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

Consolidated Edison (NYSE:ED) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 6.000-6.200 for the period, compared to the consensus earnings per share estimate of 6.110. The company issued revenue guidance of -.

Consolidated Edison Trading Up 0.2%

NYSE:ED traded up $0.22 during mid-day trading on Thursday, reaching $108.54. 2,960,167 shares of the company’s stock traded hands, compared to its average volume of 2,166,173. Consolidated Edison has a 12-month low of $94.96 and a 12-month high of $116.23. The firm has a market capitalization of $40.00 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 2.81 and a beta of 0.27. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.19 and a quick ratio of 1.09. The company has a 50 day moving average price of $109.43 and a 200-day moving average price of $109.67.

Consolidated Edison (NYSE:ED) last announced its earnings results on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.During the same quarter in the prior year, the firm earned $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, sell-side analysts predict that Consolidated Edison will post 6.09 earnings per share for the current year.

Consolidated Edison Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ED shares. Morgan Stanley restated an “underweight” rating on shares of Consolidated Edison in a research note on Wednesday, July 22nd. Evercore set a $116.00 price target on Consolidated Edison in a research note on Monday, May 11th. Wells Fargo & Company set a $98.00 price target on Consolidated Edison in a research note on Tuesday, April 21st. KeyCorp lowered their price objective on Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating for the company in a research report on Thursday, July 23rd. Finally, Mizuho set a $114.00 price objective on Consolidated Edison in a research report on Monday, July 27th. 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. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $108.47.

Consolidated Edison News Summary

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

• Positive Sentiment: Second-quarter EPS was $0.83, exceeding analyst expectations of roughly $0.74–$0.76 and rising from $0.67 a year earlier. Net income increased to $308 million from $246 million. Consolidated Edison Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Revenue also beat estimates, while strong power demand helped drive the quarterly outperformance—an encouraging sign for Con Edison’s regulated utility operations. Consolidated Edison beats profit estimates on strong power demand
• Positive Sentiment: The earnings improvement was broad enough to support investor confidence: adjusted EPS also climbed to $0.83 from $0.67 in the prior-year quarter. Con Edison Reports 2026 Second Quarter Earnings
• Neutral Sentiment: Con Edison maintained fiscal 2026 EPS guidance of $6.00–$6.20, broadly centered on the analyst consensus estimate of $6.11. The range does not represent a material upward revision, limiting the potential upside from guidance alone.

Institutional Trading of Consolidated Edison

A number of institutional investors and hedge funds have recently modified their holdings of ED. Lazard Asset Management LLC lifted its holdings in Consolidated Edison by 121,543.9% in the third quarter. Lazard Asset Management LLC now owns 5,960,553 shares of the utilities provider’s stock valued at $599,155,000 after acquiring an additional 5,955,653 shares during the period. AQR Capital Management LLC grew its stake in shares of Consolidated Edison by 104.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,905,678 shares of the utilities provider’s stock valued at $190,530,000 after purchasing an additional 974,419 shares during the period. Qube Research & Technologies Ltd increased its position in shares of Consolidated Edison by 94.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 1,904,876 shares of the utilities provider’s stock valued at $191,478,000 after purchasing an additional 926,716 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Consolidated Edison during the 4th quarter valued at about $89,005,000. Finally, State Street Corp lifted its stake in shares of 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

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.