Q3 EPS Forecast for Consolidated Edison Decreased by Analyst

Consolidated Edison Inc (NYSE:ED) – KeyCorp reduced their Q3 2026 EPS estimates for Consolidated Edison in a research note issued on Monday, October 12th. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings per share of $2.05 for the quarter, down from their prior estimate of $2.24. KeyCorp currently has an “Underweight” rating and a $87.00 price target on the stock. The consensus estimate for Consolidated Edison’s current full-year earnings is $6.10 per share. KeyCorp also issued estimates for Consolidated Edison’s FY2027 earnings at $6.50 EPS, FY2028 earnings at $6.93 EPS, FY2029 earnings at $7.39 EPS and FY2030 earnings at $7.87 EPS.

Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.07. The company had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.60 billion. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. During the same quarter in the previous year, the business posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS.

A number of other brokerages have also recently commented on ED. Jefferies Financial Group reissued a “hold” rating and issued a $105.00 price objective on shares of Consolidated Edison in a research note on Tuesday, October 6th. Argus set a $112.00 target price on shares of Consolidated Edison in a research report on Tuesday, June 23rd. Barclays decreased their target price on shares of Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating on the stock in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Consolidated Edison in a report on Tuesday, July 21st. Finally, Wells Fargo & Company boosted their price objective on Consolidated Edison from $106.00 to $108.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Consolidated Edison currently has a consensus rating of “Reduce” and an average price target of $107.73.

Consolidated Edison Price Performance

ED stock opened at $107.89 on Wednesday. Consolidated Edison has a 52 week low of $94.96 and a 52 week high of $116.23. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 1.04. The company has a fifty day simple moving average of $106.35 and a two-hundred day simple moving average of $108.48. The firm has a market capitalization of $39.90 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 3.71 and a beta of 0.26.

Institutional Trading of Consolidated Edison

A number of institutional investors have recently bought and sold shares of ED. BlackRock Inc. purchased a new position in shares of Consolidated Edison in the second quarter worth about $4,609,491,000. Lazard Asset Management LLC boosted its position in Consolidated Edison by 14.8% in the first quarter. Lazard Asset Management LLC now owns 7,075,838 shares of the utilities provider’s stock valued at $800,843,000 after buying an additional 910,244 shares during the last quarter. Deutsche Bank AG purchased a new stake in Consolidated Edison in the second quarter valued at approximately $749,184,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Consolidated Edison by 7.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,847,672 shares of the utilities provider’s stock valued at $536,298,000 after buying an additional 353,000 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in Consolidated Edison in the 2nd quarter worth approximately $494,352,000. 66.29% of the stock is currently owned by institutional investors.

Consolidated Edison Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Wednesday, August 19th were issued a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a yield of 3.3%. The ex-dividend date was Wednesday, August 19th. Consolidated Edison’s dividend payout ratio is presently 58.29%.

Consolidated Edison Company Profile

Consolidated Edison, Inc is an energy delivery company headquartered in New York. Through its principal subsidiary, Consolidated Edison Company of New York, Inc, the company provides electric, natural gas and steam service to customers in New York City and Westchester County.

Consolidated Edison also owns Orange and Rockland Utilities, Inc, which delivers electricity and natural gas in parts of southeastern New York, northern New Jersey and northeastern Pennsylvania. Its utility operations include the generation, transmission, distribution and delivery of energy, as well as the operation and maintenance of related infrastructure.

With roots tracing to the New York Gas Light Company, established in 1823, Consolidated Edison has developed into one of the United States’ largest investor-owned energy-delivery companies.