Consolidated Edison (NYSE:ED) Releases FY 2026 Earnings Guidance

by · The Markets Daily

Consolidated Edison (NYSE:ED – Get Free Report) updated its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 6.000-6.200 for the period, compared to the consensus EPS estimate of 6.110. The company issued revenue guidance of -.

Analysts Set New Price Targets

ED has been the subject of several research analyst reports. Wells Fargo & Company set a $98.00 target price on Consolidated Edison in a research report on Tuesday, April 21st. Mizuho set a $114.00 price target on shares of Consolidated Edison in a research report on Monday, July 27th. Morgan Stanley restated an “underweight” rating on shares of Consolidated Edison in a report on Wednesday, July 22nd. Argus set a $112.00 price objective on shares of Consolidated Edison in a research report on Tuesday, June 23rd. Finally, Barclays lowered their price objective on shares of Consolidated Edison from $110.00 to $107.00 and set an “underweight” rating on the stock in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $108.47.

View Our Latest Stock Report on Consolidated Edison

Consolidated Edison Trading Up 0.2%

ED traded up $0.22 during trading on Thursday, hitting $108.54. 2,829,697 shares of the stock traded hands, compared to its average volume of 2,256,772. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.19 and a quick ratio of 1.09. The firm has a market capitalization of $40.00 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 2.81 and a beta of 0.27. The firm has a 50-day moving average of $109.38 and a 200 day moving average of $109.64. Consolidated Edison has a 12-month low of $94.96 and a 12-month high of $116.23.

Consolidated Edison Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.3%. Consolidated Edison’s payout ratio is presently 59.76%.

Institutional Trading of Consolidated Edison

Several institutional investors and hedge funds have recently bought and sold shares of the stock. JPL Wealth Management LLC purchased a new position in shares of Consolidated Edison during the 3rd quarter worth approximately $26,000. Turning Point Benefit Group Inc. purchased a new position in shares of Consolidated Edison in the 3rd quarter valued at approximately $32,000. Acumen Wealth Advisors LLC bought a new stake in shares of Consolidated Edison during the fourth quarter valued at approximately $33,000. Palisade Asset Management LLC purchased a new stake in Consolidated Edison in the third quarter worth $37,000. Finally, GW&K Investment Management LLC raised its holdings in Consolidated Edison by 28.5% in the fourth quarter. GW&K Investment Management LLC now owns 419 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 93 shares in the last quarter. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Edison Company Profile

(Get Free Report)

Consolidated Edison, Inc, commonly known as Con Edison, is an investor-owned energy company that primarily delivers electricity, natural gas and steam to customers in the New York metropolitan area. Its regulated utility operations include the distribution and transmission of electric power, the distribution of natural gas, and the operation of one of the largest district steam systems in the United States, serving commercial, institutional and residential customers in New York City and nearby counties.

The company operates through regulated utility subsidiaries that serve urban and suburban service territories, together with non-utility businesses that develop, own and manage energy infrastructure and clean energy projects.

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