Scotiabank Research Analysts Lift Earnings Estimates for ED

Consolidated Edison, Inc. (NYSE:ED) – Investment analysts at Scotiabank raised their FY2026 earnings per share estimates for shares of Consolidated Edison in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst A. Weisel now anticipates that the utilities provider will post earnings per share of $5.92 for the year, up from their previous forecast of $5.90. Scotiabank currently has a “Sector Perform” rating and a $101.00 target price on the stock. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.62 per share.

ED has been the subject of a number of other reports. UBS Group boosted their target price on Consolidated Edison from $110.00 to $113.00 and gave the company a “neutral” rating in a research note on Friday. Mizuho increased their target price on Consolidated Edison from $92.00 to $95.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Barclays lifted their price target on shares of Consolidated Edison from $92.00 to $95.00 and gave the company an “underweight” rating in a research note on Monday, February 24th. Evercore ISI lowered shares of Consolidated Edison from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley increased their target price on Consolidated Edison from $85.00 to $91.00 and gave the stock an “underweight” rating in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $102.40.

Consolidated Edison Trading Down 0.9 %

Shares of NYSE ED opened at $106.87 on Monday. Consolidated Edison has a twelve month low of $87.16 and a twelve month high of $109.36. The stock has a market cap of $37.06 billion, a price-to-earnings ratio of 20.40, a P/E/G 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 company’s fifty day moving average is $98.28 and its 200-day moving average is $98.38.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.01. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate 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 company 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. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.83. This represents a $3.40 annualized dividend and a yield of 3.18%. The ex-dividend date was Wednesday, February 19th. Consolidated Edison’s dividend payout ratio is 64.89%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ED. 111 Capital bought a new position in shares of Consolidated Edison in the fourth quarter valued at about $381,000. Tableaux LLC bought a new stake in shares of Consolidated Edison during the fourth quarter worth approximately $417,000. Northstar Financial Companies Inc. acquired a new position in shares of Consolidated Edison in the fourth quarter valued at approximately $596,000. Wood Tarver Financial Group LLC bought a new position in shares of Consolidated Edison during the fourth quarter worth approximately $35,000. Finally, Smith Shellnut Wilson LLC ADV lifted its holdings in Consolidated Edison by 10.2% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 2,437 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 225 shares during the last quarter. Institutional investors 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.