Consolidated Edison (NYSE:ED) Releases Earnings Results, Beats Expectations By $0.05 EPS

Consolidated Edison (NYSE:ED) issued its earnings results on Thursday. The utilities provider reported $0.89 EPS for the quarter, topping the consensus estimate of $0.84 by $0.05, FiscalAI reports. The business had revenue of $4 billion during the quarter, compared to analysts’ expectations 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 Stock Up 0.2%

Shares of NYSE:ED traded up $0.25 on Thursday, reaching $111.86. The company had a trading volume of 2,763,540 shares, compared to its average volume of 1,980,051. The stock has a market capitalization of $40.37 billion, a P/E ratio of 19.56, a P/E/G ratio of 3.10 and a beta of 0.38. The stock has a 50-day moving average price of $103.21 and a 200 day moving average price of $100.81. Consolidated Edison has a twelve month low of $94.50 and a twelve month 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 18th will be given a $0.8875 dividend. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, February 18th. Consolidated Edison’s payout ratio is presently 59.44%.

Wall Street Analyst Weigh In

ED has been the subject of a number of research reports. Morgan Stanley restated an “underweight” rating and set a $96.00 price objective on shares of Consolidated Edison in a research report on Wednesday, January 21st. Wells Fargo & Company decreased their price target on shares of Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. TD Cowen started coverage on shares of Consolidated Edison in a research report on Friday, January 9th. They set a “hold” rating and a $105.00 price objective on the stock. KeyCorp cut their target price on shares of Consolidated Edison from $90.00 to $86.00 and set an “underweight” rating for the company in a research report on Friday, December 12th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $118.00 target price on shares of Consolidated Edison in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Consolidated Edison presently has a consensus rating of “Reduce” and an average price target of $104.20.

Insider Buying and Selling at Consolidated Edison

In related news, Director John F. Killian sold 2,276 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 38,661 shares in the company, valued at approximately $3,745,864.29. The trade was a 5.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.19% of the company’s stock.

Hedge Funds Weigh In On Consolidated Edison

A number of institutional investors have recently modified their holdings of the company. JPL Wealth Management LLC bought a new position in shares of Consolidated Edison during the 3rd quarter worth about $26,000. Turning Point Benefit Group Inc. bought a new position in Consolidated Edison during the third quarter valued at about $32,000. Acumen Wealth Advisors LLC acquired a new position in Consolidated Edison in the 4th quarter valued at approximately $33,000. Palisade Asset Management LLC acquired a new position in Consolidated Edison in the 3rd quarter valued at approximately $37,000. Finally, GW&K Investment Management LLC lifted its position in shares of 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 acquiring an additional 93 shares during the period. 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.