Consolidated Edison (NYSE:ED) Issues Quarterly Earnings Results

Consolidated Edison (NYSE:ED) released its quarterly earnings data on Thursday. The utilities provider reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05, FiscalAI reports. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.71 billion. Consolidated Edison had a return on equity of 8.79% and a net margin of 12.27%. Consolidated Edison updated its FY 2026 guidance to 6.000-6.200 EPS.

Consolidated Edison Price Performance

Shares of Consolidated Edison stock traded up $0.25 during mid-day trading on Thursday, reaching $111.86. 2,763,732 shares of the stock traded hands, compared to its average volume of 1,980,282. The stock has a market capitalization of $40.37 billion, a PE ratio of 19.56, a PEG ratio of 3.10 and a beta of 0.38. The business has a 50-day moving average of $103.21 and a 200 day moving average of $100.81. Consolidated Edison has a fifty-two week low of $94.50 and a fifty-two week high of $115.25. The company has a quick ratio of 0.97, a current ratio of 1.08 and a debt-to-equity ratio of 1.03.

Consolidated Edison Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 18th will be paid a dividend of $0.8875 per share. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. The ex-dividend date is Wednesday, February 18th. This represents a $3.55 annualized dividend and a yield of 3.2%. Consolidated Edison’s dividend payout ratio (DPR) is presently 59.44%.

Analysts Set New Price Targets

ED has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. JPMorgan Chase & Co. dropped their price objective on shares of Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating on the stock in a research note on Friday, December 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Consolidated Edison in a research note on Monday, December 29th. Barclays lowered their price target on shares of Consolidated Edison from $101.00 to $100.00 and set an “underweight” rating on the stock in a report on Thursday, January 22nd. Finally, KeyCorp cut their price objective on shares of Consolidated Edison from $90.00 to $86.00 and set an “underweight” rating for the company in a report on Friday, December 12th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $104.20.

Insider Activity

In related news, Director John F. Killian sold 2,276 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $96.89, for a total value of $220,521.64. Following the completion of the transaction, the director directly owned 38,661 shares of the company’s stock, valued at approximately $3,745,864.29. This represents a 5.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.19% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Consolidated Edison

A number of large investors have recently modified their holdings of ED. Revolve Wealth Partners LLC boosted its position in Consolidated Edison by 13.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider’s stock worth $332,000 after acquiring an additional 441 shares during the last quarter. Empowered Funds LLC raised its holdings in Consolidated Edison by 42.1% in the 1st quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider’s stock valued at $993,000 after acquiring an additional 2,659 shares during the last quarter. Woodline Partners LP lifted its stake in Consolidated Edison by 40.7% in the 1st quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider’s stock worth $3,237,000 after purchasing an additional 8,468 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Consolidated Edison during the 2nd quarter worth approximately $3,256,000. Finally, Baird Financial Group Inc. boosted its holdings in shares of Consolidated Edison by 2.1% during the 2nd quarter. Baird Financial Group Inc. now owns 14,679 shares of the utilities provider’s stock worth $1,473,000 after purchasing an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 66.29% of the company’s stock.

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.