Scotiabank Lifts Earnings Estimates for Consolidated Edison

Consolidated Edison Inc (NYSE:ED) – Equities research analysts at Scotiabank lifted their FY2026 earnings per share estimates for Consolidated Edison in a research note issued on Thursday, February 26th. Scotiabank analyst A. Weisel now forecasts that the utilities provider will post earnings of $6.15 per share for the year, up from their prior forecast of $5.92. Scotiabank currently has a “Sector Perform” rating and a $117.00 price objective on the stock. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.62 per share. Scotiabank also issued estimates for Consolidated Edison’s FY2027 earnings at $6.55 EPS.

Consolidated Edison (NYSE:ED) last posted its earnings results on Thursday, February 19th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.03. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.71 billion. Consolidated Edison had a return on equity of 8.50% and a net margin of 11.95%.The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS.

ED has been the subject of several other reports. UBS Group upped their target price on shares of Consolidated Edison from $108.00 to $112.00 and gave the company a “neutral” rating in a research note on Friday, January 23rd. Mizuho set a $118.00 price objective on shares of Consolidated Edison in a report on Monday, February 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Consolidated Edison in a research note on Monday, December 29th. Barclays lifted their target price on Consolidated Edison from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 24th. Finally, Bank of America reissued an “underperform” rating and issued a $104.00 price target on shares of Consolidated Edison in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Consolidated Edison presently has an average rating of “Reduce” and an average target price of $107.07.

Consolidated Edison Stock Up 1.6%

NYSE ED opened at $112.49 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 1.06. Consolidated Edison has a fifty-two week low of $94.96 and a fifty-two week high of $115.25. The business has a 50 day moving average price of $104.99 and a two-hundred day moving average price of $101.12. The stock has a market cap of $40.64 billion, a PE ratio of 19.91, a P/E/G ratio of 3.01 and a beta of 0.38.

Institutional Investors Weigh In On Consolidated Edison

Several institutional investors and hedge funds have recently made changes to their positions in the company. GW&K Investment Management LLC increased its stake in Consolidated Edison by 28.5% during 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. Golden State Wealth Management LLC raised its stake in Consolidated Edison by 13.6% during the second quarter. Golden State Wealth Management LLC now owns 837 shares of the utilities provider’s stock worth $84,000 after acquiring an additional 100 shares during the period. Certuity LLC lifted its holdings in Consolidated Edison by 2.7% in the second quarter. Certuity LLC now owns 3,743 shares of the utilities provider’s stock worth $376,000 after acquiring an additional 100 shares during the last quarter. Meadowbrook Wealth Management LLC boosted its stake in Consolidated Edison by 2.2% in the fourth quarter. Meadowbrook Wealth Management LLC now owns 4,687 shares of the utilities provider’s stock valued at $466,000 after acquiring an additional 100 shares during the period. Finally, bLong Financial LLC grew its holdings in shares of Consolidated Edison by 1.3% during the fourth quarter. bLong Financial LLC now owns 7,775 shares of the utilities provider’s stock valued at $772,000 after purchasing an additional 100 shares during the last quarter. 66.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Consolidated Edison

In other Consolidated Edison news, Director John F. Killian sold 2,276 shares of the stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $96.89, for a total transaction of $220,521.64. Following the transaction, the director owned 38,661 shares of the company’s stock, valued at $3,745,864.29. This trade represents a 5.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.17% of the stock is owned by insiders.

Consolidated Edison Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Wednesday, February 18th will be issued a $0.8875 dividend. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.85. This represents a $3.55 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, February 18th. Consolidated Edison’s dividend payout ratio is presently 62.83%.

About Consolidated Edison

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.