Zacks Research Comments on Consolidated Edison, Inc.’s Q1 2025 Earnings (NYSE:ED)

Consolidated Edison, Inc. (NYSE:ED) – Equities research analysts at Zacks Research boosted their Q1 2025 earnings per share estimates for shares of Consolidated Edison in a report issued on Tuesday, April 9th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings of $1.81 per share for the quarter, up from their prior estimate of $1.80. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.30 per share.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings results on Thursday, February 15th. The utilities provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.02. Consolidated Edison had a return on equity of 8.41% and a net margin of 17.19%. The firm had revenue of $3.44 billion during the quarter, compared to analyst estimates of $3.70 billion. During the same period last year, the company earned $0.81 EPS. Consolidated Edison’s quarterly revenue was down 14.6% compared to the same quarter last year.

A number of other equities research analysts have also issued reports on the company. UBS Group decreased their price target on Consolidated Edison from $99.00 to $94.00 and set a “neutral” rating for the company in a research note on Friday, February 16th. LADENBURG THALM/SH SH began coverage on Consolidated Edison in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $92.50 price target for the company. Royal Bank of Canada decreased their price target on Consolidated Edison from $94.00 to $93.00 and set a “sector perform” rating for the company in a research note on Friday, February 16th. Barclays raised their price target on Consolidated Edison from $86.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 14th. Finally, KeyCorp raised Consolidated Edison from an “underweight” rating to a “sector weight” rating in a research report on Thursday, January 4th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $87.96.

Consolidated Edison Price Performance

Shares of ED stock opened at $88.55 on Thursday. Consolidated Edison has a 52-week low of $80.46 and a 52-week high of $100.92. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.94 and a current ratio of 1.01. The firm has a market capitalization of $30.59 billion, a P/E ratio of 12.33, a P/E/G ratio of 8.54 and a beta of 0.35. The stock has a 50 day moving average price of $88.96 and a 200 day moving average price of $89.47.

Consolidated Edison Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Wednesday, February 14th were given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 3.75%. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Tuesday, February 13th. Consolidated Edison’s payout ratio is presently 46.24%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ED. Moneta Group Investment Advisors LLC raised its position in shares of Consolidated Edison by 89,231.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,145,861 shares of the utilities provider’s stock worth $395,142,000 after acquiring an additional 4,141,220 shares in the last quarter. Norges Bank purchased a new position in Consolidated Edison during the 4th quarter worth $318,245,000. Morgan Stanley grew its stake in Consolidated Edison by 33.3% during the 4th quarter. Morgan Stanley now owns 4,128,579 shares of the utilities provider’s stock worth $393,495,000 after buying an additional 1,030,730 shares during the last quarter. Newport Trust Company LLC purchased a new position in Consolidated Edison during the 3rd quarter worth $51,134,000. Finally, International Assets Investment Management LLC grew its stake in Consolidated Edison by 9,063.6% during the 4th quarter. International Assets Investment Management LLC now owns 519,028 shares of the utilities provider’s stock worth $47,216,000 after buying an additional 513,364 shares during the last quarter. 66.29% of the stock is owned by institutional investors.

About Consolidated Edison

Consolidated Edison, Inc, through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan.