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

Consolidated Edison (NYSE:ED) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 6.000-6.200 for the period, compared to the consensus earnings per share estimate of 6.110. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Evercore set a $116.00 price objective on shares of Consolidated Edison in a research report on Monday, May 11th. Barclays reduced their target price on shares of Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating for the company in a research note on Friday. Morgan Stanley reiterated an “underweight” rating on shares of Consolidated Edison in a report on Wednesday, July 22nd. Wells Fargo & Company lifted their price target on Consolidated Edison from $106.00 to $108.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $105.00 price target on shares of Consolidated Edison in a report on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $109.07.

Consolidated Edison Stock Down 0.8%

Shares of NYSE ED traded down $0.92 during mid-day trading on Friday, hitting $108.03. The company had a trading volume of 2,160,879 shares, compared to its average volume of 2,212,994. The company has a market capitalization of $39.81 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 2.83 and a beta of 0.27. The firm has a 50-day simple moving average of $109.47 and a two-hundred day simple moving average of $109.66. The company has a current ratio of 1.19, a quick ratio of 1.09 and a debt-to-equity ratio of 1.00. Consolidated Edison has a one year low of $94.96 and a one year high of $116.23.

Consolidated Edison (NYSE:ED) last released its earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.07. Consolidated Edison had a return on equity of 8.53% and a net margin of 12.53%.The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.60 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. On average, equities analysts expect that Consolidated Edison will post 6.09 EPS for the current year.

Consolidated Edison Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Wednesday, August 19th will be issued a $0.8875 dividend. This represents a $3.55 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, August 19th. Consolidated Edison’s dividend payout ratio is presently 59.76%.

Key Consolidated Edison News

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

• Positive Sentiment: Second-quarter adjusted and reported EPS reached $0.83, well above analysts’ estimates of roughly $0.74–$0.76 and up from $0.67 a year earlier. Revenue rose to $4.07 billion, exceeding the $3.60 billion consensus estimate. Consolidated Edison Q2 Earnings Top Estimates, Revenues Rise Y/Y
• Positive Sentiment: Net income increased 25% to $308 million from $246 million, helped by robust power demand and growth in the electric and gas rate bases. The results indicate that regulated rate recovery and higher usage are supporting earnings. Consolidated Edison beats profit estimates on strong power demand
• Positive Sentiment: Management maintained its 2026 EPS outlook of $6.00–$6.20 and reaffirmed its investment plans, providing continued visibility into earnings and capital spending. Con Edison Reports 2026 Second Quarter Earnings
• Neutral Sentiment: Wells Fargo raised its price target from $106 to $108 but retained an Equal Weight rating, signaling limited near-term upside after the earnings release. Wells Fargo price target update
• Negative Sentiment: Despite the quarterly beat, Consolidated Edison did not increase its full-year guidance. Investors may also remain cautious about the utility’s valuation, interest-rate sensitivity, and debt-funded investment requirements, which can limit enthusiasm for the shares.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Revolve Wealth Partners LLC increased its position in Consolidated Edison by 13.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 3,721 shares of the utilities provider’s stock worth $332,000 after buying an additional 441 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Consolidated Edison by 42.1% in the first quarter. Empowered Funds LLC now owns 8,978 shares of the utilities provider’s stock valued at $993,000 after buying an additional 2,659 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Consolidated Edison by 40.7% during the 1st quarter. Woodline Partners LP now owns 29,271 shares of the utilities provider’s stock worth $3,237,000 after acquiring an additional 8,468 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Consolidated Edison in the 2nd quarter valued at $3,256,000. Finally, Baird Financial Group Inc. lifted its holdings in Consolidated Edison by 2.1% during the 2nd quarter. Baird Financial Group Inc. now owns 14,679 shares of the utilities provider’s stock valued at $1,473,000 after purchasing an additional 296 shares during the last quarter. Institutional investors own 66.29% of the company’s stock.

About Consolidated Edison

Consolidated Edison, Inc, commonly known as Con Edison, is an investor-owned energy company that primarily delivers electricity, natural gas and steam to customers in the New York metropolitan area. Its regulated utility operations include the distribution and transmission of electric power, the distribution of natural gas, and the operation of one of the largest district steam systems in the United States, serving commercial, institutional and residential customers in New York City and nearby counties.

The company operates through regulated utility subsidiaries that serve urban and suburban service territories, together with non-utility businesses that develop, own and manage energy infrastructure and clean energy projects.