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

Consolidated Edison (NYSE:ED) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 6.000-6.200 for the period, compared to the consensus earnings per share estimate of 6.110. The company issued revenue guidance of -.

Consolidated Edison Trading Down 0.5%

Shares of ED traded down $0.58 during mid-day trading on Friday, reaching $108.37. 771,706 shares of the company were exchanged, compared to its average volume of 2,248,456. The business has a 50 day simple moving average of $109.43 and a two-hundred day simple moving average of $109.67. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.09 and a current ratio of 1.19. The stock has a market capitalization of $39.94 billion, a PE ratio of 18.24, a PEG ratio of 2.81 and a beta of 0.27. Consolidated Edison has a 52 week low of $94.96 and a 52 week high of $116.23.

Consolidated Edison (NYSE:ED) last announced its earnings results on Thursday, August 6th. The utilities provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.76 by $0.07. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.60 billion. Consolidated Edison had a return on equity of 8.33% and a net margin of 12.52%.During the same period in the prior year, the business posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, analysts predict that Consolidated Edison will post 6.09 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Wednesday, August 19th will be paid a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 19th. Consolidated Edison’s dividend payout ratio is currently 59.76%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ED. Weiss Ratings reissued a “buy (b)” rating on shares of Consolidated Edison in a research note on Tuesday, July 21st. Barclays dropped their price objective on Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating on the stock in a research note on Friday. KeyCorp cut their target price on Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating on the stock in a research report on Thursday, July 23rd. The Goldman Sachs Group reiterated a “sell” rating and issued a $105.00 target price on shares of Consolidated Edison in a report on Thursday, May 14th. Finally, Mizuho set a $114.00 price target on Consolidated Edison in a research note on Monday, July 27th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat.com, Consolidated Edison presently has a consensus rating of “Reduce” and an average target price of $109.07.

More Consolidated Edison News

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

• Positive Sentiment: Con Edison reported second-quarter adjusted earnings of $0.83 per share, up from $0.67 a year earlier and above analysts’ estimates of roughly $0.74-$0.76. Revenue also exceeded expectations at $4.07 billion versus a $3.60 billion consensus. Consolidated Edison beats profit estimates on strong power demand
• Positive Sentiment: Net income rose to $308 million from $246 million in the prior-year quarter, supported by stronger power demand and higher electric and gas rate bases. The earnings improvement reinforces the utility’s underlying operating momentum. Consolidated Edison Q2 profit rises 25 percent
• Neutral Sentiment: Management maintained fiscal 2026 EPS guidance of $6.00-$6.20, broadly in line with the analyst consensus of $6.11. However, the midpoint of $6.10 is marginally below expectations, limiting the potential for an earnings-driven re-rating.
• Negative Sentiment: Wells Fargo raised its price target only modestly, from $106 to $108, while keeping an “equal weight” rating. The new target implies just 0.4% upside, signaling limited near-term valuation appeal even after the earnings beat. Wells Fargo raises Consolidated Edison price target

Hedge Funds Weigh In On Consolidated Edison

A number of hedge funds have recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC boosted its holdings in shares of Consolidated Edison by 13.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider’s stock worth $332,000 after buying an additional 441 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Consolidated Edison by 42.1% during the 1st quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider’s stock valued at $993,000 after buying an additional 2,659 shares in the last quarter. Woodline Partners LP lifted its stake in shares of Consolidated Edison by 40.7% during the 1st quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider’s stock valued at $3,237,000 after buying an additional 8,468 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Consolidated Edison in the 2nd quarter worth approximately $3,256,000. Finally, Baird Financial Group Inc. grew its stake in Consolidated Edison by 2.1% in the 2nd quarter. Baird Financial Group Inc. now owns 14,679 shares of the utilities provider’s stock valued at $1,473,000 after buying an additional 296 shares in the last quarter. Institutional investors and hedge funds own 66.29% of the company’s stock.

Consolidated Edison Company Profile

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.