Consolidated Edison (NYSE:ED) Releases Earnings Results, Beats Expectations By $0.04 EPS

Consolidated Edison (NYSE:ED) released its earnings results on Thursday. The utilities provider reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.04, FiscalAI reports. The company had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.75 billion. Consolidated Edison had a return on equity of 8.68% and a net margin of 12.70%. During the same quarter in the previous year, the company posted $1.90 EPS.

Consolidated Edison Trading Down 2.4%

NYSE:ED traded down $2.88 during trading hours on Friday, hitting $118.56. The company had a trading volume of 2,501,467 shares, compared to its average volume of 2,287,054. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17. The stock has a 50-day moving average price of $108.92 and a 200 day moving average price of $109.35. The company has a market capitalization of $43.85 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 4.10 and a beta of 0.23. Consolidated Edison has a 52 week low of $94.96 and a 52 week high of $122.75.

Consolidated Edison Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Wednesday, November 18th will be issued a $0.8875 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $3.55 annualized dividend and a yield of 3.0%. Consolidated Edison’s payout ratio is 56.80%.

Analyst Ratings Changes

Several research analysts have recently issued reports on ED shares. JPMorgan Chase & Co. cut their target price on shares of Consolidated Edison from $115.00 to $112.00 and set an “underweight” rating on the stock in a report on Wednesday, August 19th. Bank of America lowered their price target on shares of Consolidated Edison from $105.00 to $96.00 in a report on Friday, October 2nd. Morgan Stanley dropped their price target on shares of Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating for the company in a research report on Friday, September 18th. Jefferies Financial Group reissued a “hold” rating and issued a $105.00 price target (down from $121.00) on shares of Consolidated Edison in a report on Tuesday, October 6th. Finally, Scotiabank decreased their price objective on shares of Consolidated Edison from $117.00 to $110.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 30th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $109.74.

Consolidated Edison News Roundup

Here are the key news stories impacting Consolidated Edison this week:

• Positive Sentiment: Con Edison reported adjusted Q3 EPS of $2.07, up from $1.90 a year earlier, and revenue of $4.91 billion, above the cited $4.75 billion consensus. Some estimates vary slightly: one Zacks report characterized EPS as a narrow miss. Con Edison reports 2026 third-quarter earnings
• Positive Sentiment: Wells Fargo raised its price target to $134 from $118 and upgraded ED to “overweight.” Mizuho also lifted its target, to $124 from $108. Wells Fargo price-target update Mizuho price-target update
• Neutral Sentiment: FY 2026 EPS guidance is $6.05–$6.15, bracketing the $6.11 consensus. The range supports expectations near consensus, though its narrower span leaves less room for an upside surprise. Q3 earnings and guidance
• Negative Sentiment: Barclays raised its target only slightly, from $106 to $108, while retaining an “underweight” rating—still implying downside from the cited share price. Barclays rating and target
• Negative Sentiment: The company outlined $38 billion in planned investments, raising potential financing and shareholder-dilution concerns that could offset the appeal of earnings growth. Q3 earnings, guidance, and investment risks

About Consolidated Edison

Consolidated Edison, Inc is an energy holding company whose principal business is delivering electricity, natural gas and steam through regulated utility subsidiaries. Its services include generating, transmitting and distributing energy to residential, commercial and industrial customers.

Its largest subsidiary, Consolidated Edison Company of New York, serves customers in New York City and Westchester County. Orange and Rockland Utilities serves parts of southeastern New York and northern New Jersey.

The company’s roots trace back to New York Gas Light Company, founded in 1823.