Consolidated Edison (NYSE:ED) Releases Earnings Results, Beats Estimates By $0.07 EPS

Consolidated Edison (NYSE:ED) released its earnings results on Thursday. The utilities provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07, FiscalAI reports. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.53%. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.60 billion. During the same period in the prior year, the firm earned $0.67 EPS. Consolidated Edison updated its FY 2026 guidance to 6.000-6.200 EPS.

Consolidated Edison Stock Performance

Shares of NYSE ED traded down $0.92 during mid-day trading on Friday, hitting $108.03. The company had a trading volume of 2,160,879 shares, compared to its average volume of 2,212,994. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00. Consolidated Edison has a 1 year low of $94.96 and a 1 year high of $116.23. The company has a market capitalization of $39.81 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 2.83 and a beta of 0.27. The stock’s 50-day moving average price is $109.47 and its 200-day moving average price is $109.66.

Consolidated Edison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Wednesday, August 19th will be given a $0.8875 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $3.55 annualized dividend and a dividend yield of 3.3%. Consolidated Edison’s payout ratio is 59.76%.

More Consolidated Edison News

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

• Positive Sentiment: Second-quarter adjusted and reported EPS reached $0.83, well above analysts’ estimates of roughly $0.74–$0.76 and up from $0.67 a year earlier. Revenue rose to $4.07 billion, exceeding the $3.60 billion consensus estimate. Consolidated Edison Q2 Earnings Top Estimates, Revenues Rise Y/Y
• Positive Sentiment: Net income increased 25% to $308 million from $246 million, helped by robust power demand and growth in the electric and gas rate bases. The results indicate that regulated rate recovery and higher usage are supporting earnings. Consolidated Edison beats profit estimates on strong power demand
• Positive Sentiment: Management maintained its 2026 EPS outlook of $6.00–$6.20 and reaffirmed its investment plans, providing continued visibility into earnings and capital spending. Con Edison Reports 2026 Second Quarter Earnings
• Neutral Sentiment: Wells Fargo raised its price target from $106 to $108 but retained an Equal Weight rating, signaling limited near-term upside after the earnings release. Wells Fargo price target update
• Negative Sentiment: Despite the quarterly beat, Consolidated Edison did not increase its full-year guidance. Investors may also remain cautious about the utility’s valuation, interest-rate sensitivity, and debt-funded investment requirements, which can limit enthusiasm for the shares.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ED. GW&K Investment Management LLC increased its position in shares of Consolidated Edison by 28.5% during the fourth quarter. GW&K Investment Management LLC now owns 419 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 93 shares in the last quarter. Venture Visionary Partners LLC raised its stake in Consolidated Edison by 2.0% in the 4th quarter. Venture Visionary Partners LLC now owns 5,606 shares of the utilities provider’s stock valued at $557,000 after purchasing an additional 108 shares during the last quarter. Compound Planning Inc. lifted its holdings in Consolidated Edison by 2.0% in the 4th quarter. Compound Planning Inc. now owns 6,000 shares of the utilities provider’s stock valued at $596,000 after purchasing an additional 120 shares in the last quarter. Financial Engines Advisors L.L.C. boosted its stake in Consolidated Edison by 4.1% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 3,302 shares of the utilities provider’s stock worth $332,000 after purchasing an additional 130 shares during the last quarter. Finally, Jacobi Capital Management LLC boosted its stake in Consolidated Edison by 3.4% during the 4th quarter. Jacobi Capital Management LLC now owns 4,349 shares of the utilities provider’s stock worth $432,000 after purchasing an additional 141 shares during the last quarter. Institutional investors own 66.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company increased their price objective on Consolidated Edison from $106.00 to $108.00 and gave the company an “equal weight” rating in a report on Friday. Morgan Stanley restated an “underweight” rating on shares of Consolidated Edison in a research note on Wednesday, July 22nd. The Goldman Sachs Group reaffirmed a “sell” rating and set a $105.00 price target on shares of Consolidated Edison in a research report on Thursday, May 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Consolidated Edison in a research note on Tuesday, July 21st. Finally, Barclays decreased their price objective on Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $109.07.

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.