Consolidated Edison (NYSE:ED – Get Free Report) issued its quarterly earnings data on Thursday. The utilities provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.07, FiscalAI reports. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.60 billion. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.53%. During the same period last year, the firm posted $0.67 EPS. Consolidated Edison updated its FY 2026 guidance to 6.000-6.200 EPS.
Consolidated Edison Price Performance
Shares of NYSE ED traded down $0.92 during midday trading on Friday, reaching $108.03. The company’s stock had a trading volume of 2,160,879 shares, compared to its average volume of 2,212,994. Consolidated Edison has a one year low of $94.96 and a one year high of $116.23. The company has a market cap of $39.81 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 2.83 and a beta of 0.27. The company has a 50 day moving average price of $109.47 and a 200 day moving average price of $109.66. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00.
Consolidated Edison Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Wednesday, August 19th will be issued a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Wednesday, August 19th. Consolidated Edison’s payout ratio is presently 59.76%.
Key Consolidated Edison News
- Positive Sentiment: Second-quarter adjusted and reported EPS reached $0.83, well above analysts’ estimates of roughly $0.74–$0.76 and up from $0.67 a year earlier. Revenue rose to $4.07 billion, exceeding the $3.60 billion consensus estimate. Consolidated Edison Q2 Earnings Top Estimates, Revenues Rise Y/Y
- Positive Sentiment: Net income increased 25% to $308 million from $246 million, helped by robust power demand and growth in the electric and gas rate bases. The results indicate that regulated rate recovery and higher usage are supporting earnings. Consolidated Edison beats profit estimates on strong power demand
- Positive Sentiment: Management maintained its 2026 EPS outlook of $6.00–$6.20 and reaffirmed its investment plans, providing continued visibility into earnings and capital spending. Con Edison Reports 2026 Second Quarter Earnings
- Neutral Sentiment: Wells Fargo raised its price target from $106 to $108 but retained an Equal Weight rating, signaling limited near-term upside after the earnings release. Wells Fargo price target update
- Negative Sentiment: Despite the quarterly beat, Consolidated Edison did not increase its full-year guidance. Investors may also remain cautious about the utility’s valuation, interest-rate sensitivity, and debt-funded investment requirements, which can limit enthusiasm for the shares.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in ED. JPL Wealth Management LLC bought a new stake in shares of Consolidated Edison during the 3rd quarter worth $26,000. Turning Point Benefit Group Inc. purchased a new stake in shares of Consolidated Edison during the third quarter valued at $32,000. Acumen Wealth Advisors LLC acquired a new position in shares of Consolidated Edison in the 4th quarter valued at $33,000. Palisade Asset Management LLC acquired a new position in shares of Consolidated Edison in the 3rd quarter valued at $37,000. Finally, GW&K Investment Management LLC increased its stake in Consolidated Edison by 28.5% in the 4th 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. Institutional investors and hedge funds own 66.29% of the company’s stock.
Wall Street Analysts Forecast Growth
ED has been the topic of several analyst reports. Barclays lowered their target price on Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating on the stock in a research report on Friday. Mizuho set a $114.00 price objective on shares of Consolidated Edison in a report on Monday, July 27th. Argus set a $112.00 price target on shares of Consolidated Edison in a research report on Tuesday, June 23rd. Wells Fargo & Company upped their price target on shares of Consolidated Edison from $106.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, KeyCorp lowered their price objective on shares of Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating on the stock in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $109.07.
Check Out Our Latest Analysis on ED
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.
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