Consolidated Edison, Inc. (NYSE:ED - Free Report) - Investment analysts at Zacks Research lifted their Q1 2025 EPS estimates for Consolidated Edison in a research report issued to clients and investors on Wednesday, October 16th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $2.03 for the quarter, up from their prior forecast of $2.01. The consensus estimate for Consolidated Edison's current full-year earnings is $5.30 per share. Zacks Research also issued estimates for Consolidated Edison's Q1 2026 earnings at $1.88 EPS and FY2026 earnings at $5.93 EPS.
Several other brokerages have also recently issued reports on ED. Scotiabank raised their target price on shares of Consolidated Edison from $85.00 to $90.00 and gave the stock a "sector underperform" rating in a report on Tuesday, August 20th. Morgan Stanley raised their target price on shares of Consolidated Edison from $82.00 to $87.00 and gave the stock an "underweight" rating in a report on Wednesday, September 25th. Guggenheim raised their target price on shares of Consolidated Edison from $88.00 to $91.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Bank of America raised their target price on shares of Consolidated Edison from $97.00 to $109.00 and gave the stock a "buy" rating in a report on Monday, August 5th. Finally, Jefferies Financial Group initiated coverage on shares of Consolidated Edison in a report on Wednesday, October 9th. They issued a "hold" rating and a $108.00 target price on the stock. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $96.46.
Check Out Our Latest Report on Consolidated Edison
Consolidated Edison Price Performance
Shares of ED stock traded down $0.48 during trading hours on Thursday, hitting $105.66. 1,727,853 shares of the company's stock were exchanged, compared to its average volume of 1,820,519. The company has a market capitalization of $36.54 billion, a PE ratio of 20.28, a PEG ratio of 3.46 and a beta of 0.36. Consolidated Edison has a 12-month low of $85.85 and a 12-month high of $106.45. The business's 50 day simple moving average is $102.58 and its 200-day simple moving average is $96.42. The company has a current ratio of 1.04, a quick ratio of 0.97 and a debt-to-equity ratio of 1.08.
Consolidated Edison (NYSE:ED - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. The firm had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.08 billion. Consolidated Edison had a net margin of 12.03% and a return on equity of 8.67%. During the same period last year, the firm posted $0.61 earnings per share.
Consolidated Edison Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 3.14%. Consolidated Edison's dividend payout ratio is currently 63.72%.
Hedge Funds Weigh In On Consolidated Edison
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Beacon Capital Management LLC lifted its position in Consolidated Edison by 2,307.7% during the first quarter. Beacon Capital Management LLC now owns 313 shares of the utilities provider's stock valued at $28,000 after buying an additional 300 shares during the period. Pathway Financial Advisers LLC bought a new position in Consolidated Edison in the 1st quarter worth about $33,000. TruNorth Capital Management LLC bought a new position in Consolidated Edison in the 2nd quarter worth about $33,000. Versant Capital Management Inc boosted its stake in Consolidated Edison by 380.2% in the 2nd quarter. Versant Capital Management Inc now owns 413 shares of the utilities provider's stock worth $37,000 after purchasing an additional 327 shares in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new position in Consolidated Edison in the 1st quarter worth about $48,000. Hedge funds and other institutional investors own 66.29% of the company's stock.
About Consolidated Edison
(
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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.
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