Q1 EPS Forecast for Consolidated Edison Increased by Analyst

Consolidated Edison, Inc. (NYSE:ED) – Research analysts at Zacks Research boosted their Q1 2025 earnings estimates for shares of Consolidated Edison in a note issued to investors on Wednesday, December 11th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of $2.09 per share for the quarter, up from their previous estimate of $2.07. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.34 per share. Zacks Research also issued estimates for Consolidated Edison’s Q2 2025 earnings at $0.46 EPS, Q4 2025 earnings at $1.27 EPS, Q2 2026 earnings at $0.87 EPS and Q3 2026 earnings at $1.85 EPS.

Several other brokerages have also recently issued reports on ED. UBS Group upped their target price on shares of Consolidated Edison from $105.00 to $106.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Evercore ISI upgraded shares of Consolidated Edison from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Scotiabank raised Consolidated Edison from a “sector underperform” rating to a “sector perform” rating and boosted their target price for the company from $90.00 to $100.00 in a report on Thursday. Barclays cut their price target on Consolidated Edison from $104.00 to $99.00 and set an “underweight” rating on the stock in a research report on Friday, November 8th. Finally, Jefferies Financial Group began coverage on shares of Consolidated Edison in a research note on Wednesday, October 9th. They issued a “hold” rating and a $108.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Consolidated Edison currently has an average rating of “Hold” and a consensus target price of $99.96.

Consolidated Edison Price Performance

ED stock opened at $92.69 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 1.07. Consolidated Edison has a fifty-two week low of $85.85 and a fifty-two week high of $107.75. The business has a 50 day moving average price of $100.02 and a 200 day moving average price of $98.18. The stock has a market cap of $32.11 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 3.11 and a beta of 0.36.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.12. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.02 billion. Consolidated Edison had a return on equity of 8.70% and a net margin of 12.27%.

Consolidated Edison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Wednesday, November 13th will be given a $0.83 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $3.32 dividend on an annualized basis and a yield of 3.58%. Consolidated Edison’s payout ratio is currently 62.52%.

Hedge Funds Weigh In On Consolidated Edison

Several institutional investors and hedge funds have recently added to or reduced their stakes in ED. Point72 Asset Management L.P. lifted its stake in shares of Consolidated Edison by 1,766.0% in the third quarter. Point72 Asset Management L.P. now owns 988,961 shares of the utilities provider’s stock valued at $102,980,000 after purchasing an additional 935,962 shares during the period. Clean Energy Transition LLP lifted its position in shares of Consolidated Edison by 227.9% during the 2nd quarter. Clean Energy Transition LLP now owns 897,553 shares of the utilities provider’s stock valued at $80,259,000 after acquiring an additional 623,787 shares during the period. FMR LLC boosted its stake in shares of Consolidated Edison by 82.3% during the 3rd quarter. FMR LLC now owns 1,268,424 shares of the utilities provider’s stock worth $132,081,000 after acquiring an additional 572,530 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Consolidated Edison by 10,262.1% in the 3rd quarter. International Assets Investment Management LLC now owns 553,546 shares of the utilities provider’s stock worth $57,641,000 after acquiring an additional 548,204 shares during the period. Finally, Acadian Asset Management LLC increased its stake in Consolidated Edison by 302.3% in the 2nd quarter. Acadian Asset Management LLC now owns 709,172 shares of the utilities provider’s stock valued at $63,396,000 after purchasing an additional 532,893 shares in the last quarter. Institutional investors and hedge funds own 66.29% of the company’s stock.

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.