FY2026 Earnings Forecast for ED Issued By Scotiabank

Consolidated Edison, Inc. (NYSE:ED) – Stock analysts at Scotiabank issued their FY2026 earnings per share estimates for shares of 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 of $5.90 per share for the year. Scotiabank has a “Sector Perform” rating and a $100.00 price target on the stock. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.34 per share.

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

A number of other analysts have also recently commented on the company. Evercore ISI raised Consolidated Edison from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. UBS Group boosted their price objective on shares of Consolidated Edison from $105.00 to $106.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Citigroup upgraded shares of Consolidated Edison from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $103.00 to $116.00 in a report on Tuesday, October 15th. Morgan Stanley decreased their price objective on shares of Consolidated Edison from $88.00 to $85.00 and set an “underweight” rating for the company in a report on Friday, November 22nd. Finally, Jefferies Financial Group assumed coverage on shares of Consolidated Edison in a report on Wednesday, October 9th. They issued a “hold” rating and a $108.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Consolidated Edison currently has a consensus rating of “Hold” and an average price target of $100.64.

Consolidated Edison Stock Performance

Shares of ED opened at $88.19 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 1.07. The business’s 50 day moving average price is $94.15 and its 200-day moving average price is $97.85. 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 $30.55 billion, a P/E ratio of 16.61, a P/E/G ratio of 3.11 and a beta of 0.38.

Consolidated Edison Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Wednesday, November 13th were issued a dividend of $0.83 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $3.32 annualized dividend and a dividend yield of 3.76%. Consolidated Edison’s dividend payout ratio (DPR) is presently 62.52%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. RMR Wealth Builders increased 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 worth $319,000 after purchasing an additional 287 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Consolidated Edison by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 8,707 shares of the utilities provider’s stock worth $777,000 after acquiring an additional 213 shares during the last quarter. ST Germain D J Co. Inc. boosted its position in 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 worth $107,000 after acquiring an additional 450 shares during the last quarter. Douglas Lane & Associates LLC boosted its position in Consolidated Edison by 54.7% during the fourth quarter. Douglas Lane & Associates LLC now owns 5,504 shares of the utilities provider’s stock worth $491,000 after acquiring an additional 1,947 shares during the last quarter. Finally, Diversified Trust Co boosted its position in Consolidated Edison by 0.3% during the fourth quarter. Diversified Trust Co now owns 44,317 shares of the utilities provider’s stock worth $3,954,000 after acquiring an additional 138 shares during the last quarter. Hedge funds and other 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.