Zacks Research Issues Pessimistic Estimate for ED Earnings

Consolidated Edison Inc (NYSE:ED) – Investment analysts at Zacks Research reduced their FY2025 EPS estimates for shares of Consolidated Edison in a research report issued to clients and investors on Wednesday, September 10th. Zacks Research analyst Team now forecasts that the utilities provider will earn $5.61 per share for the year, down from their prior forecast of $5.62. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.62 per share. Zacks Research also issued estimates for Consolidated Edison’s Q4 2025 earnings at $0.89 EPS, Q4 2026 earnings at $1.38 EPS and FY2026 earnings at $5.98 EPS.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings results on Thursday, August 7th. The utilities provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. Consolidated Edison had a net margin of 11.98% and a return on equity of 8.56%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same period in the prior year, the company posted $0.59 EPS. Consolidated Edison has set its FY 2025 guidance at 5.500-5.700 EPS.

Other equities analysts have also recently issued reports about the stock. KeyCorp reaffirmed an “overweight” rating on shares of Consolidated Edison in a research note on Wednesday, July 16th. Barclays increased their price objective on shares of Consolidated Edison from $101.00 to $107.00 and gave the company an “underweight” rating in a research note on Wednesday, August 13th. Mizuho increased their price objective on shares of Consolidated Edison from $107.00 to $112.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Scotiabank increased their price objective on shares of Consolidated Edison from $101.00 to $106.00 and gave the company a “sector perform” rating in a research note on Monday, August 11th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Consolidated Edison in a research note on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Consolidated Edison presently has an average rating of “Hold” and a consensus price target of $105.82.

Consolidated Edison Stock Performance

NYSE:ED opened at $97.54 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.10 and a debt-to-equity ratio of 1.04. Consolidated Edison has a fifty-two week low of $87.28 and a fifty-two week high of $114.87. The stock has a market cap of $35.18 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 2.72 and a beta of 0.28. The firm’s fifty day simple moving average is $100.92 and its 200-day simple moving average is $103.88.

Institutional Trading of Consolidated Edison

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Consolidated Edison by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 45,040,811 shares of the utilities provider’s stock worth $4,519,845,000 after acquiring an additional 1,923,717 shares during the period. Geode Capital Management LLC grew its stake in Consolidated Edison by 6.1% in the 2nd quarter. Geode Capital Management LLC now owns 9,796,782 shares of the utilities provider’s stock worth $979,204,000 after acquiring an additional 566,358 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Consolidated Edison by 1.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,868,772 shares of the utilities provider’s stock worth $538,437,000 after acquiring an additional 48,323 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Consolidated Edison by 6.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,820,449 shares of the utilities provider’s stock worth $430,129,000 after acquiring an additional 271,088 shares during the period. Finally, Norges Bank purchased a new stake in Consolidated Edison in the 2nd quarter worth approximately $462,218,000. 66.29% of the stock is owned by hedge funds and other institutional investors.

Consolidated Edison Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Wednesday, August 13th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Wednesday, August 13th. Consolidated Edison’s dividend payout ratio (DPR) is currently 61.71%.

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.