Zacks Research Issues Positive Outlook for ED Earnings

Consolidated Edison, Inc. (NYSE:ED) – Stock analysts at Zacks Research increased their Q1 2025 earnings per share (EPS) estimates for shares of Consolidated Edison in a report issued on Monday, January 20th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $2.18 for the quarter, up from their prior forecast of $2.16. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.35 per share. Zacks Research also issued estimates for Consolidated Edison’s Q3 2025 earnings at $1.85 EPS, Q4 2025 earnings at $1.13 EPS, Q4 2026 earnings at $1.34 EPS and FY2026 earnings at $5.94 EPS.

ED has been the topic of a number of other reports. Citigroup upgraded Consolidated Edison from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $103.00 to $116.00 in a research report on Tuesday, October 15th. Evercore ISI upgraded Consolidated Edison from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Scotiabank raised Consolidated Edison from a “sector underperform” rating to a “sector perform” rating and raised their price objective for the stock from $90.00 to $100.00 in a research report on Thursday, December 12th. Barclays dropped their target price on shares of Consolidated Edison from $104.00 to $99.00 and set an “underweight” rating on the stock in a research report on Friday, November 8th. Finally, Jefferies Financial Group initiated coverage on Consolidated Edison in a research note on Wednesday, October 9th. They issued a “hold” rating and a $108.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $100.64.

Consolidated Edison Trading Down 0.5 %

Shares of NYSE:ED opened at $93.17 on Wednesday. The company has a market cap of $32.28 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 2.99 and a beta of 0.38. Consolidated Edison has a 12-month low of $85.85 and a 12-month high of $107.75. The stock has a 50 day moving average of $93.25 and a 200 day moving average of $98.01. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 1.07.

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

Consolidated Edison Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Wednesday, February 19th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.65%. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.83. The ex-dividend date is Wednesday, February 19th. Consolidated Edison’s dividend payout ratio is 62.52%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of Consolidated Edison by 11.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,273,115 shares of the utilities provider’s stock valued at $113,845,000 after buying an additional 125,859 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Consolidated Edison by 13.0% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 868 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 100 shares during the last quarter. King Luther Capital Management Corp acquired a new position in Consolidated Edison during the 2nd quarter valued at about $234,000. AE Wealth Management LLC boosted its position in shares of Consolidated Edison by 23.4% during the second quarter. AE Wealth Management LLC now owns 11,412 shares of the utilities provider’s stock worth $1,020,000 after buying an additional 2,163 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in Consolidated Edison by 5.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 31,388 shares of the utilities provider’s stock valued at $2,806,000 after buying an additional 1,489 shares during the period. 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.