Consolidated Edison, Inc. to Post Q1 2026 Earnings of $1.84 Per Share, Zacks Research Forecasts (NYSE:ED)

Consolidated Edison, Inc. (NYSE:EDFree Report) – Zacks Research lifted their Q1 2026 earnings per share estimates for shares of Consolidated Edison in a research report issued on Thursday, May 23rd. Zacks Research analyst R. Department now forecasts that the utilities provider will earn $1.84 per share for the quarter, up from their prior estimate of $1.71. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.34 per share. Zacks Research also issued estimates for Consolidated Edison’s FY2026 earnings at $5.88 EPS.

Consolidated Edison (NYSE:EDGet Free Report) last issued its earnings results on Thursday, May 2nd. The utilities provider reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.26. Consolidated Edison had a return on equity of 8.79% and a net margin of 12.43%. The business had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.40 billion. During the same period in the prior year, the firm posted $1.83 EPS. Consolidated Edison’s quarterly revenue was down 2.8% compared to the same quarter last year.

A number of other brokerages have also recently issued reports on ED. Mizuho increased their target price on Consolidated Edison from $93.00 to $95.00 and gave the stock a “neutral” rating in a report on Tuesday. UBS Group dropped their price target on Consolidated Edison from $99.00 to $94.00 and set a “neutral” rating for the company in a report on Friday, February 16th. Wells Fargo & Company raised their price target on Consolidated Edison from $93.00 to $97.00 and gave the company an “equal weight” rating in a report on Friday, May 3rd. Barclays raised their price target on Consolidated Edison from $89.00 to $97.00 and gave the company an “equal weight” rating in a report on Tuesday, May 7th. Finally, Royal Bank of Canada dropped their price target on Consolidated Edison from $94.00 to $93.00 and set a “sector perform” rating for the company in a report on Friday, February 16th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $89.46.

Get Our Latest Stock Analysis on Consolidated Edison

Consolidated Edison Trading Down 1.3 %

Shares of ED opened at $93.20 on Monday. Consolidated Edison has a 1 year low of $80.46 and a 1 year high of $98.85. The company has a current ratio of 0.99, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The stock has a 50 day simple moving average of $92.78 and a 200-day simple moving average of $91.07. The stock has a market cap of $32.23 billion, a PE ratio of 17.89, a PEG ratio of 2.39 and a beta of 0.34.

Consolidated Edison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 15th will be given a $0.83 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.32 dividend on an annualized basis and a yield of 3.56%. Consolidated Edison’s payout ratio is 63.72%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Advisors LLC increased its position in shares of Consolidated Edison by 74.5% in the first quarter. Cetera Advisors LLC now owns 17,150 shares of the utilities provider’s stock valued at $1,557,000 after acquiring an additional 7,324 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Consolidated Edison by 442.3% during the first quarter. Cetera Investment Advisers now owns 87,922 shares of the utilities provider’s stock worth $7,984,000 after acquiring an additional 71,710 shares during the period. Swedbank AB bought a new stake in shares of Consolidated Edison during the first quarter worth approximately $30,515,000. LRI Investments LLC bought a new stake in shares of Consolidated Edison during the first quarter worth approximately $75,000. Finally, Citizens Financial Group Inc. RI boosted its stake in shares of Consolidated Edison by 67.4% in the first quarter. Citizens Financial Group Inc. RI now owns 7,858 shares of the utilities provider’s stock valued at $714,000 after buying an additional 3,164 shares during the period. 66.29% of the stock is currently owned by institutional investors.

About Consolidated Edison

(Get Free Report)

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.

See Also

Earnings History and Estimates for Consolidated Edison (NYSE:ED)

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