Consolidated Edison (NYSE:ED) Releases Earnings Results, Beats Expectations By $0.01 EPS

Consolidated Edison (NYSE:ED) announced its quarterly earnings data on Thursday. The utilities provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.01, Zacks reports. Consolidated Edison had a net margin of 12.27% and a return on equity of 8.70%. Consolidated Edison updated its FY 2025 guidance to 5.500-5.700 EPS.

Consolidated Edison Price Performance

Shares of NYSE ED traded up $0.51 on Thursday, hitting $95.77. The company’s stock had a trading volume of 2,579,681 shares, compared to its average volume of 2,400,884. Consolidated Edison has a 12-month low of $85.85 and a 12-month high of $107.75. The company has a market capitalization of $33.18 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 3.05 and a beta of 0.39. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.01 and a quick ratio of 0.93. The stock has a 50 day moving average of $91.91 and a 200-day moving average of $98.03.

Consolidated Edison Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Wednesday, February 19th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Wednesday, February 19th. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.83. Consolidated Edison’s dividend payout ratio is 62.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ED shares. Mizuho raised their price objective on shares of Consolidated Edison from $92.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Scotiabank upgraded shares of Consolidated Edison from a “sector underperform” rating to a “sector perform” rating and raised their price objective for the company from $90.00 to $100.00 in a report on Thursday, December 12th. Morgan Stanley reduced their price objective on shares of Consolidated Edison from $88.00 to $85.00 and set an “underweight” rating on the stock in a report on Friday, November 22nd. Evercore ISI lowered shares of Consolidated Edison from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Barclays reduced their price objective on shares of Consolidated Edison from $99.00 to $92.00 and set an “underweight” rating on the stock in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $100.70.

Consolidated Edison Company Profile

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.