Consolidated Edison, Inc. (NYSE:ED - Free Report) - Investment analysts at Scotiabank raised their FY2026 EPS estimates for Consolidated Edison in a report issued on Wednesday, March 19th. Scotiabank analyst A. Weisel now anticipates that the utilities provider will post earnings of $5.92 per share for the year, up from their previous forecast of $5.90. Scotiabank has a "Sector Perform" rating and a $101.00 price target on the stock. The consensus estimate for Consolidated Edison's current full-year earnings is $5.62 per share.
Several other research firms have also recently weighed in on ED. Evercore ISI cut shares of Consolidated Edison from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st. Barclays boosted their target price on shares of Consolidated Edison from $92.00 to $95.00 and gave the company an "underweight" rating in a report on Monday, February 24th. Morgan Stanley boosted their target price on shares of Consolidated Edison from $85.00 to $91.00 and gave the company an "underweight" rating in a report on Thursday. Mizuho boosted their target price on shares of Consolidated Edison from $92.00 to $95.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Finally, UBS Group boosted their target price on shares of Consolidated Edison from $110.00 to $113.00 and gave the company a "neutral" rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $102.40.
Check Out Our Latest Analysis on ED
NYSE:ED opened at $107.85 on Monday. The stock has a market cap of $37.40 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 3.05 and a beta of 0.30. The firm's fifty day simple moving average is $97.91 and its 200 day simple moving average is $98.36. Consolidated Edison has a twelve month low of $87.16 and a twelve month high of $109.36. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 1.07.
Consolidated Edison (NYSE:ED - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The utilities provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.01. The business had revenue of $3.67 billion for the quarter, compared to analysts' expectations of $3.63 billion. Consolidated Edison had a net margin of 11.93% and a return on equity of 8.62%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AlphaMark Advisors LLC bought a new stake in Consolidated Edison in the fourth quarter worth $27,000. Fairway Wealth LLC bought a new stake in shares of Consolidated Edison in the fourth quarter valued at about $36,000. Wood Tarver Financial Group LLC bought a new stake in shares of Consolidated Edison in the fourth quarter valued at about $35,000. OFI Invest Asset Management bought a new stake in shares of Consolidated Edison in the fourth quarter valued at about $35,000. Finally, Centricity Wealth Management LLC bought a new stake in shares of Consolidated Edison in the fourth quarter valued at about $39,000. 66.29% of the stock is currently owned by institutional investors.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Wednesday, February 19th were paid a dividend of $0.85 per share. The ex-dividend date was Wednesday, February 19th. This is an increase from Consolidated Edison's previous quarterly dividend of $0.83. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.15%. Consolidated Edison's payout ratio is 64.89%.
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.
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