Zacks Research Issues Optimistic Estimate for ED Earnings

Key Points

• Zacks Research has raised its Q2 2025 earnings per share estimate for Consolidated Edison from $0.57 to $0.62, indicating improved expectations for the company.
• The company reported Q1 earnings of $2.25 per share, which was below the analyst consensus estimate of $2.30.
• Consolidated Edison recently announced a quarterly dividend of $0.85 per share, contributing to a 3.33% annualized dividend yield.

Consolidated Edison Inc (NYSE:ED - Free Report) - Research analysts at Zacks Research raised their Q2 2025 earnings per share (EPS) estimates for shares of Consolidated Edison in a note issued to investors on Tuesday, July 29th. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $0.62 per share for the quarter, up from their previous forecast of $0.57. 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 Q4 2025 earnings at $0.89 EPS, Q1 2026 earnings at $2.20 EPS, Q2 2026 earnings at $0.96 EPS, Q3 2026 earnings at $1.46 EPS, Q4 2026 earnings at $1.39 EPS, Q1 2027 earnings at $1.96 EPS, Q2 2027 earnings at $1.12 EPS and FY2027 earnings at $6.32 EPS.

ED has been the topic of several other research reports. Barclays increased their target price on Consolidated Edison from $100.00 to $101.00 and gave the stock an "underweight" rating in a research note on Monday, May 5th. Citigroup increased their target price on Consolidated Edison from $116.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, April 9th. Wells Fargo & Company upped their price target on Consolidated Edison from $103.00 to $114.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Guggenheim increased their price target on Consolidated Edison from $96.00 to $103.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley reduced their price target on Consolidated Edison from $93.00 to $92.00 and set an "underweight" rating on the stock in a research report on Wednesday, June 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Consolidated Edison presently has an average rating of "Hold" and an average target price of $105.09.

Consolidated Edison Trading Up 0.9%

Shares of Consolidated Edison stock traded up $0.91 during trading hours on Wednesday, hitting $104.41. The company's stock had a trading volume of 2,272,574 shares, compared to its average volume of 1,936,933. Consolidated Edison has a twelve month low of $87.28 and a twelve month high of $114.87. The firm has a fifty day moving average of $101.54 and a 200-day moving average of $102.57. The stock has a market cap of $37.62 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 3.30 and a beta of 0.24. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.19 and a current ratio of 1.28.

Consolidated Edison (NYSE:ED - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.25 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.05). Consolidated Edison had a net margin of 11.98% and a return on equity of 8.61%. The business had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the company earned $2.15 EPS.

Consolidated Edison Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Wednesday, August 13th will be issued a $0.85 dividend. The ex-dividend date is Wednesday, August 13th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.3%. Consolidated Edison's dividend payout ratio is presently 62.85%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 661,432 shares during the last quarter. Geode Capital Management LLC raised its holdings in Consolidated Edison by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 8,984,022 shares of the utilities provider's stock worth $799,684,000 after purchasing an additional 130,234 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Consolidated Edison by 1.0% during the first 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 worth $538,437,000 after purchasing an additional 48,323 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Consolidated Edison by 6.0% during the fourth 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 worth $430,129,000 after purchasing an additional 271,088 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Consolidated Edison by 10.2% in the fourth quarter. Northern Trust Corp now owns 4,207,753 shares of the utilities provider's stock worth $375,458,000 after acquiring an additional 390,708 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, 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.