Consolidated Edison (NYSE:ED) Releases FY 2026 Earnings Guidance

Consolidated Edison (NYSE:ED) updated its FY 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 6.050-6.150 for the period, compared to the consensus estimate of 6.110.

Consolidated Edison Stock Down 1.2%

Shares of NYSE:ED traded down $1.48 during midday trading on Friday, hitting $119.96. 573,540 shares of the company’s stock were exchanged, compared to its average volume of 2,242,545. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.27 and a quick ratio of 1.17. The stock has a 50 day moving average price of $108.69 and a 200-day moving average price of $109.28. The company has a market cap of $44.36 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 4.16 and a beta of 0.23. Consolidated Edison has a 12 month low of $94.96 and a 12 month high of $122.75.

Consolidated Edison (NYSE:ED) last posted its quarterly earnings data on Thursday, November 5th. The utilities provider reported $2.07 EPS for the quarter, beating the consensus estimate of $2.03 by $0.04. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. The firm had revenue of $4.91 billion during the quarter, compared to analyst estimates of $4.75 billion. During the same quarter last year, the business posted $1.90 EPS. On average, sell-side analysts anticipate that Consolidated Edison will post 6.10 EPS for the current fiscal year.

Consolidated Edison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Wednesday, November 18th will be issued a dividend of $0.8875 per share. The ex-dividend date is Wednesday, November 18th. This represents a $3.55 annualized dividend and a yield of 3.0%. Consolidated Edison’s dividend payout ratio is currently 58.29%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Bank of America cut their price target on Consolidated Edison from $105.00 to $96.00 in a research note on Friday, October 2nd. LADENBURG THALM/SH SH lifted their price objective on Consolidated Edison from $101.00 to $113.50 and gave the company a “neutral” rating in a research note on Monday, July 13th. Evercore reduced their price target on Consolidated Edison from $116.00 to $112.00 in a report on Thursday, October 8th. HSBC started coverage on shares of Consolidated Edison in a research report on Thursday, October 22nd. They set a “hold” rating and a $104.00 price target for the company. Finally, Mizuho set a $108.00 price objective on shares of Consolidated Edison in a report on Wednesday, October 7th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $109.74.

Key Stories Impacting Consolidated Edison

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

• Positive Sentiment: Con Edison reported third-quarter adjusted EPS of $2.07, up from $1.90 a year earlier, and revenue rose 8.5% year over year. EPS beat FactSet’s $2.03 estimate, although it matched Zacks’ $2.07 estimate—accounting for conflicting “beat” and “miss” headlines. Con Edison Q3 earnings release
• Positive Sentiment: Mizuho raised its price target on ED to $124 from $108, indicating a more favorable valuation outlook from that analyst. Mizuho price target update
• Neutral Sentiment: The company narrowed its 2026 earnings guidance and outlined $38 billion in planned investments. The narrowed range provides updated visibility, but the news provided does not specify whether the change raises or lowers the outlook. Q3 results, guidance and investment plans
• Negative Sentiment: A separate earnings analysis flagged growing dilution risk, a potential concern for shareholders as the utility funds its investment program. Q3 analysis and dilution risk

Consolidated Edison Company Profile

Consolidated Edison, Inc is a diversified energy company headquartered in New York City. Through its regulated utility subsidiaries, the company delivers electricity, natural gas and steam to residential, commercial and industrial customers.

Its principal subsidiary, Consolidated Edison Company of New York, provides electric service throughout New York City and Westchester County, along with gas service in Manhattan, the Bronx, parts of Queens and Westchester County, and steam service in parts of Manhattan.