Zacks Research Issues Positive Forecast for ED Earnings

Consolidated Edison, Inc. (NYSE:ED) – Stock analysts at Zacks Research increased their Q1 2025 earnings estimates for Consolidated Edison in a research note issued to investors on Thursday, March 13th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of $2.21 per share for the quarter, up from their prior estimate of $2.18. 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 Q2 2025 earnings at $0.53 EPS, Q4 2025 earnings at $1.04 EPS, Q1 2026 earnings at $1.98 EPS, Q2 2026 earnings at $0.83 EPS, Q3 2026 earnings at $1.79 EPS and FY2027 earnings at $6.31 EPS.

Several other equities analysts also recently issued reports on the stock. Evercore ISI downgraded shares of Consolidated Edison from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Barclays upped their price objective on shares of Consolidated Edison from $92.00 to $95.00 and gave the company an “underweight” rating in a research note on Monday, February 24th. Mizuho upped their price objective on shares of Consolidated Edison from $92.00 to $95.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Morgan Stanley reduced their price objective on shares of Consolidated Edison from $88.00 to $85.00 and set an “underweight” rating on the stock in a research note on Friday, November 22nd. Finally, UBS Group upped their price objective on shares of Consolidated Edison from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $101.50.

Consolidated Edison Stock Up 1.9 %

Shares of NYSE ED opened at $106.60 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.01 and a quick ratio of 0.93. The company has a market capitalization of $36.97 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 3.05 and a beta of 0.30. The firm’s 50-day moving average is $95.96 and its two-hundred day moving average is $98.17. Consolidated Edison has a 12-month low of $87.16 and a 12-month high of $107.97.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.01. Consolidated Edison had a net margin of 11.93% and a return on equity of 8.62%. The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.63 billion.

Institutional Investors Weigh In On Consolidated Edison

Large investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of Consolidated Edison in the third quarter worth $776,000. JPMorgan Chase & Co. grew its holdings in Consolidated Edison by 4.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,145,128 shares of the utilities provider’s stock valued at $223,373,000 after purchasing an additional 82,985 shares in the last quarter. Hennessy Advisors Inc. grew its holdings in Consolidated Edison by 2.8% during the 4th quarter. Hennessy Advisors Inc. now owns 143,136 shares of the utilities provider’s stock valued at $12,772,000 after purchasing an additional 3,900 shares in the last quarter. Gateway Investment Advisers LLC grew its holdings in Consolidated Edison by 102.7% during the 4th quarter. Gateway Investment Advisers LLC now owns 430,279 shares of the utilities provider’s stock valued at $38,394,000 after purchasing an additional 217,981 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Consolidated Edison by 81.4% during the 4th quarter. Jones Financial Companies Lllp now owns 9,921 shares of the utilities provider’s stock valued at $885,000 after purchasing an additional 4,451 shares in the last quarter. Institutional investors and hedge funds own 66.29% of the company’s stock.

Consolidated Edison Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th were given a $0.85 dividend. The ex-dividend date of this dividend was Wednesday, February 19th. This represents a $3.40 annualized dividend and a dividend yield of 3.19%. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.83. Consolidated Edison’s dividend payout ratio is presently 64.89%.

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.