Zacks Research Issues Positive Forecast for ED Earnings

Consolidated Edison, Inc. (NYSE:ED) – Zacks Research boosted their Q1 2025 earnings per share (EPS) estimates for Consolidated Edison in a research note issued on Wednesday, December 11th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings of $2.09 per share for the quarter, up from their prior 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.

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

Several other research firms have also recently issued reports on ED. Citigroup raised Consolidated Edison from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $103.00 to $116.00 in a research report on Tuesday, October 15th. Evercore ISI raised Consolidated Edison from a “hold” rating to a “strong-buy” rating in a report on Friday, November 8th. UBS Group raised their price objective on shares of Consolidated Edison from $105.00 to $106.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Morgan Stanley lowered their target price 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. Finally, Jefferies Financial Group initiated coverage on shares of Consolidated Edison in a research report on Wednesday, October 9th. They issued a “hold” rating and a $108.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Consolidated Edison currently has a consensus rating of “Hold” and a consensus price target of $99.96.

Consolidated Edison Stock Performance

Shares of ED stock opened at $92.69 on Friday. Consolidated Edison has a 12 month low of $85.85 and a 12 month high of $107.75. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 1.07. The company has a market cap of $32.11 billion, a P/E ratio of 17.44, a PEG ratio of 3.11 and a beta of 0.36. The firm has a fifty day moving average price of $100.22 and a 200 day moving average price of $98.15.

Consolidated Edison Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Wednesday, November 13th will be issued 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 dividend yield of 3.58%. Consolidated Edison’s payout ratio is 62.52%.

Institutional Trading of Consolidated Edison

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. increased its holdings 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 increased its stake in Consolidated Edison by 227.9% in the 2nd quarter. Clean Energy Transition LLP now owns 897,553 shares of the utilities provider’s stock valued at $80,259,000 after buying an additional 623,787 shares during the period. FMR LLC raised its position in 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 buying an additional 572,530 shares during the last quarter. International Assets Investment Management LLC lifted its stake 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 lifted its stake in shares of Consolidated Edison by 302.3% in the 2nd quarter. Acadian Asset Management LLC now owns 709,172 shares of the utilities provider’s stock worth $63,396,000 after acquiring an additional 532,893 shares during the period. 66.29% of the stock is owned by hedge funds and other institutional investors.

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.