Consolidated Edison (ED) to Release Earnings on Thursday

Consolidated Edison (NYSE:ED) is expected to release its Q1 2025 earnings data after the market closes on Thursday, May 1st. Analysts expect Consolidated Edison to post earnings of $2.30 per share and revenue of $4.21 billion for the quarter. Consolidated Edison has set its FY 2025 guidance at 5.500-5.700 EPS.

Consolidated Edison (NYSE:ED) last released its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $3.63 billion. On average, analysts expect Consolidated Edison to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Consolidated Edison Stock Performance

ED stock opened at $112.19 on Wednesday. The company has a 50 day moving average price of $107.07 and a 200 day moving average price of $99.66. Consolidated Edison has a fifty-two week low of $87.28 and a fifty-two week high of $114.87. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.01 and a quick ratio of 0.93. The stock has a market capitalization of $40.41 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 3.05 and a beta of 0.27.

Consolidated Edison Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Wednesday, May 14th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $3.40 annualized dividend and a dividend yield of 3.03%. Consolidated Edison’s dividend payout ratio (DPR) is currently 64.89%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays raised their price target on Consolidated Edison from $95.00 to $100.00 and gave the company an “underweight” rating in a report on Tuesday, April 22nd. Citigroup upped their target price on shares of Consolidated Edison from $116.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, April 9th. Mizuho lifted their price target on shares of Consolidated Edison from $92.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Scotiabank increased their price objective on shares of Consolidated Edison from $100.00 to $101.00 and gave the company a “sector perform” rating in a report on Monday, February 24th. Finally, UBS Group lifted their target price on shares of Consolidated Edison from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Consolidated Edison currently has a consensus rating of “Hold” and a consensus target price of $103.60.

Institutional Investors Weigh In On Consolidated Edison

A hedge fund recently raised its stake in Consolidated Edison stock. Revolve Wealth Partners LLC increased its holdings in shares of Consolidated Edison, Inc. (NYSE:ED) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,721 shares of the utilities provider’s stock after buying an additional 441 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Consolidated Edison were worth $332,000 as of its most recent SEC filing. 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.