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

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

Consolidated Edison Stock Performance

NYSE ED traded down $2.88 on Friday, reaching $118.56. The stock had a trading volume of 2,501,467 shares, compared to its average volume of 2,287,054. 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 12-month low of $94.96 and a 12-month high of $122.75. The business’s 50-day moving average price is $108.92 and its 200 day moving average price is $109.35. The stock has a market cap 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.

Consolidated Edison Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Wednesday, November 18th will be issued a $0.8875 dividend. This represents a $3.55 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, November 18th. Consolidated Edison’s payout ratio is presently 56.80%.

Key Stories Impacting Consolidated Edison

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

Analysts Set New Price Targets

ED has been the subject of a number of analyst reports. KeyCorp decreased their price objective on Consolidated Edison from $94.00 to $87.00 and set an “underweight” rating for the company in a research note on Tuesday, October 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Consolidated Edison in a research report on Monday, October 19th. Wells Fargo & Company lifted their price objective on Consolidated Edison from $118.00 to $134.00 and gave the company an “overweight” rating in a research note on Friday. 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. Finally, HSBC started coverage on shares of Consolidated Edison in a research note on Thursday, October 22nd. They issued a “hold” rating and a $104.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, Consolidated Edison presently has a consensus rating of “Reduce” and an average target price of $109.74.

About Consolidated Edison

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.