Scotiabank Research Analysts Raise Earnings Estimates for ED

Consolidated Edison, Inc. (NYSE:ED) – Stock analysts at Scotiabank upped their FY2026 earnings per share estimates for shares of Consolidated Edison in a research note issued on Wednesday, March 19th. Scotiabank analyst A. Weisel now forecasts that the utilities provider will post earnings of $5.92 per share for the year, up from their previous estimate of $5.90. Scotiabank has a “Sector Perform” rating and a $101.00 price objective on the stock. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.62 per share.

Several other research firms also recently commented on ED. Morgan Stanley increased their target price on shares of Consolidated Edison from $85.00 to $91.00 and gave the stock an “underweight” rating in a research report on Thursday, March 20th. Evercore ISI lowered Consolidated Edison from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Mizuho increased their price target on Consolidated Edison from $92.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. UBS Group upped their price objective on shares of Consolidated Edison from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Barclays lifted their target price on shares of Consolidated Edison from $92.00 to $95.00 and gave the stock an “underweight” rating in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $102.40.

Consolidated Edison Trading Down 0.9 %

NYSE:ED opened at $106.87 on Monday. The company has a market capitalization of $37.06 billion, a P/E ratio of 20.40, a P/E/G ratio of 3.05 and a beta of 0.30. The stock’s 50 day moving average price is $98.28 and its 200 day moving average price is $98.38. 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 has a 52 week low of $87.16 and a 52 week high of $109.36.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.01. Consolidated Edison had a net margin of 11.93% and a return on equity of 8.62%. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.63 billion.

Consolidated Edison Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were given a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Wednesday, February 19th. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.83. Consolidated Edison’s dividend payout ratio (DPR) is 64.89%.

Hedge Funds Weigh In On Consolidated Edison

Several institutional investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in Consolidated Edison during the 3rd quarter worth about $776,000. JPMorgan Chase & Co. increased its holdings in shares of Consolidated Edison by 4.0% in the third quarter. JPMorgan Chase & Co. now owns 2,145,128 shares of the utilities provider’s stock valued at $223,373,000 after purchasing an additional 82,985 shares in the last quarter. Hennessy Advisors Inc. raised its position in Consolidated Edison by 2.8% in the 4th quarter. Hennessy Advisors Inc. now owns 143,136 shares of the utilities provider’s stock worth $12,772,000 after purchasing an additional 3,900 shares during the last quarter. Gateway Investment Advisers LLC lifted its holdings in Consolidated Edison by 102.7% during the 4th quarter. Gateway Investment Advisers LLC now owns 430,279 shares of the utilities provider’s stock worth $38,394,000 after buying an additional 217,981 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Consolidated Edison by 81.4% in the 4th quarter. Jones Financial Companies Lllp now owns 9,921 shares of the utilities provider’s stock valued at $885,000 after buying an additional 4,451 shares during the period. 66.29% of the stock is owned by institutional investors.

Consolidated Edison Company Profile

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.