Zacks Research Issues Negative Forecast for ED Earnings

Consolidated Edison, Inc. (NYSE:ED) – Stock analysts at Zacks Research cut their Q3 2025 EPS estimates for shares of Consolidated Edison in a research note issued to investors on Wednesday, October 16th. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $1.84 per share for the quarter, down from their prior estimate of $1.85. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.30 per share.

A number of other equities research analysts have also commented on ED. Wells Fargo & Company upped their price objective on shares of Consolidated Edison from $97.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Jefferies Financial Group assumed coverage on shares of Consolidated Edison in a research note on Wednesday, October 9th. They set a “hold” rating and a $108.00 target price on the stock. Barclays increased their target price on shares of Consolidated Edison from $92.00 to $98.00 and gave the stock an “underweight” rating in a research note on Monday, August 5th. Bank of America increased their target price on shares of Consolidated Edison from $97.00 to $109.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, Morgan Stanley raised their price objective on shares of Consolidated Edison from $82.00 to $87.00 and gave the company an “underweight” rating in a research note on Wednesday, September 25th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $98.27.

Consolidated Edison Trading Up 1.0 %

NYSE:ED opened at $106.73 on Friday. The firm’s fifty day moving average is $102.80 and its 200-day moving average is $96.60. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.97 and a current ratio of 1.04. Consolidated Edison has a 52 week low of $85.85 and a 52 week high of $106.77. The firm has a market cap of $36.91 billion, a P/E ratio of 20.49, a P/E/G ratio of 3.46 and a beta of 0.36.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.02. Consolidated Edison had a net margin of 12.03% and a return on equity of 8.67%. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the firm posted $0.61 EPS.

Institutional Trading of Consolidated Edison

A number of large investors have recently added to or reduced their stakes in ED. Sei Investments Co. boosted its position in Consolidated Edison by 57.4% during the first quarter. Sei Investments Co. now owns 244,404 shares of the utilities provider’s stock worth $22,193,000 after purchasing an additional 89,080 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Consolidated Edison by 153.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 245,802 shares of the utilities provider’s stock worth $22,321,000 after purchasing an additional 148,988 shares during the period. Mizuho Markets Americas LLC boosted its position in Consolidated Edison by 121.1% during the first quarter. Mizuho Markets Americas LLC now owns 113,675 shares of the utilities provider’s stock worth $10,323,000 after purchasing an additional 62,260 shares during the period. AMF Tjanstepension AB bought a new position in shares of Consolidated Edison in the first quarter valued at approximately $13,193,000. Finally, Plato Investment Management Ltd boosted its position in shares of Consolidated Edison by 17,683.9% in the first quarter. Plato Investment Management Ltd now owns 9,959 shares of the utilities provider’s stock valued at $904,000 after acquiring an additional 9,903 shares during the period. Hedge funds and other institutional investors own 66.29% of the company’s stock.

Consolidated Edison Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 3.11%. Consolidated Edison’s dividend payout ratio (DPR) is presently 63.72%.

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.