Scotiabank Brokers Increase Earnings Estimates for ED

Consolidated Edison, Inc. (NYSE:ED) – Research analysts at Scotiabank increased their FY2026 earnings per share (EPS) estimates for shares of Consolidated Edison in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst A. Weisel now forecasts that the utilities provider will post earnings of $5.92 per share for the year, up from their prior estimate of $5.90. Scotiabank currently 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.

ED has been the topic of a number of other research reports. Morgan Stanley increased their target price on Consolidated Edison from $85.00 to $91.00 and gave the stock an “underweight” rating in a research note on Thursday, March 20th. UBS Group increased their price objective on Consolidated Edison from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. 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 research report on Monday, February 3rd. Barclays raised their price target on shares of Consolidated Edison from $92.00 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, February 24th. Finally, Evercore ISI downgraded shares of Consolidated Edison from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $102.40.

Consolidated Edison Stock Down 1.2 %

Consolidated Edison stock opened at $105.60 on Monday. Consolidated Edison has a twelve month low of $87.16 and a twelve month high of $109.36. The stock has a market cap of $36.62 billion, a P/E ratio of 20.15, a P/E/G ratio of 3.05 and a beta of 0.30. The company’s 50-day moving average price is $98.60 and its two-hundred day moving average price is $98.40. 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) last released its quarterly earnings data on Thursday, February 20th. The utilities provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.97 by $0.01. The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.63 billion. Consolidated Edison had a net margin of 11.93% and a return on equity of 8.62%.

Hedge Funds Weigh In On Consolidated Edison

Several hedge funds and other institutional investors have recently modified their holdings of the business. AlphaMark Advisors LLC acquired a new position in Consolidated Edison during the 4th quarter worth approximately $27,000. OFI Invest Asset Management bought a new stake in shares of Consolidated Edison during the fourth quarter worth $35,000. Wood Tarver Financial Group LLC acquired a new position in shares of Consolidated Edison during the fourth quarter worth $35,000. Fairway Wealth LLC bought a new position in shares of Consolidated Edison in the 4th quarter valued at $36,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Consolidated Edison during the 4th quarter valued at $39,000. Institutional investors own 66.29% of the company’s stock.

Consolidated Edison Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 a boost from Consolidated Edison’s previous quarterly dividend of $0.83. This represents a $3.40 annualized dividend and a yield of 3.22%. Consolidated Edison’s dividend payout ratio is presently 64.89%.

About Consolidated Edison

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.