Research Analysts Issue Forecasts for ED FY2025 Earnings

Consolidated Edison, Inc. (NYSE:ED) – Investment analysts at KeyCorp boosted their FY2025 earnings per share (EPS) estimates for Consolidated Edison in a report released on Tuesday, May 13th. KeyCorp analyst S. Karp now anticipates that the utilities provider will post earnings per share of $5.63 for the year, up from their prior forecast of $5.61. KeyCorp currently has a “Underweight” rating and a $90.00 target price on the stock. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.62 per share. KeyCorp also issued estimates for Consolidated Edison’s FY2026 earnings at $6.00 EPS.

Other equities analysts have also recently issued research reports about the stock. Barclays boosted their price target on shares of Consolidated Edison from $100.00 to $101.00 and gave the stock an “underweight” rating in a research note on Monday, May 5th. Morgan Stanley set a $94.00 target price on shares of Consolidated Edison and gave the stock an “overweight” rating in a research report on Wednesday, April 23rd. Scotiabank raised their price target on Consolidated Edison from $100.00 to $101.00 and gave the company a “sector perform” rating in a research report on Monday, February 24th. Guggenheim lifted their price target on Consolidated Edison from $96.00 to $103.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company upped their price objective on Consolidated Edison from $103.00 to $114.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $104.36.

Consolidated Edison Trading Up 2.7%

Shares of ED stock opened at $101.94 on Thursday. 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 $87.28 and a 52-week high of $114.87. The company has a market capitalization of $36.73 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 3.05 and a beta of 0.29. The business’s fifty day moving average is $108.44 and its 200 day moving average is $99.83.

Consolidated Edison (NYSE:ED) last posted its earnings results on Thursday, May 1st. The utilities provider reported $2.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.05). Consolidated Edison had a return on equity of 8.62% and a net margin of 11.93%. The firm had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter in the prior year, the company earned $2.15 earnings per share.

Consolidated Edison Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Wednesday, May 14th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 3.34%. The ex-dividend date is Wednesday, May 14th. Consolidated Edison’s dividend payout ratio is presently 62.85%.

Hedge Funds Weigh In On Consolidated Edison

Several institutional investors and hedge funds have recently bought and sold shares of ED. Family Office Research LLC purchased a new stake in shares of Consolidated Edison during the first quarter valued at approximately $202,000. Federation des caisses Desjardins du Quebec boosted its position in Consolidated Edison by 41.7% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 43,895 shares of the utilities provider’s stock valued at $4,855,000 after buying an additional 12,912 shares during the period. HBK Investments L P purchased a new stake in Consolidated Edison during the 1st quarter valued at $1,659,000. First Manhattan CO. LLC. bought a new stake in Consolidated Edison in the 1st quarter worth $810,000. Finally, GW Henssler & Associates Ltd. increased its position in shares of Consolidated Edison by 18.5% in the first quarter. GW Henssler & Associates Ltd. now owns 2,910 shares of the utilities provider’s stock valued at $322,000 after acquiring an additional 455 shares during the period. 66.29% of the stock is currently 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.