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

Consolidated Edison (NYSE:ED) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 6.000-6.200 for the period, compared to the consensus estimate of 5.880. The company issued revenue guidance of -.

Analyst Ratings Changes

ED has been the topic of several analyst reports. JPMorgan Chase & Co. cut their price target on Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating on the stock in a research report on Friday, December 12th. Wells Fargo & Company cut their price objective on Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Barclays decreased their target price on Consolidated Edison from $101.00 to $100.00 and set an “underweight” rating on the stock in a research report on Thursday, January 22nd. TD Cowen began coverage on Consolidated Edison in a research report on Friday, January 9th. They set a “hold” rating and a $105.00 price target for the company. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Consolidated Edison in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $104.20.

Consolidated Edison Trading Up 0.2%

Shares of NYSE ED traded up $0.25 during mid-day trading on Thursday, reaching $111.86. 2,761,472 shares of the company’s stock were exchanged, compared to its average volume of 1,980,051. The company’s 50-day moving average is $103.21 and its 200-day moving average is $100.81. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.97 and a current ratio of 1.08. The firm has a market capitalization of $40.37 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 3.10 and a beta of 0.38. Consolidated Edison has a 52-week low of $94.50 and a 52-week high of $115.25.

Consolidated Edison (NYSE:ED) last announced its earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.05. The company had revenue of $4 billion during the quarter, compared to analyst estimates of $3.71 billion. Consolidated Edison had a net margin of 12.27% and a return on equity of 8.79%. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Analysts expect that Consolidated Edison will post 5.62 EPS for the current fiscal year.

Consolidated Edison Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Wednesday, February 18th will be paid a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, February 18th. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.85. Consolidated Edison’s dividend payout ratio is currently 59.44%.

Insiders Place Their Bets

In other Consolidated Edison news, Director John F. Killian sold 2,276 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $96.89, for a total transaction of $220,521.64. Following the sale, the director directly owned 38,661 shares in the company, valued at $3,745,864.29. This represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Consolidated Edison

A number of hedge funds have recently added to or reduced their stakes in ED. JPL Wealth Management LLC purchased a new stake in Consolidated Edison in the third quarter valued at $26,000. Turning Point Benefit Group Inc. acquired a new stake in shares of Consolidated Edison in the 3rd quarter valued at about $32,000. Acumen Wealth Advisors LLC purchased a new position in Consolidated Edison during the 4th quarter worth approximately $33,000. Palisade Asset Management LLC purchased a new position in Consolidated Edison during the 3rd quarter worth approximately $37,000. Finally, GW&K Investment Management LLC increased its position in Consolidated Edison by 28.5% during the fourth quarter. GW&K Investment Management LLC now owns 419 shares of the utilities provider’s stock worth $42,000 after buying an additional 93 shares during the period. 66.29% of the stock is currently owned by institutional investors and hedge funds.

About Consolidated Edison

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.