Q2 EPS Forecast for Consolidated Edison Raised by Analyst

Consolidated Edison, Inc. (NYSE:ED - Free Report) - Equities researchers at Zacks Research raised their Q2 2025 earnings per share estimates for Consolidated Edison in a report released on Thursday, May 22nd. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $0.56 for the quarter, up from their prior estimate of $0.53. The consensus estimate for Consolidated Edison's current full-year earnings is $5.62 per share. Zacks Research also issued estimates for Consolidated Edison's Q3 2025 earnings at $1.77 EPS, Q4 2025 earnings at $1.00 EPS, FY2025 earnings at $5.60 EPS, Q1 2026 earnings at $2.17 EPS, Q4 2026 earnings at $1.42 EPS, FY2026 earnings at $6.01 EPS, Q1 2027 earnings at $1.94 EPS and FY2027 earnings at $6.34 EPS.

Consolidated Edison (NYSE:ED - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.30 by ($0.05). Consolidated Edison had a net margin of 11.93% and a return on equity of 8.62%. The company had revenue of $4.80 billion during the quarter, compared to analysts' expectations of $4.21 billion. During the same quarter last year, the business posted $2.15 earnings per share.

A number of other research firms have also recently weighed in on ED. Scotiabank raised their price target on Consolidated Edison from $100.00 to $101.00 and gave the company a "sector perform" rating in a research note on Monday, February 24th. KeyCorp cut Consolidated Edison from a "sector weight" rating to an "underweight" rating and set a $90.00 target price on the stock. in a research report on Wednesday, May 14th. Citigroup lifted their target price on Consolidated Edison from $116.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, April 9th. Guggenheim lifted their target price on Consolidated Edison from $96.00 to $103.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company lifted their target price on Consolidated Edison from $103.00 to $114.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $104.27.

Consolidated Edison Stock Down 1.8%

Consolidated Edison stock opened at $103.33 on Friday. Consolidated Edison has a 1-year low of $87.28 and a 1-year high of $114.87. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.01 and a quick ratio of 0.93. The stock has a market cap of $37.23 billion, a PE ratio of 19.72, a P/E/G ratio of 3.05 and a beta of 0.29. The stock's fifty day moving average is $108.41 and its two-hundred day moving average is $99.95.

Hedge Funds Weigh In On Consolidated Edison

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Consolidated Edison by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 43,117,094 shares of the utilities provider's stock valued at $4,768,319,000 after acquiring an additional 661,432 shares during the period. Geode Capital Management LLC increased its position in Consolidated Edison by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 8,984,022 shares of the utilities provider's stock valued at $799,684,000 after acquiring an additional 130,234 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Consolidated Edison by 1.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,868,772 shares of the utilities provider's stock valued at $538,437,000 after acquiring an additional 48,323 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Consolidated Edison by 6.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,820,449 shares of the utilities provider's stock valued at $430,129,000 after acquiring an additional 271,088 shares during the period. Finally, Norges Bank purchased a new stake in Consolidated Edison in the 4th quarter valued at approximately $399,824,000. Institutional investors and hedge funds own 66.29% of the company's stock.

Consolidated Edison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Wednesday, May 14th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Wednesday, May 14th. Consolidated Edison's dividend payout ratio (DPR) is presently 62.85%.

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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