Q2 EPS Forecast for Consolidated Edison Raised by Analyst

Consolidated Edison Inc (NYSE:ED - Free Report) - Equities research analysts at Zacks Research raised their Q2 2025 earnings per share estimates for shares of Consolidated Edison in a research note issued to investors on Wednesday, June 25th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings per share of $0.57 for the quarter, up from their prior estimate of $0.56. 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 $0.91 EPS, Q1 2026 earnings at $2.18 EPS and Q3 2026 earnings at $1.47 EPS.

A number of other analysts have also issued reports on ED. UBS Group raised their price target on Consolidated Edison from $110.00 to $113.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Barclays raised their price objective on Consolidated Edison from $100.00 to $101.00 and gave the stock an "underweight" rating in a report on Monday, May 5th. Wells Fargo & Company raised their price objective on Consolidated Edison from $103.00 to $114.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Morgan Stanley cut their price objective on Consolidated Edison from $93.00 to $92.00 and set an "underweight" rating on the stock in a report on Wednesday, June 18th. Finally, Citigroup raised their price objective on Consolidated Edison from $116.00 to $120.00 and gave the stock a "buy" rating in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $105.27.

Consolidated Edison Trading Up 2.3%

NYSE:ED traded up $2.25 during mid-day trading on Friday, reaching $100.40. The company's stock had a trading volume of 2,930,479 shares, compared to its average volume of 2,374,185. The company's fifty day simple moving average is $104.64 and its two-hundred day simple moving average is $100.84. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.28 and a quick ratio of 1.19. Consolidated Edison has a twelve month low of $87.28 and a twelve month high of $114.87. The stock has a market cap of $36.17 billion, a P/E ratio of 18.56, a P/E/G ratio of 3.13 and a beta of 0.27.

Consolidated Edison (NYSE:ED - Get Free Report) last issued its quarterly 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 return on equity of 8.61% and a net margin of 11.98%. The business had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period in the previous year, the business posted $2.15 earnings per share.

Consolidated Edison Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Wednesday, May 14th were issued a dividend of $0.85 per share. The ex-dividend date was Wednesday, May 14th. This represents a $3.40 annualized dividend and a dividend yield of 3.39%. Consolidated Edison's payout ratio is currently 62.85%.

Institutional Investors Weigh In On Consolidated Edison

Several hedge funds have recently modified their holdings of ED. Jacobi Capital Management LLC grew its position in shares of Consolidated Edison by 4.2% in the 4th quarter. Jacobi Capital Management LLC now owns 2,569 shares of the utilities provider's stock worth $229,000 after acquiring an additional 104 shares in the last quarter. Glen Eagle Advisors LLC boosted its position in Consolidated Edison by 6.2% during the 4th quarter. Glen Eagle Advisors LLC now owns 1,902 shares of the utilities provider's stock valued at $170,000 after purchasing an additional 111 shares during the period. Richwood Investment Advisors LLC boosted its position in Consolidated Edison by 2.3% during the 4th quarter. Richwood Investment Advisors LLC now owns 5,194 shares of the utilities provider's stock valued at $463,000 after purchasing an additional 115 shares during the period. Western Wealth Management LLC boosted its position in Consolidated Edison by 0.7% during the 1st quarter. Western Wealth Management LLC now owns 16,101 shares of the utilities provider's stock valued at $1,781,000 after purchasing an additional 116 shares during the period. Finally, Eastern Bank boosted its position in Consolidated Edison by 2.9% during the 1st quarter. Eastern Bank now owns 4,294 shares of the utilities provider's stock valued at $475,000 after purchasing an additional 120 shares during the period. 66.29% of the stock is currently owned by hedge funds and other 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.