KeyCorp Lowers Earnings Estimates for Consolidated Edison

Key Points

• KeyCorp has lowered its FY2025 earnings per share (EPS) estimate for Consolidated Edison to $5.62, slightly down from a previous forecast of $5.63, maintaining an "Underweight" rating and a $90.00 price target.
• Other analysts have mixed ratings on Consolidated Edison, with price targets ranging from $93.00 to $112.00, indicating a consensus rating of "Reduce."
• The stock is currently trading around $102.31, with a market capitalization of $36.90 billion and a P/E ratio of 18.57.

Consolidated Edison Inc (NYSE:ED - Free Report) - Analysts at KeyCorp dropped their FY2025 earnings per share (EPS) estimates for Consolidated Edison in a research note issued to investors on Wednesday, October 15th. KeyCorp analyst S. Karp now expects that the utilities provider will post earnings of $5.62 per share for the year, down from their previous forecast of $5.63. KeyCorp currently has a "Underweight" rating and a $90.00 target price on the stock. The consensus estimate for Consolidated Edison's current full-year earnings is $5.62 per share. KeyCorp also issued estimates for Consolidated Edison's Q4 2025 earnings at $0.97 EPS and FY2029 earnings at $7.19 EPS.

Other equities research analysts also recently issued research reports about the company. New Street Research set a $106.00 price target on Consolidated Edison in a report on Monday, October 6th. Bank of America downgraded Consolidated Edison from a "buy" rating to an "underperform" rating and decreased their price target for the stock from $112.00 to $101.00 in a report on Friday, August 15th. Barclays upped their price target on Consolidated Edison from $101.00 to $107.00 and gave the stock an "underweight" rating in a report on Wednesday, August 13th. Evercore ISI began coverage on Consolidated Edison in a report on Tuesday, October 7th. They set an "in-line" rating and a $106.00 price target for the company. Finally, Morgan Stanley decreased their price target on Consolidated Edison from $95.00 to $93.00 and set an "underweight" rating for the company in a report on Thursday, September 25th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $105.92.

Consolidated Edison Trading Up 0.4%

Shares of Consolidated Edison stock opened at $102.31 on Thursday. The stock has a fifty day simple moving average of $99.56 and a 200 day simple moving average of $102.93. Consolidated Edison has a 12-month low of $87.28 and a 12-month high of $114.87. The company has a market capitalization of $36.90 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 2.83 and a beta of 0.32. The company has a current ratio of 1.10, a quick ratio of 1.01 and a debt-to-equity ratio of 1.04.

Consolidated Edison (NYSE:ED - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.01. Consolidated Edison had a return on equity of 8.56% and a net margin of 11.98%.The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same quarter in the prior year, the company posted $0.59 earnings per share. Consolidated Edison has set its FY 2025 guidance at 5.500-5.700 EPS.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ED. CWM LLC increased its holdings in Consolidated Edison by 12.6% in the 3rd quarter. CWM LLC now owns 255,577 shares of the utilities provider's stock worth $25,691,000 after acquiring an additional 28,606 shares during the last quarter. Busey Bank raised its stake in Consolidated Edison by 1.3% in the 3rd quarter. Busey Bank now owns 153,751 shares of the utilities provider's stock valued at $15,455,000 after acquiring an additional 1,984 shares during the period. Secured Retirement Advisors LLC raised its stake in Consolidated Edison by 38.2% in the 3rd quarter. Secured Retirement Advisors LLC now owns 32,083 shares of the utilities provider's stock valued at $3,225,000 after acquiring an additional 8,862 shares during the period. Milestone Asset Management LLC bought a new stake in Consolidated Edison in the 3rd quarter valued at about $420,000. Finally, Harbor Capital Advisors Inc. raised its stake in Consolidated Edison by 5.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 9,019 shares of the utilities provider's stock valued at $907,000 after acquiring an additional 489 shares during the period. 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.

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