Consolidated Edison (NYSE:ED) Announces Quarterly Earnings Results

by · The Cerbat Gem

Consolidated Edison (NYSE:ED – Get Free Report) released its quarterly earnings results on Thursday. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05, FiscalAI reports. Consolidated Edison had a return on equity of 8.79% and a net margin of 12.27%.The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.71 billion. Consolidated Edison updated its FY 2026 guidance to 6.000-6.200 EPS.

Consolidated Edison Stock Up 0.2%

NYSE ED traded up $0.25 on Thursday, hitting $111.86. 2,763,540 shares of the stock traded hands, compared to its average volume of 1,980,051. The company has a current ratio of 1.08, a quick ratio of 0.97 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $40.37 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 3.10 and a beta of 0.38. Consolidated Edison has a twelve month low of $94.50 and a twelve month high of $115.25. The stock has a 50-day moving average of $103.21 and a 200 day moving average of $100.81.

Consolidated Edison Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Wednesday, February 18th will be issued a $0.8875 dividend. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. This represents a $3.55 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, February 18th. Consolidated Edison’s dividend payout ratio is presently 59.44%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays lowered their target price on shares of Consolidated Edison from $101.00 to $100.00 and set an “underweight” rating on the stock in a report on Thursday, January 22nd. KeyCorp reduced their price objective on Consolidated Edison from $90.00 to $86.00 and set an “underweight” rating for the company in a report on Friday, December 12th. Morgan Stanley reissued an “underweight” rating and issued a $96.00 price objective on shares of Consolidated Edison in a research note on Wednesday, January 21st. TD Cowen assumed coverage on Consolidated Edison in a research report on Friday, January 9th. They set a “hold” rating and a $105.00 price target for the company. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Consolidated Edison in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, Consolidated Edison has a consensus rating of “Reduce” and an average price target of $104.20.

View Our Latest Analysis on ED

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 dated Thursday, December 11th. The shares were sold at an average price of $96.89, for a total transaction of $220,521.64. Following the completion of the sale, the director owned 38,661 shares of the company’s stock, valued at $3,745,864.29. This represents a 5.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Consolidated Edison

A number of hedge funds have recently made changes to their positions in ED. Lazard Asset Management LLC grew its holdings in Consolidated Edison by 121,543.9% during the third quarter. Lazard Asset Management LLC now owns 5,960,553 shares of the utilities provider’s stock worth $599,155,000 after acquiring an additional 5,955,653 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Consolidated Edison by 104.6% in the third quarter. AQR Capital Management LLC now owns 1,905,678 shares of the utilities provider’s stock worth $190,530,000 after buying an additional 974,419 shares during the period. Qube Research & Technologies Ltd increased its position in shares of Consolidated Edison by 94.7% in the third quarter. Qube Research & Technologies Ltd now owns 1,904,876 shares of the utilities provider’s stock worth $191,478,000 after acquiring an additional 926,716 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Consolidated Edison in the 4th quarter valued at approximately $89,005,000. Finally, State Street Corp boosted its stake in Consolidated Edison by 3.6% in the 4th quarter. State Street Corp now owns 24,905,440 shares of the utilities provider’s stock worth $2,473,608,000 after purchasing an additional 854,868 shares during the period. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Company Profile

(Get Free Report)

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.

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