Scotiabank Analysts Increase Earnings Estimates for ED

Consolidated Edison Inc (NYSE:ED) – Research analysts at Scotiabank boosted their FY2026 earnings estimates for Consolidated Edison in a note issued to investors on Thursday, February 26th. Scotiabank analyst A. Weisel now forecasts that the utilities provider will post earnings of $6.15 per share for the year, up from their prior estimate of $5.92. Scotiabank has a “Sector Perform” rating and a $117.00 price objective on the stock. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.62 per share. Scotiabank also issued estimates for Consolidated Edison’s FY2027 earnings at $6.55 EPS.

A number of other brokerages have also weighed in on ED. Mizuho set a $118.00 price objective on shares of Consolidated Edison in a report on Monday, February 23rd. TD Cowen lifted their price target on Consolidated Edison from $105.00 to $112.00 and gave the stock a “hold” rating in a research report on Tuesday, February 24th. Bank of America reiterated an “underperform” rating and set a $104.00 price target on shares of Consolidated Edison in a research note on Wednesday. Morgan Stanley restated an “underweight” rating and issued a $102.00 price objective on shares of Consolidated Edison in a research note on Friday, February 20th. Finally, Citigroup reaffirmed a “buy” rating on shares of Consolidated Edison in a report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $107.07.

Consolidated Edison Trading Up 1.6%

Shares of Consolidated Edison stock opened at $112.49 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. Consolidated Edison has a 12-month low of $94.96 and a 12-month high of $115.25. The firm has a market capitalization of $40.64 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 3.01 and a beta of 0.38. The firm’s 50 day simple moving average is $104.99 and its two-hundred day simple moving average is $101.12.

Consolidated Edison (NYSE:ED) last released its quarterly earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.71 billion. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $0.98 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS.

Consolidated Edison Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 18th will be paid a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from Consolidated Edison’s previous quarterly dividend of $0.85. Consolidated Edison’s dividend payout ratio is currently 62.83%.

Insider Activity

In related news, Director John F. Killian sold 2,276 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $96.89, for a total value of $220,521.64. Following the completion of the transaction, the director directly owned 38,661 shares in the company, valued at approximately $3,745,864.29. This represents a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.17% of the stock is owned by company insiders.

Institutional Investors Weigh In On Consolidated Edison

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cross Staff Investments Inc lifted its stake in shares of Consolidated Edison by 2.2% in the 4th quarter. Cross Staff Investments Inc now owns 6,898 shares of the utilities provider’s stock valued at $685,000 after purchasing an additional 150 shares in the last quarter. DGS Capital Management LLC raised its holdings in Consolidated Edison by 16.5% in the fourth quarter. DGS Capital Management LLC now owns 11,247 shares of the utilities provider’s stock valued at $1,117,000 after buying an additional 1,595 shares during the period. SG Trading Solutions LLC acquired a new position in Consolidated Edison during the fourth quarter valued at approximately $277,000. Pacer Advisors Inc. grew its stake in Consolidated Edison by 27.2% during the fourth quarter. Pacer Advisors Inc. now owns 38,682 shares of the utilities provider’s stock worth $3,842,000 after buying an additional 8,269 shares during the period. Finally, Kera Capital Partners Inc. increased its position in shares of Consolidated Edison by 64.9% in the fourth quarter. Kera Capital Partners Inc. now owns 5,080 shares of the utilities provider’s stock worth $542,000 after acquiring an additional 1,999 shares in the last quarter. 66.29% of the stock is currently owned by institutional investors and hedge funds.

About Consolidated Edison

Consolidated Edison, Inc, commonly known as Con Edison, is an investor-owned energy company that primarily delivers electricity, natural gas and steam to customers in the New York metropolitan area. Its regulated utility operations include the distribution and transmission of electric power, the distribution of natural gas, and the operation of one of the largest district steam systems in the United States, serving commercial, institutional and residential customers in New York City and nearby counties.

The company operates through regulated utility subsidiaries that serve urban and suburban service territories, together with non-utility businesses that develop, own and manage energy infrastructure and clean energy projects.