Consolidated Edison (NYSE:ED) Issues Earnings Results, Beats Expectations By $0.07 EPS

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

Consolidated Edison Trading Down 0.8%

Shares of Consolidated Edison stock traded down $0.92 during mid-day trading on Friday, hitting $108.03. 2,160,879 shares of the stock were exchanged, compared to its average volume of 2,212,994. Consolidated Edison has a twelve month low of $94.96 and a twelve month high of $116.23. The stock has a market capitalization of $39.81 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 2.83 and a beta of 0.27. The company has a 50-day simple moving average of $109.47 and a 200 day simple moving average of $109.66. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 19th. Consolidated Edison’s dividend payout ratio (DPR) is currently 59.76%.

Key Stories Impacting Consolidated Edison

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.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Morgan Stanley reiterated an “underweight” rating on shares of Consolidated Edison in a research report on Wednesday, July 22nd. Barclays cut their price objective on Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating for the company in a research report on Friday. Evercore set a $116.00 target price on Consolidated Edison in a research note on Monday, May 11th. Argus set a $112.00 target price on Consolidated Edison in a report on Tuesday, June 23rd. Finally, The Goldman Sachs Group reiterated a “sell” rating and set a $105.00 target price on shares of Consolidated Edison in a report on Thursday, May 14th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $109.07.

Hedge Funds Weigh In On Consolidated Edison

Several institutional investors and hedge funds have recently modified their holdings of the company. JPL Wealth Management LLC acquired a new position in Consolidated Edison in the 3rd quarter valued at $26,000. Turning Point Benefit Group Inc. acquired a new stake in shares of Consolidated Edison during the third quarter worth $32,000. Acumen Wealth Advisors LLC purchased a new stake in shares of Consolidated Edison in the fourth quarter valued at $33,000. Palisade Asset Management LLC purchased a new stake in shares of Consolidated Edison in the third quarter valued at $37,000. Finally, GW&K Investment Management LLC increased its stake in 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 purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 66.29% of the company’s stock.

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.