Consolidated Edison, Inc. to Post Q1 2026 Earnings of $1.84 Per Share, Zacks Research Forecasts (NYSE:ED)

Consolidated Edison, Inc. (NYSE:ED) – Investment analysts at Zacks Research boosted their Q1 2026 EPS estimates for shares of Consolidated Edison in a research report issued to clients and investors on Thursday, May 23rd. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of $1.84 per share for the quarter, up from their prior forecast of $1.71. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.34 per share. Zacks Research also issued estimates for Consolidated Edison’s FY2026 earnings at $5.88 EPS.

Consolidated Edison (NYSE:ED) last released its earnings results on Thursday, May 2nd. The utilities provider reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.26. The company had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.40 billion. Consolidated Edison had a net margin of 12.43% and a return on equity of 8.79%. Consolidated Edison’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.83 EPS.

Several other analysts also recently commented on ED. Morgan Stanley upped their price objective on shares of Consolidated Edison from $73.00 to $80.00 and gave the company an “underweight” rating in a report on Tuesday. Barclays upped their price objective on shares of Consolidated Edison from $89.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 7th. Scotiabank reduced their price objective on shares of Consolidated Edison from $91.00 to $85.00 and set a “sector underperform” rating for the company in a research report on Monday, April 22nd. Mizuho increased their target price on shares of Consolidated Edison from $93.00 to $95.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Royal Bank of Canada reduced their target price on shares of Consolidated Edison from $94.00 to $93.00 and set a “sector perform” rating for the company in a research report on Friday, February 16th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $89.46.

Consolidated Edison Stock Down 1.3 %

NYSE:ED opened at $93.20 on Monday. The company’s 50 day moving average is $92.78 and its two-hundred day moving average is $91.07. The company has a market cap of $32.23 billion, a PE ratio of 17.89, a P/E/G ratio of 2.39 and a beta of 0.34. The company has a current ratio of 0.99, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. Consolidated Edison has a twelve month low of $80.46 and a twelve month high of $98.85.

Consolidated Edison Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 15th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $3.32 annualized dividend and a yield of 3.56%. Consolidated Edison’s dividend payout ratio (DPR) is 63.72%.

Institutional Trading of Consolidated Edison

Several hedge funds have recently added to or reduced their stakes in ED. Cetera Advisors LLC raised its holdings in Consolidated Edison by 74.5% during the first quarter. Cetera Advisors LLC now owns 17,150 shares of the utilities provider’s stock worth $1,557,000 after purchasing an additional 7,324 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Consolidated Edison by 442.3% during the first quarter. Cetera Investment Advisers now owns 87,922 shares of the utilities provider’s stock worth $7,984,000 after acquiring an additional 71,710 shares during the last quarter. Swedbank AB purchased a new position in Consolidated Edison in the 1st quarter valued at $30,515,000. LRI Investments LLC purchased a new position in Consolidated Edison in the 1st quarter valued at $75,000. Finally, Citizens Financial Group Inc. RI grew its position in Consolidated Edison by 67.4% in the 1st quarter. Citizens Financial Group Inc. RI now owns 7,858 shares of the utilities provider’s stock valued at $714,000 after buying an additional 3,164 shares during the last quarter. Institutional investors and hedge funds own 66.29% of the company’s stock.

Consolidated Edison Company Profile

Consolidated Edison, Inc, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan.