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

Consolidated Edison (NYSE:ED) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 6.000-6.200 for the period, compared to the consensus estimate of 6.100. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ED shares. JPMorgan Chase & Co. increased their price objective on Consolidated Edison from $107.00 to $113.00 and gave the stock an “underweight” rating in a report on Thursday, March 12th. UBS Group raised their target price on Consolidated Edison from $108.00 to $112.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Scotiabank lifted their price objective on Consolidated Edison from $113.00 to $117.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $118.00 price objective on shares of Consolidated Edison in a research note on Friday, January 23rd. Finally, KeyCorp lifted their target price on Consolidated Edison from $96.00 to $97.00 and gave the stock an “underweight” rating in a report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $108.92.

Consolidated Edison Price Performance

NYSE ED opened at $106.38 on Friday. The company has a market capitalization of $39.19 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 2.72 and a beta of 0.29. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 1.02. The business’s fifty day moving average is $111.55 and its 200 day moving average is $105.24. Consolidated Edison has a fifty-two week low of $94.96 and a fifty-two week high of $116.23.

Consolidated Edison (NYSE:ED) last released its earnings results on Thursday, May 7th. The utilities provider reported $2.18 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($0.10). The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Consolidated Edison had a net margin of 11.95% and a return on equity of 8.50%. During the same quarter last year, the firm posted $2.26 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Sell-side analysts predict that Consolidated Edison will post 6.08 earnings per share for the current year.

Consolidated Edison Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Wednesday, May 13th will be given a dividend of $0.8875 per share. The ex-dividend date is Wednesday, May 13th. This represents a $3.55 annualized dividend and a yield of 3.3%. Consolidated Edison’s payout ratio is 62.83%.

Insiders Place Their Bets

In other news, SVP Deneen L. Donnley sold 1,922 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $113.94, for a total value of $218,992.68. Following the transaction, the senior vice president directly owned 32,453 shares in the company, valued at $3,697,694.82. The trade was a 5.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.15% of the company’s stock.

Key Headlines Impacting Consolidated Edison

Here are the key news stories impacting Consolidated Edison this week:

• Positive Sentiment: Reported higher GAAP net income and continued strong demand for electricity, gas and steam, which supports near-term cash flow and regulated earnings power. Consolidated Edison posts higher quarterly profit on robust power demand
• Positive Sentiment: Company press release shows GAAP net income rose to $924M ($2.55/share) year-over-year, indicating underlying business resilience despite adjusted metric differences. CON EDISON REPORTS 2026 FIRST QUARTER EARNINGS
• Neutral Sentiment: FY‑2026 EPS guidance was reiterated as a range of $6.00–$6.20 (consensus ~6.10). That keeps guidance essentially in line with Street expectations but isn’t a raise, so it provides limited positive catalyst. View Press Release / Slide Deck
• Neutral Sentiment: Longer-term grid programs (e.g., air‑conditioning + battery virtual power plant pilots) highlighted by city-level initiatives could expand non‑wires/grid services opportunities for utilities like Con Ed, but these are multi-year and not an immediate earnings driver. Air conditioning battery program for renters could help cities manage grid stress during heat waves
• Negative Sentiment: Adjusted earnings per share missed consensus (reported ~$2.18 vs. ~2.28 expected) and revenue came in below estimates (~$5.09–5.10B vs. ~$5.22B), which is the primary driver of the intraday weakness as investors penalize the miss. Consolidated Edison (ED) Lags Q1 Earnings Estimates
• Negative Sentiment: Con Edison plans a large ~$38B investment program — this supports long‑term rate base growth but raises near‑term funding/credit and execution questions that can weigh on the stock until regulatory recoveries and financing plans are clearer. Con Edison plans $38B investment as LL97 reporting systems expand

Hedge Funds Weigh In On Consolidated Edison

Large investors have recently made changes to their positions in the business. JPL Wealth Management LLC purchased a new position in shares of Consolidated Edison in the third quarter valued at about $26,000. Turning Point Benefit Group Inc. purchased a new position in shares of Consolidated Edison in the third quarter valued at about $32,000. Acumen Wealth Advisors LLC purchased a new position in shares of Consolidated Edison in the fourth quarter valued at about $33,000. Palisade Asset Management LLC purchased a new position in shares of Consolidated Edison in the third quarter valued at about $37,000. Finally, GW&K Investment Management LLC lifted its position in shares of Consolidated Edison by 28.5% in the fourth quarter. GW&K Investment Management LLC now owns 419 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 93 shares in the last quarter. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

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.