Consolidated Edison (NYSE:ED) Releases FY 2025 Earnings Guidance

Consolidated Edison (NYSE:ED) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 5.600-5.700 for the period, compared to the consensus estimate of 5.630. The company issued revenue guidance of -.

Consolidated Edison Trading Up 0.8%

Consolidated Edison stock traded up $0.78 during trading hours on Thursday, hitting $96.89. The company had a trading volume of 3,064,447 shares, compared to its average volume of 2,565,745. The firm has a market cap of $34.94 billion, a P/E ratio of 17.58, a P/E/G ratio of 2.70 and a beta of 0.32. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.01 and a current ratio of 1.10. Consolidated Edison has a 1 year low of $87.28 and a 1 year high of $114.87. The company has a 50-day moving average price of $98.76 and a two-hundred day moving average price of $101.79.

Consolidated Edison (NYSE:ED) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.14. Consolidated Edison had a net margin of 11.98% and a return on equity of 8.56%. Consolidated Edison has set its FY 2025 guidance at 5.600-5.700 EPS. On average, sell-side analysts anticipate that Consolidated Edison will post 5.62 earnings per share for the current year.

Consolidated Edison Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Wednesday, November 19th will be given a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, November 19th. Consolidated Edison’s payout ratio is 61.71%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ED. Bank of America cut shares of Consolidated Edison from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $112.00 to $101.00 in a research report on Friday, August 15th. KeyCorp upped their price target on shares of Consolidated Edison from $88.00 to $90.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 15th. Scotiabank upped their price target on shares of Consolidated Edison from $101.00 to $106.00 and gave the stock a “sector perform” rating in a research report on Monday, August 11th. Mizuho upped their price target on shares of Consolidated Edison from $107.00 to $112.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Evercore ISI began coverage on shares of Consolidated Edison in a research report on Tuesday, October 7th. They issued an “in-line” rating and a $106.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $105.08.

Institutional Investors Weigh In On Consolidated Edison

A number of hedge funds and other institutional investors have recently bought and sold shares of ED. Darwin Wealth Management LLC purchased a new stake in Consolidated Edison during the second quarter valued at approximately $52,000. MUFG Securities EMEA plc purchased a new stake in Consolidated Edison during the second quarter valued at approximately $107,000. Headlands Technologies LLC lifted its position in Consolidated Edison by 156.9% during the second quarter. Headlands Technologies LLC now owns 1,973 shares of the utilities provider’s stock valued at $198,000 after acquiring an additional 1,205 shares during the last quarter. Ausdal Financial Partners Inc. purchased a new stake in Consolidated Edison during the second quarter valued at approximately $256,000. Finally, Evergreen Capital Management LLC lifted its position in Consolidated Edison by 13.5% during the second quarter. Evergreen Capital Management LLC now owns 3,058 shares of the utilities provider’s stock valued at $307,000 after acquiring an additional 364 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, 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.