Zacks Research Issues Positive Forecast for ED Earnings

Consolidated Edison, Inc. (NYSE:ED) – Zacks Research upped their Q1 2025 earnings estimates for shares of Consolidated Edison in a research report issued to clients and investors on Thursday, March 13th. Zacks Research analyst R. Department now expects that the utilities provider will earn $2.21 per share for the quarter, up from their prior forecast of $2.18. 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 Q2 2025 earnings at $0.53 EPS, Q4 2025 earnings at $1.04 EPS, Q1 2026 earnings at $1.98 EPS, Q2 2026 earnings at $0.83 EPS, Q3 2026 earnings at $1.79 EPS and FY2027 earnings at $6.31 EPS.

Other research analysts also recently issued reports about the stock. Morgan Stanley reduced their price objective on shares of Consolidated Edison from $88.00 to $85.00 and set an “underweight” rating on the stock in a research note on Friday, November 22nd. UBS Group raised their price target on shares of Consolidated Edison from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Barclays raised their price target on shares of Consolidated Edison from $92.00 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, February 24th. Evercore ISI downgraded shares of Consolidated Edison from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Mizuho raised 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. Two 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 given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $101.50.

Consolidated Edison Trading Up 1.9 %

NYSE ED opened at $106.60 on Monday. Consolidated Edison has a 12 month low of $87.16 and a 12 month high of $107.97. 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 company has a market capitalization of $36.97 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 3.05 and a beta of 0.30. The company’s fifty day moving average price is $95.96 and its two-hundred day moving average price is $98.17.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.98 EPS for the quarter, beating 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 firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.63 billion.

Institutional Trading of Consolidated Edison

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Consolidated Edison by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 42,455,662 shares of the utilities provider’s stock worth $3,788,319,000 after acquiring an additional 488,752 shares during the period. State Street Corp increased its stake in Consolidated Edison by 1.7% during the 3rd quarter. State Street Corp now owns 23,429,218 shares of the utilities provider’s stock valued at $2,439,684,000 after buying an additional 399,034 shares during the period. Geode Capital Management LLC increased its stake in Consolidated Edison by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 8,984,022 shares of the utilities provider’s stock valued at $799,684,000 after buying an additional 130,234 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Consolidated Edison by 6.0% during 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 valued at $430,129,000 after buying an additional 271,088 shares during the period. Finally, Norges Bank acquired a new position in Consolidated Edison during the 4th quarter valued at about $399,824,000. Institutional investors and hedge funds own 66.29% of the company’s stock.

Consolidated Edison Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Wednesday, February 19th. This is a boost from Consolidated Edison’s previous quarterly dividend of $0.83. Consolidated Edison’s dividend payout ratio (DPR) is 64.89%.

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.