Q2 EPS Estimate for Consolidated Edison Increased by Analyst

Consolidated Edison, Inc. (NYSE:ED - Free Report) - Zacks Research raised their Q2 2026 earnings estimates for Consolidated Edison in a research note issued on Thursday, May 22nd. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $0.95 for the quarter, up from their prior forecast of $0.83. 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 2026 earnings at $1.48 EPS.

Consolidated Edison (NYSE:ED - Get Free Report) last posted 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 11.93% and a return on equity of 8.62%. The business had revenue of $4.80 billion during the quarter, compared to analysts' expectations of $4.21 billion. During the same quarter in the previous year, the business posted $2.15 EPS.

Several other equities research analysts have also weighed in on the company. Morgan Stanley reduced their price objective on Consolidated Edison from $94.00 to $93.00 and set an "underweight" rating for the company in a research note on Thursday, May 22nd. UBS Group increased their price target on Consolidated Edison from $110.00 to $113.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Mizuho raised their target price on shares of Consolidated Edison from $92.00 to $95.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Citigroup raised their target price on shares of Consolidated Edison from $116.00 to $120.00 and gave the company a "buy" rating in a research note on Wednesday, April 9th. Finally, 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 report on Monday, February 24th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Consolidated Edison currently has a consensus rating of "Hold" and a consensus price target of $104.27.

Consolidated Edison Stock Performance

Shares of NYSE ED traded down $0.18 during mid-day trading on Monday, hitting $103.92. The company had a trading volume of 2,638,901 shares, compared to its average volume of 2,288,748. The firm's 50 day simple moving average is $108.26 and its two-hundred day simple moving average is $100.04. Consolidated Edison has a 12 month low of $87.28 and a 12 month high of $114.87. The stock has a market cap of $37.44 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 3.05 and a beta of 0.29. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.01 and a quick ratio of 0.93.

Consolidated Edison Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, May 14th will be issued a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $3.40 annualized dividend and a dividend yield of 3.27%. Consolidated Edison's dividend payout ratio (DPR) is currently 62.85%.

Hedge Funds Weigh In On Consolidated Edison

A number of large investors have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Consolidated Edison by 30.1% during the third quarter. Barclays PLC now owns 1,231,924 shares of the utilities provider's stock worth $128,279,000 after buying an additional 285,115 shares in the last quarter. JPMorgan Chase & Co. grew its position in Consolidated Edison by 4.0% in the third quarter. JPMorgan Chase & Co. now owns 2,145,128 shares of the utilities provider's stock valued at $223,373,000 after purchasing an additional 82,985 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Consolidated Edison by 241.4% in the 4th quarter. SG Americas Securities LLC now owns 26,404 shares of the utilities provider's stock valued at $2,356,000 after acquiring an additional 18,669 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Consolidated Edison by 5.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 10,548 shares of the utilities provider's stock valued at $941,000 after acquiring an additional 588 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Consolidated Edison by 13.6% during the fourth quarter. Fifth Third Bancorp now owns 17,582 shares of the utilities provider's stock worth $1,569,000 after acquiring an additional 2,105 shares in the last quarter. 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.