Scotiabank Has Bullish Forecast for ED FY2026 Earnings

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

Consolidated Edison (NYSE:ED) last posted its earnings results on Thursday, February 20th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.01. Consolidated Edison had a return on equity of 8.62% and a net margin of 11.93%. The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.63 billion.

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

Consolidated Edison Price Performance

ED opened at $107.85 on Monday. The business’s 50-day moving average is $97.91 and its two-hundred day moving average is $98.36. Consolidated Edison has a 1 year low of $87.16 and a 1 year high of $109.36. 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 firm has a market capitalization of $37.40 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 3.05 and a beta of 0.30.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. AlphaMark Advisors LLC acquired a new position in Consolidated Edison in the fourth quarter valued at approximately $27,000. OFI Invest Asset Management acquired a new position in Consolidated Edison in the fourth quarter valued at approximately $35,000. Wood Tarver Financial Group LLC acquired a new position in Consolidated Edison in the fourth quarter valued at approximately $35,000. Fairway Wealth LLC acquired a new position in shares of Consolidated Edison during the 4th quarter worth approximately $36,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of Consolidated Edison during the 4th quarter worth approximately $39,000. 66.29% of the stock is owned by institutional investors and hedge funds.

Consolidated Edison Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th were issued a $0.85 dividend. The ex-dividend date was Wednesday, February 19th. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.83. This represents a $3.40 dividend on an annualized basis and a yield of 3.15%. Consolidated Edison’s payout ratio is presently 64.89%.

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.