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

Consolidated Edison (NYSE:ED) updated its FY 2026 earnings guidance on Friday morning. The company provided EPS guidance of 6.050-6.150 for the period, compared to the consensus earnings per share estimate of 6.110.

Consolidated Edison Trading Down 1.2%

Shares of ED traded down $1.43 during mid-day trading on Friday, reaching $120.01. The company’s stock had a trading volume of 614,813 shares, compared to its average volume of 2,242,545. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 1.04. The stock has a market cap of $44.38 billion, a PE ratio of 19.72, a P/E/G ratio of 4.16 and a beta of 0.23. The company’s fifty day moving average price is $108.69 and its two-hundred day moving average price is $109.28. Consolidated Edison has a 52 week low of $94.96 and a 52 week high of $122.75.

Consolidated Edison (NYSE:ED) last released its earnings results on Thursday, November 5th. The utilities provider reported $2.07 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.04. The firm had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.75 billion. Consolidated Edison had a return on equity of 8.44% and a net margin of 12.53%. During the same period in the prior year, the firm posted $1.90 earnings per share. On average, analysts predict that Consolidated Edison will post 6.10 earnings per share for the current fiscal year.

Consolidated Edison Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.8875 per share. This represents a $3.55 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, November 18th. Consolidated Edison’s payout ratio is presently 58.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. LADENBURG THALM/SH SH increased their price objective on shares of Consolidated Edison from $101.00 to $113.50 and gave the company a “neutral” rating in a research note on Monday, July 13th. Barclays increased their price objective on shares of Consolidated Edison from $106.00 to $108.00 and gave the company an “underweight” rating in a report on Friday. JPMorgan Chase & Co. cut their price target on Consolidated Edison from $115.00 to $112.00 and set an “underweight” rating for the company in a report on Wednesday, August 19th. Scotiabank lowered their price objective on Consolidated Edison from $117.00 to $110.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 30th. Finally, Royal Bank Of Canada decreased their target price on shares of Consolidated Edison from $110.00 to $109.00 in a research report on Monday, October 26th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $109.74.

Key Headlines Impacting Consolidated Edison

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

• Positive Sentiment: Con Edison reported third-quarter adjusted earnings of $2.07 per share, up from $1.90 a year earlier, and revenue of $4.91 billion, above the $4.75 billion consensus cited in reports. However, estimates differ: Zacks reported a slight EPS miss against its $2.07 consensus. Con Edison reports third-quarter earnings
• Positive Sentiment: Wells Fargo raised its price target to $134 from $118 and assigned an “overweight” rating. Mizuho also lifted its target, to $124 from $108. Wells Fargo rating Mizuho price target update
• Neutral Sentiment: The company guided to 2026 EPS of $6.05–$6.15, narrowing its outlook; the midpoint of $6.10 is close to the $6.11 analyst consensus. It also outlined about $38 billion in planned investments, supporting infrastructure plans but requiring substantial funding. Con Edison earnings and guidance
• Negative Sentiment: Barclays raised its target only modestly, from $106 to $108, and kept an “underweight” rating, signaling it sees downside from the prevailing share price. Barclays rating
• Negative Sentiment: Coverage also flagged potential dilution risk tied to the company’s large investment program, which could weigh on investor sentiment if funding needs lead to additional share issuance. Quarterly earnings and dilution risk

Consolidated Edison Company Profile

Consolidated Edison, Inc is a diversified energy company headquartered in New York City. Through its regulated utility subsidiaries, the company delivers electricity, natural gas and steam to residential, commercial and industrial customers.

Its principal subsidiary, Consolidated Edison Company of New York, provides electric service throughout New York City and Westchester County, along with gas service in Manhattan, the Bronx, parts of Queens and Westchester County, and steam service in parts of Manhattan.