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

Consolidated Edison (NYSE:ED) updated its FY 2026 earnings guidance on Friday. 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 Price Performance

Shares of ED opened at $118.56 on Friday. The business’s 50-day moving average is $108.92 and its 200-day moving average is $109.35. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17. Consolidated Edison has a fifty-two week low of $94.96 and a fifty-two week high of $122.75. The company has a market capitalization of $43.85 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 4.10 and a beta of 0.23.

Consolidated Edison (NYSE:ED) last announced its earnings results on Thursday, November 5th. The utilities provider reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.04. The business had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.75 billion. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%. During the same quarter last year, the firm earned $1.90 EPS. Equities research analysts expect that Consolidated Edison will post 6.10 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on ED. Barclays raised their target price on Consolidated Edison from $106.00 to $108.00 and gave the company an “underweight” rating in a report on Friday. HSBC began coverage on shares of Consolidated Edison in a research note on Thursday, October 22nd. They set a “hold” rating and a $104.00 price target on the stock. KeyCorp cut their target price on shares of Consolidated Edison from $94.00 to $87.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 13th. Mizuho set a $108.00 price target on shares of Consolidated Edison in a research report on Wednesday, October 7th. Finally, JPMorgan Chase & Co. lowered their price objective on Consolidated Edison from $115.00 to $112.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 19th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, Consolidated Edison presently has an average rating of “Reduce” and a consensus price target of $109.74.

More 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.