FY2026 Earnings Estimate for ED Issued By Scotiabank

Consolidated Edison, Inc. (NYSE:ED - Free Report) - Equities research analysts at Scotiabank issued their FY2026 EPS estimates for Consolidated Edison in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst A. Weisel forecasts that the utilities provider will post earnings per share of $5.90 for the year. Scotiabank has a "Sector Perform" rating and a $100.00 price objective on the stock. The consensus estimate for Consolidated Edison's current full-year earnings is $5.34 per share.

Several other brokerages have also issued reports on ED. Evercore ISI raised Consolidated Edison from a "hold" rating to a "strong-buy" rating in a research note on Friday, November 8th. Morgan Stanley reduced their price target on shares of Consolidated Edison from $88.00 to $85.00 and set an "underweight" rating for the company in a research report on Friday, November 22nd. UBS Group raised their price objective on shares of Consolidated Edison from $105.00 to $106.00 and gave the company a "neutral" rating in a research note on Friday, September 20th. Jefferies Financial Group initiated coverage on shares of Consolidated Edison in a research report on Wednesday, October 9th. They set a "hold" rating and a $108.00 target price for the company. Finally, Barclays decreased their price objective on Consolidated Edison from $104.00 to $99.00 and set an "underweight" rating for the company in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $100.64.

Consolidated Edison Trading Down 0.9 %

Shares of Consolidated Edison stock traded down $0.82 during trading on Friday, hitting $88.19. The company's stock had a trading volume of 2,243,168 shares, compared to its average volume of 2,065,228. The stock has a market cap of $30.55 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 3.11 and a beta of 0.36. Consolidated Edison has a 52 week low of $85.85 and a 52 week high of $107.75. The stock has a 50-day moving average price of $94.15 and a two-hundred day moving average price of $97.80. 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 (NYSE:ED - Get Free Report) last released its earnings results on Thursday, November 7th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.12. Consolidated Edison had a return on equity of 8.70% and a net margin of 12.27%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.02 billion.

Consolidated Edison Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Wednesday, November 13th were paid a $0.83 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $3.32 annualized dividend and a yield of 3.76%. Consolidated Edison's payout ratio is 62.52%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. RMR Wealth Builders grew its stake in shares of Consolidated Edison by 8.7% during the fourth quarter. RMR Wealth Builders now owns 3,576 shares of the utilities provider's stock valued at $319,000 after buying an additional 287 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Consolidated Edison by 2.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 8,707 shares of the utilities provider's stock worth $777,000 after purchasing an additional 213 shares during the period. ST Germain D J Co. Inc. boosted its stake in shares of Consolidated Edison by 60.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 1,194 shares of the utilities provider's stock valued at $107,000 after purchasing an additional 450 shares during the period. Douglas Lane & Associates LLC grew its holdings in shares of Consolidated Edison by 54.7% in the fourth quarter. Douglas Lane & Associates LLC now owns 5,504 shares of the utilities provider's stock worth $491,000 after purchasing an additional 1,947 shares during the last quarter. Finally, Diversified Trust Co increased its stake in Consolidated Edison by 0.3% in the 4th quarter. Diversified Trust Co now owns 44,317 shares of the utilities provider's stock worth $3,954,000 after buying an additional 138 shares during the period. 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.