Zacks Research Issues Optimistic Outlook for ED Earnings

Consolidated Edison Inc (NYSE:ED) – Zacks Research boosted their Q2 2027 EPS estimates for shares of Consolidated Edison in a research report issued on Tuesday, December 16th. Zacks Research analyst Team now forecasts that the utilities provider will post earnings per share of $0.84 for the quarter, up from their previous estimate of $0.83. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.62 per share. Zacks Research also issued estimates for Consolidated Edison’s Q3 2027 earnings at $1.78 EPS.

Other equities research analysts have also issued reports about the company. Evercore ISI started coverage on Consolidated Edison in a research note on Tuesday, October 7th. They set an “in-line” rating and a $106.00 price target for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Consolidated Edison in a research report on Monday. JPMorgan Chase & Co. lowered their target price on shares of Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating for the company in a research note on Friday, December 12th. Wells Fargo & Company raised shares of Consolidated Edison to a “hold” rating in a research note on Tuesday, October 28th. Finally, Morgan Stanley set a $92.00 price objective on shares of Consolidated Edison in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $102.54.

Consolidated Edison Stock Up 1.3%

Shares of NYSE:ED opened at $100.14 on Thursday. The firm has a market capitalization of $36.14 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.86 and a beta of 0.37. The business has a 50 day simple moving average of $99.26 and a two-hundred day simple moving average of $100.04. Consolidated Edison has a 1 year low of $87.28 and a 1 year high of $114.87. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.08 and a quick ratio of 0.97.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings results on Thursday, November 6th. The utilities provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.76 by $0.14. Consolidated Edison had a net margin of 12.27% and a return on equity of 8.79%. During the same quarter in the prior year, the business posted $1.68 EPS. Consolidated Edison has set its FY 2025 guidance at 5.600-5.700 EPS.

Consolidated Edison Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Wednesday, November 19th were paid a dividend of $0.85 per share. The ex-dividend date was Wednesday, November 19th. This represents a $3.40 annualized dividend and a dividend yield of 3.4%. Consolidated Edison’s dividend payout ratio (DPR) is currently 59.44%.

Insider Buying and Selling at Consolidated Edison

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

Hedge Funds Weigh In On Consolidated Edison

Several institutional investors have recently bought and sold shares of the business. JPL Wealth Management LLC bought a new stake in Consolidated Edison during the 3rd quarter valued at $26,000. Salomon & Ludwin LLC lifted its stake in shares of Consolidated Edison by 270.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 300 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 219 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in Consolidated Edison by 53.2% during the second quarter. Capital Advisors Ltd. LLC now owns 314 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 109 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new stake in shares of Consolidated Edison during the third quarter valued at about $32,000. Finally, Bogart Wealth LLC boosted its holdings in shares of Consolidated Edison by 886.5% in the 2nd quarter. Bogart Wealth LLC now owns 365 shares of the utilities provider’s stock valued at $37,000 after buying an additional 328 shares in the last quarter. 66.29% of the stock is owned by hedge funds and other institutional investors.

About Consolidated Edison

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.