Scotiabank Boosts Earnings Estimates for Consolidated Edison

Consolidated Edison Inc (NYSE:ED) – Research analysts at Scotiabank raised their FY2026 earnings estimates for shares of Consolidated Edison in a note issued to investors on Thursday, February 26th. Scotiabank analyst A. Weisel now anticipates that the utilities provider will earn $6.15 per share for the year, up from their prior estimate of $5.92. Scotiabank currently has a “Sector Perform” rating and a $117.00 target price on the stock. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.62 per share. Scotiabank also issued estimates for Consolidated Edison’s FY2027 earnings at $6.55 EPS.

A number of other equities research analysts have also commented on ED. Barclays raised their price objective on Consolidated Edison from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 24th. Bank of America reissued an “underperform” rating and issued a $104.00 price target on shares of Consolidated Edison in a research report on Wednesday, February 25th. Citigroup restated a “buy” rating on shares of Consolidated Edison in a report on Monday, February 23rd. Mizuho set a $118.00 price objective on shares of Consolidated Edison in a research note on Monday, February 23rd. Finally, Wells Fargo & Company cut their target price on shares of Consolidated Edison from $99.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $107.07.

Consolidated Edison Stock Performance

Consolidated Edison stock opened at $112.49 on Monday. Consolidated Edison has a fifty-two week low of $94.96 and a fifty-two week high of $115.25. The firm’s 50 day simple moving average is $105.53 and its 200-day simple moving average is $101.27. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.02 and a quick ratio of 0.94. The company has a market cap of $40.64 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 3.00 and a beta of 0.38.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings data on Thursday, February 19th. The utilities provider reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.03. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.71 billion. Consolidated Edison had a return on equity of 8.50% and a net margin of 11.95%.The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS.

Institutional Trading of Consolidated Edison

Several hedge funds have recently added to or reduced their stakes in the stock. Basepoint Wealth LLC bought a new position in shares of Consolidated Edison in the fourth quarter worth $26,000. JPL Wealth Management LLC purchased a new stake in Consolidated Edison during the 3rd quarter worth about $26,000. Aventura Private Wealth LLC bought a new position in Consolidated Edison in the 4th quarter worth about $27,000. Westfuller Advisors LLC bought a new position in Consolidated Edison in the 4th quarter worth about $27,000. Finally, Dorato Capital Management purchased a new position in Consolidated Edison during the 4th quarter valued at about $28,000. Institutional investors own 66.29% of the company’s stock.

Insider Activity

In related news, Director John F. Killian sold 2,276 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $3,745,864.29. The trade was a 5.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.17% of the stock is owned by insiders.

Consolidated Edison Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Wednesday, February 18th will be paid a $0.8875 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $3.55 annualized dividend and a dividend yield of 3.2%. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. Consolidated Edison’s dividend payout ratio (DPR) is presently 62.83%.

Consolidated Edison Company Profile

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.