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

Consolidated Edison (NYSE:ED) updated its FY 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 6.050-6.150 for the period, compared to the consensus estimate of 6.110.

Consolidated Edison Stock Down 2.4%

ED stock opened at $118.56 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $43.85 billion, a PE ratio of 18.97, a PEG ratio of 4.10 and a beta of 0.23. Consolidated Edison has a 1-year low of $94.96 and a 1-year high of $122.75. The business’s 50 day simple moving average is $108.92 and its 200 day simple moving average is $109.35.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings results on Thursday, November 5th. The utilities provider reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.04. Consolidated Edison had a return on equity of 8.68% and a net margin of 12.70%. The business had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.75 billion. During the same quarter in the prior year, the business earned $1.90 EPS. As a group, research analysts anticipate that Consolidated Edison will post 6.10 EPS for the current year.

Consolidated Edison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, November 18th will be issued a $0.8875 dividend. This represents a $3.55 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Wednesday, November 18th. Consolidated Edison’s payout ratio is currently 56.80%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ED shares. Bank of America dropped their price objective on shares of Consolidated Edison from $105.00 to $96.00 in a research report on Friday, October 2nd. HSBC initiated coverage on shares of Consolidated Edison in a research note on Thursday, October 22nd. They set a “hold” rating and a $104.00 target price for the company. Royal Bank Of Canada reduced their target price on shares of Consolidated Edison from $110.00 to $109.00 in a report on Monday, October 26th. Jefferies Financial Group reiterated a “hold” rating and issued a $105.00 price target (down from $121.00) on shares of Consolidated Edison in a research note on Tuesday, October 6th. Finally, Morgan Stanley lowered their price target on shares of Consolidated Edison from $101.00 to $97.00 and set an “underweight” rating on the stock in a report on Friday, September 18th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $109.74.

Key Consolidated Edison News

Here are the key news stories impacting Consolidated Edison this week:

• Positive Sentiment: Con Edison reported adjusted Q3 EPS of $2.07, up from $1.90 a year earlier, and revenue of $4.91 billion, above the cited $4.75 billion consensus. Some estimates vary slightly: one Zacks report characterized EPS as a narrow miss. Con Edison reports 2026 third-quarter earnings
• Positive Sentiment: Wells Fargo raised its price target to $134 from $118 and upgraded ED to “overweight.” Mizuho also lifted its target, to $124 from $108. Wells Fargo price-target update Mizuho price-target update
• Neutral Sentiment: FY 2026 EPS guidance is $6.05–$6.15, bracketing the $6.11 consensus. The range supports expectations near consensus, though its narrower span leaves less room for an upside surprise. Q3 earnings and guidance
• Negative Sentiment: Barclays raised its target only slightly, from $106 to $108, while retaining an “underweight” rating—still implying downside from the cited share price. Barclays rating and target
• Negative Sentiment: The company outlined $38 billion in planned investments, raising potential financing and shareholder-dilution concerns that could offset the appeal of earnings growth. Q3 earnings, guidance, and investment risks

About Consolidated Edison

Consolidated Edison, Inc is an energy holding company whose principal business is delivering electricity, natural gas and steam through regulated utility subsidiaries. Its services include generating, transmitting and distributing energy to residential, commercial and industrial customers.

Its largest subsidiary, Consolidated Edison Company of New York, serves customers in New York City and Westchester County. Orange and Rockland Utilities serves parts of southeastern New York and northern New Jersey.

The company’s roots trace back to New York Gas Light Company, founded in 1823.