Consolidated Edison (NYSE:ED) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Consolidated Edison (NYSE:ED) announced its earnings results on Thursday. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.01, Zacks reports. Consolidated Edison had a return on equity of 8.70% and a net margin of 12.27%. Consolidated Edison updated its FY 2025 guidance to 5.500-5.700 EPS.

Consolidated Edison Stock Up 0.5 %

Shares of ED traded up $0.51 on Thursday, reaching $95.77. The company’s stock had a trading volume of 2,579,681 shares, compared to its average volume of 2,400,884. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 1.07. Consolidated Edison has a twelve month low of $85.85 and a twelve month high of $107.75. The stock has a market capitalization of $33.18 billion, a PE ratio of 18.04, a PEG ratio of 3.05 and a beta of 0.39. The firm has a fifty day moving average of $91.91 and a 200-day moving average of $98.03.

Consolidated Edison Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Wednesday, February 19th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Wednesday, February 19th. This is a positive change from Consolidated Edison’s previous quarterly dividend of $0.83. Consolidated Edison’s dividend payout ratio is currently 62.52%.

Wall Street Analysts Forecast Growth

ED has been the topic of several research analyst reports. Barclays cut their target price on Consolidated Edison from $99.00 to $92.00 and set an “underweight” rating on the stock in a research report on Monday, January 27th. Mizuho raised their price objective on shares of Consolidated Edison from $92.00 to $95.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Scotiabank upgraded shares of Consolidated Edison from a “sector underperform” rating to a “sector perform” rating and boosted their target price for the company from $90.00 to $100.00 in a research report on Thursday, December 12th. Evercore ISI cut shares of Consolidated Edison from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley dropped their price objective on shares of Consolidated Edison from $88.00 to $85.00 and set an “underweight” rating on the stock in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $100.70.

Consolidated Edison Company Profile

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.