Zacks Research Issues Optimistic Estimate for ED Earnings

Consolidated Edison, Inc. (NYSE:ED) – Investment analysts at Zacks Research boosted their Q2 2026 earnings per share estimates for Consolidated Edison in a research note issued on Thursday, May 22nd. Zacks Research analyst R. Department now anticipates that the utilities provider will earn $0.95 per share for the quarter, up from their previous estimate of $0.83. 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 Q3 2026 earnings at $1.48 EPS.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Thursday, May 1st. The utilities provider reported $2.25 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.05). The firm had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.21 billion. Consolidated Edison had a return on equity of 8.62% and a net margin of 11.93%. During the same quarter in the prior year, the company earned $2.15 earnings per share.

Several other equities research analysts also recently weighed in on the company. KeyCorp downgraded Consolidated Edison from a “sector weight” rating to an “underweight” rating and set a $90.00 target price for the company. in a research report on Wednesday, May 14th. Mizuho increased their price target on Consolidated Edison from $92.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Morgan Stanley reduced their price target on Consolidated Edison from $94.00 to $93.00 and set an “underweight” rating for the company in a report on Thursday. Guggenheim increased their price target on Consolidated Edison from $96.00 to $103.00 and gave the company a “neutral” rating in a report on Friday, May 2nd. Finally, Scotiabank increased their price target on Consolidated Edison from $100.00 to $101.00 and gave the company a “sector perform” rating in a report on Monday, February 24th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Consolidated Edison presently has an average rating of “Hold” and a consensus target price of $104.27.

Consolidated Edison Price Performance

Shares of NYSE ED opened at $104.02 on Monday. Consolidated Edison has a 1-year low of $87.28 and a 1-year high of $114.87. The business has a 50-day moving average of $108.33 and a 200-day moving average of $100.00. 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 $37.48 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 3.05 and a beta of 0.29.

Institutional Trading of Consolidated Edison

Several institutional investors and hedge funds have recently bought and sold shares of the company. Focus Partners Wealth lifted its holdings in shares of Consolidated Edison by 0.4% in the 1st quarter. Focus Partners Wealth now owns 55,342 shares of the utilities provider’s stock worth $6,120,000 after purchasing an additional 228 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in shares of Consolidated Edison in the 1st quarter worth approximately $62,000. Integrity Alliance LLC. bought a new stake in shares of Consolidated Edison in the 1st quarter worth approximately $281,000. Ransom Advisory Ltd bought a new stake in shares of Consolidated Edison in the 1st quarter worth approximately $509,000. Finally, Plato Investment Management Ltd lifted its holdings in shares of Consolidated Edison by 0.9% in the 1st quarter. Plato Investment Management Ltd now owns 22,930 shares of the utilities provider’s stock worth $2,563,000 after purchasing an additional 210 shares during the last quarter. Institutional investors and hedge funds own 66.29% of the company’s stock.

Consolidated Edison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, May 14th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Wednesday, May 14th. Consolidated Edison’s payout ratio is currently 62.85%.

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.