Zacks Research Issues Optimistic Estimate for ED Earnings

Consolidated Edison, Inc. (NYSE:ED) – Stock analysts at Zacks Research lifted their Q3 2025 earnings per share (EPS) estimates for shares of Consolidated Edison in a report issued on Wednesday, December 11th. Zacks Research analyst R. Department now forecasts that the utilities provider will earn $1.80 per share for the quarter, up from their prior forecast of $1.77. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.34 per share.

Several other analysts have also weighed in on ED. Scotiabank upgraded shares of Consolidated Edison from a “sector underperform” rating to a “sector perform” rating and lifted their price objective for the company from $90.00 to $100.00 in a research note on Thursday, December 12th. Barclays decreased their price target on shares of Consolidated Edison from $104.00 to $99.00 and set an “underweight” rating for the company in a research note on Friday, November 8th. Evercore ISI raised shares of Consolidated Edison from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Citigroup raised Consolidated Edison from a “neutral” rating to a “buy” rating and boosted their target price for the company from $103.00 to $116.00 in a research report on Tuesday, October 15th. Finally, UBS Group upped their price target on Consolidated Edison from $105.00 to $106.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $99.96.

Consolidated Edison Trading Down 0.5 %

Shares of NYSE ED opened at $90.83 on Monday. The firm has a 50 day moving average price of $99.59 and a two-hundred day moving average price of $98.18. The stock has a market cap of $31.46 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 3.11 and a beta of 0.36. Consolidated Edison has a 52-week low of $85.85 and a 52-week high of $107.75. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.93 and a current ratio of 1.01.

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

Consolidated Edison Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders 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 3.66%. Consolidated Edison’s payout ratio is 62.52%.

Institutional Investors Weigh In On Consolidated Edison

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. lifted its stake in Consolidated Edison by 1,766.0% in the 3rd quarter. Point72 Asset Management L.P. now owns 988,961 shares of the utilities provider’s stock worth $102,980,000 after purchasing an additional 935,962 shares in the last quarter. Clean Energy Transition LLP boosted its stake in Consolidated Edison by 227.9% during the second quarter. Clean Energy Transition LLP now owns 897,553 shares of the utilities provider’s stock valued at $80,259,000 after buying an additional 623,787 shares during the last quarter. FMR LLC boosted its stake in Consolidated Edison by 82.3% during the third quarter. FMR LLC now owns 1,268,424 shares of the utilities provider’s stock valued at $132,081,000 after buying an additional 572,530 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Consolidated Edison by 10,262.1% during the 3rd quarter. International Assets Investment Management LLC now owns 553,546 shares of the utilities provider’s stock valued at $57,641,000 after buying an additional 548,204 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Consolidated Edison by 302.3% in the 2nd quarter. Acadian Asset Management LLC now owns 709,172 shares of the utilities provider’s stock worth $63,396,000 after acquiring an additional 532,893 shares during the last quarter. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

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.