report on Thursday, March 12th. KeyCorp raised their price objective on shares of Consolidated Edison from $96.00 to $97.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 21st. Finally, UBS Group raised their price objective on shares of Consolidated Edison from $108.00 to $112.00 and gave the stock a "neutral" rating in a research note on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $108.92.

Consolidated Edison Stock Down 0.5%

Shares of NYSE:ED traded down $0.49 during midday trading on Thursday, hitting $106.38. 3,105,188 shares of the company's stock traded hands, compared to its average volume of 2,119,946. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 1.02. The company has a market cap of $39.19 billion, a PE ratio of 18.83, a P/E/G ratio of 2.78 and a beta of 0.29. The firm's fifty day moving average price is $111.64 and its two-hundred day moving average price is $105.20. Consolidated Edison has a twelve month low of $94.96 and a twelve month high of $116.23.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.03. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.71 billion. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The firm's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities research analysts anticipate that Consolidated Edison will post 6.08 EPS for the current fiscal year.

Consolidated Edison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 13th will be given 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, May 13th. Consolidated Edison's dividend payout ratio is currently 62.83%.

Insider Buying and Selling

In other news, SVP Deneen L. Donnley sold 1,922 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $113.94, for a total value of $218,992.68. Following the completion of the transaction, the senior vice president directly owned 32,453 shares in the company, valued at $3,697,694.82. This trade represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.15% of the company's stock.

Institutional Investors Weigh In On Consolidated Edison

Several hedge funds have recently made changes to their positions in ED. JPL Wealth Management LLC acquired a new position in shares of Consolidated Edison during the 3rd quarter worth $26,000. Turning Point Benefit Group Inc. acquired a new position in shares of Consolidated Edison during the 3rd quarter worth $32,000. Acumen Wealth Advisors LLC acquired a new position in Consolidated Edison in the 4th quarter valued at $33,000. Palisade Asset Management LLC acquired a new position in Consolidated Edison in the 3rd quarter valued at $37,000. Finally, GW&K Investment Management LLC grew its stake in Consolidated Edison by 28.5% in the 4th quarter. GW&K Investment Management LLC now owns 419 shares of the utilities provider's stock valued at $42,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 66.29% of the company's stock.

Consolidated Edison Company Profile

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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