Zacks Research Analysts Reduce Earnings Estimates for ED

Key Points

• Zacks Research has revised its Q3 2025 earnings per share (EPS) estimate for Consolidated Edison down to $1.79, slightly below the previous estimate of $1.81.
• Consolidated Edison reported Q2 earnings of $0.67 per share, surpassing expectations, with a revenue of $3.60 billion for the quarter.
• The company announced a quarterly dividend of $0.85, reflecting an annualized yield of 3.5%, to be distributed to shareholders on September 15th.

Consolidated Edison Inc (NYSE:ED - Free Report) - Analysts at Zacks Research decreased their Q3 2025 earnings estimates for shares of Consolidated Edison in a research note issued on Wednesday, September 10th. Zacks Research analyst Team now forecasts that the utilities provider will post earnings per share of $1.79 for the quarter, down from their prior forecast of $1.81. 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 Q1 2026 earnings at $2.33 EPS and Q1 2027 earnings at $2.05 EPS.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.01. The firm had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.39 billion. Consolidated Edison had a net margin of 11.98% and a return on equity of 8.56%. During the same period in the prior year, the company earned $0.59 EPS. Consolidated Edison has set its FY 2025 guidance at 5.500-5.700 EPS.

Other research analysts have also issued reports about the stock. Morgan Stanley restated an "underweight" rating on shares of Consolidated Edison in a report on Thursday, August 21st. Bank of America downgraded shares of Consolidated Edison from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $112.00 to $101.00 in a research report on Friday, August 15th. KeyCorp reissued an "overweight" rating on shares of Consolidated Edison in a research report on Wednesday, July 16th. Mizuho increased their price objective on shares of Consolidated Edison from $107.00 to $112.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, Barclays increased their price objective on shares of Consolidated Edison from $101.00 to $107.00 and gave the company an "underweight" rating in a research report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Consolidated Edison presently has an average rating of "Hold" and an average target price of $105.82.

Consolidated Edison Price Performance

NYSE ED traded down $0.16 during trading hours on Thursday, reaching $97.54. The company's stock had a trading volume of 1,249,436 shares, compared to its average volume of 2,634,055. The stock has a market cap of $35.18 billion, a PE ratio of 17.70, a PEG ratio of 2.72 and a beta of 0.28. Consolidated Edison has a fifty-two week low of $87.28 and a fifty-two week high of $114.87. The company's 50-day moving average is $100.92 and its two-hundred day moving average is $103.90. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.10.

Consolidated Edison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Wednesday, August 13th will be paid a dividend of $0.85 per share. The ex-dividend date is Wednesday, August 13th. This represents a $3.40 annualized dividend and a yield of 3.5%. Consolidated Edison's dividend payout ratio (DPR) is 61.71%.

Institutional Investors Weigh In On Consolidated Edison

A number of hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC lifted its stake in Consolidated Edison by 13.6% in the second quarter. Golden State Wealth Management LLC now owns 837 shares of the utilities provider's stock valued at $84,000 after buying an additional 100 shares during the last quarter. Certuity LLC increased its stake in Consolidated Edison by 2.7% in the 2nd quarter. Certuity LLC now owns 3,743 shares of the utilities provider's stock worth $376,000 after purchasing an additional 100 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Consolidated Edison by 1.0% in the 2nd quarter. Exchange Traded Concepts LLC now owns 11,050 shares of the utilities provider's stock worth $1,109,000 after purchasing an additional 109 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in Consolidated Edison by 53.2% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 314 shares of the utilities provider's stock worth $32,000 after purchasing an additional 109 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Consolidated Edison by 1.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,896 shares of the utilities provider's stock worth $893,000 after purchasing an additional 110 shares in the last quarter. 66.29% of the stock is currently owned by institutional investors.

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.