Zacks Research Brokers Raise Earnings Estimates for ED

Consolidated Edison, Inc. (NYSE:ED - Free Report) - Research analysts at Zacks Research increased their Q2 2026 earnings per share (EPS) estimates for shares of Consolidated Edison in a research report issued to clients and investors on Thursday, May 22nd. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings of $0.95 per share for the quarter, up from their prior estimate 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 announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.05). The company had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.21 billion. Consolidated Edison had a return on equity of 8.62% and a net margin of 11.93%. During the same quarter last year, the company posted $2.15 earnings per share.

ED has been the subject of several other reports. Mizuho increased their price objective on Consolidated Edison from $92.00 to $95.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Guggenheim increased their price target on shares of Consolidated Edison from $96.00 to $103.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. KeyCorp lowered shares of Consolidated Edison from a "sector weight" rating to an "underweight" rating and set a $90.00 price target on the stock. in a report on Wednesday, May 14th. Wells Fargo & Company lifted their target price on shares of Consolidated Edison from $103.00 to $114.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley cut their target price on Consolidated Edison from $94.00 to $93.00 and set an "underweight" rating on the stock in a research note on Thursday, May 22nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $104.27.

Consolidated Edison Stock Up 0.4%

ED traded up $0.44 during trading on Monday, hitting $103.82. 243,016 shares of the company's stock were exchanged, compared to its average volume of 2,283,158. Consolidated Edison has a fifty-two week low of $87.28 and a fifty-two week high of $114.87. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 1.07. The business's 50 day moving average is $107.99 and its two-hundred day moving average is $100.12. The stock has a market cap of $37.41 billion, a P/E ratio of 19.79, a PEG ratio of 3.05 and a beta of 0.29.

Consolidated Edison Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Wednesday, May 14th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Wednesday, May 14th. Consolidated Edison's dividend payout ratio is presently 62.85%.

Institutional Trading of Consolidated Edison

Institutional investors and hedge funds have recently made changes to their positions in the company. AlphaMark Advisors LLC purchased a new position in shares of Consolidated Edison in the 4th quarter valued at approximately $27,000. Alpine Bank Wealth Management acquired a new stake in Consolidated Edison in the 1st quarter valued at $32,000. Fort Vancouver Investment Management LLC acquired a new position in shares of Consolidated Edison during the first quarter valued at approximately $33,000. Financial Network Wealth Advisors LLC purchased a new stake in shares of Consolidated Edison during the first quarter worth approximately $33,000. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in Consolidated Edison by 64.9% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 305 shares of the utilities provider's stock worth $34,000 after buying an additional 120 shares during the last quarter. 66.29% of the stock is currently owned by institutional investors.

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.