Zacks Research Issues Optimistic Estimate for ED Earnings

Consolidated Edison, Inc. (NYSE:ED) – Research analysts at Zacks Research increased their Q1 2025 earnings estimates for Consolidated Edison in a research note issued on Monday, January 20th. Zacks Research analyst R. Department now forecasts that the utilities provider will earn $2.18 per share for the quarter, up from their previous forecast of $2.16. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.35 per share. Zacks Research also issued estimates for Consolidated Edison’s Q3 2025 earnings at $1.85 EPS, Q4 2025 earnings at $1.13 EPS, Q4 2026 earnings at $1.34 EPS and FY2026 earnings at $5.94 EPS.

Consolidated Edison (NYSE:ED) last announced its earnings results on Thursday, November 7th. The utilities provider reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.12. Consolidated Edison had a return on equity of 8.70% and a net margin of 12.27%. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.02 billion.

A number of other brokerages also recently commented on ED. Barclays lowered their price target on shares of Consolidated Edison from $104.00 to $99.00 and set an “underweight” rating for the company in a report on Friday, November 8th. Citigroup upgraded Consolidated Edison from a “neutral” rating to a “buy” rating and boosted their price target for the company from $103.00 to $116.00 in a report on Tuesday, October 15th. Scotiabank upgraded Consolidated Edison from a “sector underperform” rating to a “sector perform” rating and raised their price objective for the stock from $90.00 to $100.00 in a report on Thursday, December 12th. Evercore ISI upgraded Consolidated Edison from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group assumed coverage on Consolidated Edison in a research note on Wednesday, October 9th. They issued a “hold” rating and a $108.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Consolidated Edison currently has a consensus rating of “Hold” and an average target price of $100.64.

Consolidated Edison Trading Down 2.6 %

Consolidated Edison stock opened at $90.79 on Wednesday. The stock has a 50-day moving average price of $93.18 and a 200 day moving average price of $98.03. Consolidated Edison has a 52 week low of $85.85 and a 52 week high of $107.75. The stock has a market cap of $31.45 billion, a PE ratio of 17.10, a P/E/G ratio of 2.99 and a beta of 0.38. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 1.07.

Consolidated Edison Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Wednesday, February 19th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 3.75%. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Wednesday, February 19th. Consolidated Edison’s dividend payout ratio (DPR) is presently 62.52%.

Institutional Investors Weigh In On Consolidated Edison

A number of hedge funds have recently bought and sold shares of the business. State Street Corp increased its holdings in Consolidated Edison by 1.7% in the third quarter. State Street Corp now owns 23,429,218 shares of the utilities provider’s stock valued at $2,439,684,000 after buying an additional 399,034 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Consolidated Edison by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,853,788 shares of the utilities provider’s stock valued at $919,041,000 after acquiring an additional 107,281 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Consolidated Edison by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,148,666 shares of the utilities provider’s stock valued at $223,741,000 after acquiring an additional 28,254 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Consolidated Edison by 4.0% during the third quarter. JPMorgan Chase & Co. now owns 2,145,128 shares of the utilities provider’s stock worth $223,373,000 after purchasing an additional 82,985 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Consolidated Edison by 11.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,273,115 shares of the utilities provider’s stock worth $113,845,000 after purchasing an additional 125,859 shares during the period. Institutional investors and hedge funds 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.