Brokers Set Expectations for ED Q2 Earnings

Consolidated Edison Inc (NYSE:ED) – Research analysts at KeyCorp issued their Q2 2026 earnings per share (EPS) estimates for Consolidated Edison in a report released on Wednesday, July 22nd. KeyCorp analyst S. Karp expects that the utilities provider will post earnings of $0.65 per share for the quarter. KeyCorp has a “Underweight” rating and a $94.00 price objective on the stock. The consensus estimate for Consolidated Edison’s current full-year earnings is $6.09 per share. KeyCorp also issued estimates for Consolidated Edison’s Q3 2026 earnings at $2.24 EPS and FY2030 earnings at $7.77 EPS.

A number of other brokerages have also recently commented on ED. The Goldman Sachs Group reissued a “sell” rating and issued a $105.00 price objective on shares of Consolidated Edison in a research note on Thursday, May 14th. Weiss Ratings restated a “buy (b)” rating on shares of Consolidated Edison in a research report on Tuesday. Morgan Stanley reaffirmed an “underweight” rating on shares of Consolidated Edison in a report on Wednesday. Argus set a $112.00 price target on shares of Consolidated Edison in a research report on Tuesday, June 23rd. Finally, Evercore set a $116.00 price objective on shares of Consolidated Edison in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat, Consolidated Edison presently has a consensus rating of “Reduce” and an average target price of $107.87.

Consolidated Edison Trading Up 0.2%

Shares of ED stock opened at $112.97 on Friday. The stock has a market cap of $41.63 billion, a P/E ratio of 19.02, a P/E/G ratio of 2.93 and a beta of 0.27. The company has a quick ratio of 1.09, a current ratio of 1.19 and a debt-to-equity ratio of 1.00. Consolidated Edison has a fifty-two week low of $94.96 and a fifty-two week high of $116.23. The business has a fifty day simple moving average of $109.04 and a 200-day simple moving average of $109.01.

Consolidated Edison Announces Dividend

The company also recently announced 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. This represents a $3.55 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Wednesday, August 19th. Consolidated Edison’s dividend payout ratio is 59.76%.

Institutional Investors Weigh In On Consolidated Edison

Hedge funds and other institutional investors have recently modified their holdings of the company. Ballast Inc. boosted its position in Consolidated Edison by 23.5% during the second quarter. Ballast Inc. now owns 20,525 shares of the utilities provider’s stock worth $2,271,000 after acquiring an additional 3,909 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in Consolidated Edison in the 2nd quarter valued at $14,762,000. Tema ETFs LLC raised its holdings in Consolidated Edison by 21.5% in the 2nd quarter. Tema ETFs LLC now owns 7,704 shares of the utilities provider’s stock valued at $852,000 after acquiring an additional 1,365 shares during the last quarter. Fiduciary Financial Group LLC lifted its stake in shares of Consolidated Edison by 9.4% during the 2nd quarter. Fiduciary Financial Group LLC now owns 3,476 shares of the utilities provider’s stock worth $385,000 after purchasing an additional 298 shares during the period. Finally, G&S Capital LLC lifted its stake in shares of Consolidated Edison by 3.8% during the 2nd quarter. G&S Capital LLC now owns 9,817 shares of the utilities provider’s stock worth $1,086,000 after purchasing an additional 359 shares during the period. 66.29% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Consolidated Edison

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

• Negative Sentiment: KeyCorp reiterated an Underweight rating and a $94 price target, while trimming/setting earnings estimates across multiple periods, including Q2 2026 EPS of $0.65, Q3 2026 EPS of $2.24, Q4 2026 EPS of $0.62, and long-term forecasts through FY2030 EPS of $7.77. The lower target and cautious stance can weigh on ED shares. Article
• Negative Sentiment: Another report highlighted that KeyCorp lowered expectations for Consolidated Edison, reinforcing a more conservative view on the stock’s earnings trajectory. Article
• Negative Sentiment: Morgan Stanley issued a “Sell” rating on Consolidated Edison, adding to the bearish analyst sentiment around the shares. Article

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.