Consolidated Edison (NYSE:ED) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Consolidated Edison (NYSE:ED) released its earnings results on Thursday. The utilities provider reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.04, FiscalAI reports. Consolidated Edison had a net margin of 12.70% and a return on equity of 8.68%. The company had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same period in the prior year, the firm posted $1.90 EPS.

Consolidated Edison Price Performance

Shares of Consolidated Edison stock traded down $2.88 on Friday, hitting $118.56. 2,501,467 shares of the company traded hands, compared to its average volume of 2,287,054. The stock has a market capitalization of $43.85 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 4.10 and a beta of 0.23. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.17 and a current ratio of 1.27. Consolidated Edison has a 52 week low of $94.96 and a 52 week high of $122.75. The business has a 50-day simple moving average of $108.92 and a 200 day simple moving average of $109.35.

Consolidated Edison Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Wednesday, November 18th will be issued a dividend of $0.8875 per share. This represents a $3.55 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, November 18th. Consolidated Edison’s dividend payout ratio (DPR) is 56.80%.

Consolidated Edison News Summary

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

• Positive Sentiment: Con Edison reported adjusted Q3 EPS of $2.07, up from $1.90 a year earlier, and revenue of $4.91 billion, above the cited $4.75 billion consensus. Some estimates vary slightly: one Zacks report characterized EPS as a narrow miss. Con Edison reports 2026 third-quarter earnings
• Positive Sentiment: Wells Fargo raised its price target to $134 from $118 and upgraded ED to “overweight.” Mizuho also lifted its target, to $124 from $108. Wells Fargo price-target update Mizuho price-target update
• Neutral Sentiment: FY 2026 EPS guidance is $6.05–$6.15, bracketing the $6.11 consensus. The range supports expectations near consensus, though its narrower span leaves less room for an upside surprise. Q3 earnings and guidance
• Negative Sentiment: Barclays raised its target only slightly, from $106 to $108, while retaining an “underweight” rating—still implying downside from the cited share price. Barclays rating and target
• Negative Sentiment: The company outlined $38 billion in planned investments, raising potential financing and shareholder-dilution concerns that could offset the appeal of earnings growth. Q3 earnings, guidance, and investment risks

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ED. Evercore dropped their price target on shares of Consolidated Edison from $116.00 to $112.00 in a research report on Thursday, October 8th. Royal Bank Of Canada decreased their price objective on shares of Consolidated Edison from $110.00 to $109.00 in a research report on Monday, October 26th. Barclays lifted their target price on shares of Consolidated Edison from $106.00 to $108.00 and gave the company an “underweight” rating in a research note on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Consolidated Edison in a research note on Monday, October 19th. Finally, HSBC began coverage on shares of Consolidated Edison in a report on Thursday, October 22nd. They issued a “hold” rating and a $104.00 target price for the company. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $109.74.

Consolidated Edison Company Profile

Consolidated Edison, Inc is an energy holding company whose principal business is delivering electricity, natural gas and steam through regulated utility subsidiaries. Its services include generating, transmitting and distributing energy to residential, commercial and industrial customers.

Its largest subsidiary, Consolidated Edison Company of New York, serves customers in New York City and Westchester County. Orange and Rockland Utilities serves parts of southeastern New York and northern New Jersey.

The company’s roots trace back to New York Gas Light Company, founded in 1823.