Zacks Research Issues Optimistic Forecast for ED Earnings

Consolidated Edison, Inc. (NYSE:ED) – Stock analysts at Zacks Research boosted their Q1 2025 EPS estimates for shares of Consolidated Edison in a research report issued on Thursday, March 13th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings of $2.21 per share for the quarter, up from their previous estimate 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.

Several other brokerages have also issued reports on ED. Barclays boosted their price target on shares of Consolidated Edison from $92.00 to $95.00 and gave the company an “underweight” rating in a report on Monday, February 24th. UBS Group boosted their price target on shares of Consolidated Edison from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Morgan Stanley decreased their price target on shares of Consolidated Edison from $88.00 to $85.00 and set an “underweight” rating for the company in a report on Friday, November 22nd. Scotiabank boosted their price target 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, Evercore ISI lowered shares of Consolidated Edison from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $101.50.

Consolidated Edison Price Performance

Shares of ED stock opened at $107.74 on Monday. Consolidated Edison has a 12-month low of $87.16 and a 12-month high of $108.43. The firm has a market capitalization of $37.36 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 3.05 and a beta of 0.30. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 1.07. The firm has a fifty day moving average of $96.35 and a 200-day moving average of $98.21.

Consolidated Edison (NYSE:ED) last issued its 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. The company had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $3.63 billion. Consolidated Edison had a net margin of 11.93% and a return on equity of 8.62%.

Consolidated Edison Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th were given a dividend of $0.85 per share. The ex-dividend date was Wednesday, February 19th. This is a boost from Consolidated Edison’s previous quarterly dividend of $0.83. This represents a $3.40 annualized dividend and a yield of 3.16%. Consolidated Edison’s payout ratio is 64.89%.

Institutional Investors Weigh In On Consolidated Edison

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC lifted its position in Consolidated Edison by 4.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,334 shares of the utilities provider’s stock worth $243,000 after buying an additional 104 shares in the last quarter. Jacobi Capital Management LLC lifted its position in Consolidated Edison by 4.2% during the 4th quarter. Jacobi Capital Management LLC now owns 2,569 shares of the utilities provider’s stock worth $229,000 after buying an additional 104 shares in the last quarter. Glen Eagle Advisors LLC lifted its position in Consolidated Edison by 6.2% during the 4th quarter. Glen Eagle Advisors LLC now owns 1,902 shares of the utilities provider’s stock worth $170,000 after buying an additional 111 shares in the last quarter. Richwood Investment Advisors LLC lifted its position in Consolidated Edison by 2.3% during the 4th quarter. Richwood Investment Advisors LLC now owns 5,194 shares of the utilities provider’s stock worth $463,000 after buying an additional 115 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in Consolidated Edison by 1.1% during the 3rd quarter. D.A. Davidson & CO. now owns 11,142 shares of the utilities provider’s stock worth $1,160,000 after buying an additional 124 shares in the last quarter. 66.29% of the stock is owned by institutional investors.

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.