Consolidated Edison, Inc. (NYSE:ED) to Post Q1 2025 Earnings of $2.01 Per Share, Zacks Research Forecasts

Consolidated Edison, Inc. (NYSE:ED) – Equities researchers at Zacks Research upped their Q1 2025 earnings estimates for shares of Consolidated Edison in a research note issued to investors on Thursday, September 5th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of $2.01 per share for the quarter, up from their previous estimate of $1.98. The consensus estimate for Consolidated Edison’s current full-year earnings is $5.31 per share. Zacks Research also issued estimates for Consolidated Edison’s Q2 2025 earnings at $0.60 EPS and Q4 2025 earnings at $1.13 EPS.

Consolidated Edison (NYSE:ED) last issued its earnings results on Thursday, August 1st. The utilities provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. Consolidated Edison had a net margin of 12.03% and a return on equity of 8.67%. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the business posted $0.61 earnings per share.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company raised their price target on Consolidated Edison from $97.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Barclays upped their price target on shares of Consolidated Edison from $92.00 to $98.00 and gave the company an “underweight” rating in a report on Monday, August 5th. UBS Group raised their price objective on shares of Consolidated Edison from $92.00 to $96.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Scotiabank upped their target price on Consolidated Edison from $85.00 to $90.00 and gave the company a “sector underperform” rating in a research note on Tuesday, August 20th. Finally, Guggenheim raised their price target on Consolidated Edison from $88.00 to $91.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Consolidated Edison has an average rating of “Hold” and an average price target of $92.65.

Consolidated Edison Stock Performance

NYSE ED opened at $104.97 on Monday. The business has a 50 day moving average price of $97.83 and a 200 day moving average price of $93.79. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.04 and a quick ratio of 0.97. The company has a market capitalization of $36.34 billion, a P/E ratio of 20.15, a PEG ratio of 3.49 and a beta of 0.36. Consolidated Edison has a 1-year low of $80.46 and a 1-year high of $105.99.

Consolidated Edison Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Wednesday, August 14th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 3.16%. The ex-dividend date is Wednesday, August 14th. Consolidated Edison’s dividend payout ratio (DPR) is 63.72%.

Hedge Funds Weigh In On Consolidated Edison

Hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new position in Consolidated Edison in the fourth quarter valued at approximately $243,511,000. ProShare Advisors LLC lifted its holdings in shares of Consolidated Edison by 6.6% during the 1st quarter. ProShare Advisors LLC now owns 2,000,741 shares of the utilities provider’s stock valued at $181,687,000 after acquiring an additional 123,654 shares in the last quarter. Hsbc Holdings PLC boosted its position in Consolidated Edison by 0.8% during the 2nd quarter. Hsbc Holdings PLC now owns 1,502,523 shares of the utilities provider’s stock worth $134,323,000 after purchasing an additional 11,785 shares during the period. Dimensional Fund Advisors LP increased its holdings in Consolidated Edison by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,273,115 shares of the utilities provider’s stock valued at $113,845,000 after purchasing an additional 125,859 shares in the last quarter. Finally, Clean Energy Transition LLP raised its position in Consolidated Edison by 227.9% in the second quarter. Clean Energy Transition LLP now owns 897,553 shares of the utilities provider’s stock valued at $80,259,000 after purchasing an additional 623,787 shares during the period. Institutional investors and hedge funds own 66.29% of the company’s stock.

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.