Consolidated Edison (NYSE:ED) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Consolidated Edison (NYSE:ED) posted its quarterly earnings results on Thursday. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.07, FiscalAI reports. The firm had revenue of $4.07 billion during the quarter, compared to analyst estimates of $3.60 billion. Consolidated Edison had a return on equity of 8.53% and a net margin of 12.53%.During the same quarter in the previous year, the firm earned $0.67 EPS. Consolidated Edison updated its FY 2026 guidance to 6.000-6.200 EPS.

Consolidated Edison Stock Performance

Shares of ED traded down $0.92 during trading hours on Friday, hitting $108.03. The stock had a trading volume of 2,160,879 shares, compared to its average volume of 2,212,994. The firm has a market capitalization of $39.81 billion, a PE ratio of 17.74, a PEG ratio of 2.83 and a beta of 0.27. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.19 and a quick ratio of 1.09. Consolidated Edison has a 12 month low of $94.96 and a 12 month high of $116.23. The stock has a fifty day moving average price of $109.47 and a 200 day moving average price of $109.66.

Consolidated Edison Announces Dividend

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

Analysts Set New Price Targets

ED has been the subject of a number of analyst reports. Mizuho set a $114.00 price objective on shares of Consolidated Edison in a research note on Monday, July 27th. Barclays reduced their price target on shares of Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating for the company in a research report on Friday. Morgan Stanley reissued an “underweight” rating on shares of Consolidated Edison in a report on Wednesday, July 22nd. KeyCorp lowered their price target on Consolidated Edison from $97.00 to $94.00 and set an “underweight” rating on the stock in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and set a $105.00 price objective on shares of Consolidated Edison in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $109.07.

Key Consolidated Edison News

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

• Positive Sentiment: Second-quarter adjusted and reported EPS reached $0.83, well above analysts’ estimates of roughly $0.74–$0.76 and up from $0.67 a year earlier. Revenue rose to $4.07 billion, exceeding the $3.60 billion consensus estimate. Consolidated Edison Q2 Earnings Top Estimates, Revenues Rise Y/Y
• Positive Sentiment: Net income increased 25% to $308 million from $246 million, helped by robust power demand and growth in the electric and gas rate bases. The results indicate that regulated rate recovery and higher usage are supporting earnings. Consolidated Edison beats profit estimates on strong power demand
• Positive Sentiment: Management maintained its 2026 EPS outlook of $6.00–$6.20 and reaffirmed its investment plans, providing continued visibility into earnings and capital spending. Con Edison Reports 2026 Second Quarter Earnings
• Neutral Sentiment: Wells Fargo raised its price target from $106 to $108 but retained an Equal Weight rating, signaling limited near-term upside after the earnings release. Wells Fargo price target update
• Negative Sentiment: Despite the quarterly beat, Consolidated Edison did not increase its full-year guidance. Investors may also remain cautious about the utility’s valuation, interest-rate sensitivity, and debt-funded investment requirements, which can limit enthusiasm for the shares.

Institutional Investors Weigh In On Consolidated Edison

Several hedge funds and other institutional investors have recently made changes to their positions in ED. Revolve Wealth Partners LLC increased its holdings in Consolidated Edison by 13.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider’s stock valued at $332,000 after buying an additional 441 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of Consolidated Edison during the 4th quarter worth $79,000. DV Equities LLC purchased a new position in shares of Consolidated Edison during the 4th quarter worth $70,000. Quattro Advisors LLC bought a new stake in shares of Consolidated Edison during the 4th quarter valued at $75,000. Finally, Litman Gregory Wealth Management LLC bought a new stake in shares of Consolidated Edison during the 4th quarter valued at $174,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.

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.