Consolidated Edison, Inc. (NYSE:ED) Expected to Earn FY2025 Earnings of $5.59 Per Share

Consolidated Edison, Inc. (NYSE:ED - Free Report) - Equities researchers at Zacks Research upped their FY2025 earnings per share estimates for Consolidated Edison in a note issued to investors on Tuesday, April 9th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings per share of $5.59 for the year, up from their prior forecast of $5.58. The consensus estimate for Consolidated Edison's current full-year earnings is $5.30 per share. Zacks Research also issued estimates for Consolidated Edison's Q1 2026 earnings at $1.71 EPS and FY2026 earnings at $5.86 EPS.

Several other research firms have also recently weighed in on ED. KeyCorp raised Consolidated Edison from an "underweight" rating to a "sector weight" rating in a research report on Thursday, January 4th. Barclays lifted their price objective on Consolidated Edison from $86.00 to $87.00 and gave the company an "equal weight" rating in a research report on Thursday, March 14th. LADENBURG THALM/SH SH started coverage on Consolidated Edison in a research report on Wednesday, January 3rd. They set a "neutral" rating and a $92.50 price objective on the stock. Royal Bank of Canada cut their price objective on Consolidated Edison from $94.00 to $93.00 and set a "sector perform" rating on the stock in a research report on Friday, February 16th. Finally, UBS Group dropped their price target on Consolidated Edison from $99.00 to $94.00 and set a "neutral" rating on the stock in a research report on Friday, February 16th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $87.96.

Consolidated Edison Trading Down 2.5 %

NYSE:ED traded down $2.26 during mid-day trading on Wednesday, reaching $88.87. 1,623,460 shares of the company's stock traded hands, compared to its average volume of 1,753,773. The company has a 50 day moving average price of $89.04 and a 200-day moving average price of $89.48. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.01 and a quick ratio of 0.94. The firm has a market capitalization of $30.71 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 8.54 and a beta of 0.35. Consolidated Edison has a 12-month low of $80.46 and a 12-month high of $100.92.

Consolidated Edison (NYSE:ED - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The utilities provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.02. Consolidated Edison had a return on equity of 8.41% and a net margin of 17.19%. The company had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $3.70 billion. During the same quarter in the previous year, the business earned $0.81 EPS. Consolidated Edison's revenue was down 14.6% compared to the same quarter last year.

Institutional Investors Weigh In On Consolidated Edison

A number of hedge funds have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC raised its stake in Consolidated Edison by 1.4% during the 4th quarter. IHT Wealth Management LLC now owns 7,941 shares of the utilities provider's stock valued at $757,000 after buying an additional 110 shares during the last quarter. Lido Advisors LLC increased its stake in shares of Consolidated Edison by 0.3% in the 1st quarter. Lido Advisors LLC now owns 43,881 shares of the utilities provider's stock worth $4,198,000 after purchasing an additional 113 shares in the last quarter. Retirement Group LLC increased its stake in shares of Consolidated Edison by 74.8% in the 4th quarter. Retirement Group LLC now owns 271 shares of the utilities provider's stock worth $26,000 after purchasing an additional 116 shares in the last quarter. Brinker Capital Investments LLC increased its stake in shares of Consolidated Edison by 1.2% in the 1st quarter. Brinker Capital Investments LLC now owns 9,592 shares of the utilities provider's stock worth $908,000 after purchasing an additional 117 shares in the last quarter. Finally, MGO One Seven LLC increased its stake in shares of Consolidated Edison by 2.1% in the 3rd quarter. MGO One Seven LLC now owns 5,727 shares of the utilities provider's stock worth $490,000 after purchasing an additional 119 shares in the last quarter. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Edison Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Wednesday, February 14th were given a $0.83 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This is a boost from Consolidated Edison's previous quarterly dividend of $0.81. This represents a $3.32 annualized dividend and a yield of 3.74%. Consolidated Edison's dividend payout ratio is 46.24%.

About Consolidated Edison

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.