KeyCorp Reduces Earnings Estimates for Consolidated Edison

Key Points

• KeyCorp lowered its Q3 2026 EPS estimate for Consolidated Edison to $2.05 from $2.24 and maintained an “Underweight” rating with an $87 price target. KeyCorp projects EPS of $6.50 in FY2027 and $7.87 by FY2030.
• Consolidated Edison’s latest quarter exceeded expectations, with EPS of $0.83 versus the $0.76 consensus and revenue of $4.07 billion versus $3.60 billion expected. Management’s FY2026 earnings guidance remains $6.00–$6.20 per share.
• Analyst sentiment remains cautious: the stock carries a consensus “Reduce” rating and an average price target of $107.73, despite paying a quarterly dividend of $0.8875 per share, equivalent to a 3.3% yield.

Consolidated Edison Inc (NYSE:ED - Free Report) - Equities research analysts at KeyCorp lowered their Q3 2026 earnings estimates for shares of Consolidated Edison in a report issued on Monday, October 12th. KeyCorp analyst S. Karp now anticipates that the utilities provider will earn $2.05 per share for the quarter, down from their previous estimate of $2.24. KeyCorp has an "Underweight" rating and a $87.00 price target on the stock. The consensus estimate for Consolidated Edison's current full-year earnings is $6.10 per share. KeyCorp also issued estimates for Consolidated Edison's FY2027 earnings at $6.50 EPS, FY2028 earnings at $6.93 EPS, FY2029 earnings at $7.39 EPS and FY2030 earnings at $7.87 EPS.

Consolidated Edison (NYSE:ED - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.76 by $0.07. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%. The business had revenue of $4.07 billion for the quarter, compared to analysts' expectations of $3.60 billion. During the same period last year, the firm earned $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS.

Other analysts also recently issued research reports about the company. Morgan Stanley decreased their target price on Consolidated Edison from $101.00 to $97.00 and set an "underweight" rating on the stock in a research note on Friday, September 18th. Wells Fargo & Company boosted their price target on Consolidated Edison from $106.00 to $108.00 and gave the stock an "equal weight" rating in a report on Friday, August 7th. Mizuho set a $108.00 price target on Consolidated Edison in a research note on Wednesday, October 7th. Jefferies Financial Group restated a "hold" rating and issued a $105.00 price target on shares of Consolidated Edison in a research note on Tuesday, October 6th. Finally, Barclays cut their price objective on shares of Consolidated Edison from $112.00 to $106.00 and set an "underweight" rating for the company in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $107.73.

Consolidated Edison Stock Performance

NYSE ED opened at $107.89 on Wednesday. The firm has a market cap of $39.90 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 3.71 and a beta of 0.26. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 1.04. The business has a 50-day moving average price of $106.35 and a 200-day moving average price of $108.48. Consolidated Edison has a twelve month low of $94.96 and a twelve month high of $116.23.

Consolidated Edison Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, August 19th. Consolidated Edison's dividend payout ratio is 58.29%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Affinity Capital Advisors LLC increased its holdings in shares of Consolidated Edison by 25.6% in the third quarter. Affinity Capital Advisors LLC now owns 6,345 shares of the utilities provider's stock worth $673,000 after purchasing an additional 1,295 shares during the last quarter. Financial Planning Hawaii Inc. lifted its position in shares of Consolidated Edison by 2.2% in the third quarter. Financial Planning Hawaii Inc. now owns 6,373 shares of the utilities provider's stock worth $651,000 after buying an additional 140 shares in the last quarter. Sax Wealth Advisors LLC boosted its stake in Consolidated Edison by 10.2% during the third quarter. Sax Wealth Advisors LLC now owns 9,607 shares of the utilities provider's stock valued at $982,000 after buying an additional 892 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its stake in Consolidated Edison by 25.7% during the third quarter. NorthCrest Asset Manangement LLC now owns 18,828 shares of the utilities provider's stock valued at $1,996,000 after buying an additional 3,855 shares during the last quarter. Finally, Wedmont Private Capital boosted its stake in Consolidated Edison by 4.3% during the third quarter. Wedmont Private Capital now owns 10,847 shares of the utilities provider's stock valued at $1,150,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 66.29% of the company's stock.

About Consolidated Edison

Consolidated Edison, Inc is an energy delivery company headquartered in New York. Through its principal subsidiary, Consolidated Edison Company of New York, Inc, the company provides electric, natural gas and steam service to customers in New York City and Westchester County.

Consolidated Edison also owns Orange and Rockland Utilities, Inc, which delivers electricity and natural gas in parts of southeastern New York, northern New Jersey and northeastern Pennsylvania. Its utility operations include the generation, transmission, distribution and delivery of energy, as well as the operation and maintenance of related infrastructure.

With roots tracing to the New York Gas Light Company, established in 1823, Consolidated Edison has developed into one of the United States' largest investor-owned energy-delivery companies.

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