KeyCorp Increases Earnings Estimates for Consolidated Edison

Consolidated Edison Inc (NYSE:ED) – Investment analysts at KeyCorp lifted their Q4 2026 earnings estimates for Consolidated Edison in a report issued on Monday, October 12th. KeyCorp analyst S. Karp now forecasts that the utilities provider will post earnings of $1.04 per share for the quarter, up from their previous estimate of $0.62. KeyCorp has an “Underweight” rating and a $87.00 price target on the stock. The consensus estimate for Consolidated Edison’s current full-year earnings is $6.10 per share.

Consolidated Edison (NYSE:ED) last released its quarterly earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The company had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.60 billion. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS.

Other analysts also recently issued reports about the stock. Mizuho set a $108.00 target price on shares of Consolidated Edison in a report on Wednesday, October 7th. Barclays decreased their target price on shares of Consolidated Edison from $112.00 to $106.00 and set an “underweight” rating on the stock in a research report on Friday, August 7th. Evercore reaffirmed a “positive” rating and issued a $112.00 price target on shares of Consolidated Edison in a report on Monday, August 17th. Argus set a $112.00 price target on Consolidated Edison in a research report on Tuesday, June 23rd. Finally, Wells Fargo & Company lifted their price target on Consolidated Edison from $106.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Three 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. According to MarketBeat, Consolidated Edison currently has a consensus rating of “Reduce” and a consensus price target of $107.73.

Consolidated Edison Price Performance

ED stock opened at $109.50 on Thursday. Consolidated Edison has a 52 week low of $94.96 and a 52 week high of $116.23. The firm has a market capitalization of $40.50 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 3.73 and a beta of 0.26. The company has a fifty day simple moving average of $106.37 and a two-hundred day simple moving average of $108.47. The company has a quick ratio of 1.17, a current ratio of 1.27 and a debt-to-equity ratio of 1.04.

Institutional Trading of Consolidated Edison

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Consolidated Edison during the second quarter valued at approximately $4,609,491,000. Deutsche Bank AG bought a new stake in shares of Consolidated Edison during the 2nd quarter worth approximately $749,184,000. Legal & General Group Plc bought a new stake in shares of Consolidated Edison during the 2nd quarter worth approximately $494,352,000. Bank of New York Mellon Corp bought a new stake in shares of Consolidated Edison during the 2nd quarter worth approximately $231,014,000. Finally, Amundi boosted its holdings in Consolidated Edison by 66.2% during the 1st quarter. Amundi now owns 3,872,404 shares of the utilities provider’s stock valued at $438,272,000 after acquiring an additional 1,543,069 shares during the period. 66.29% of the stock is owned by hedge funds and other institutional investors.

Consolidated Edison News Roundup

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

• Positive Sentiment: Con Edison is expanding grid capacity in New York. A Bronx facility is receiving a $47.3 million capacity upgrade, supporting reliability and potentially enabling long-term rate-base growth. Bronx substation capacity upgrade article
• Neutral Sentiment: Con Edison will release third-quarter 2026 results after the market closes on November 5. Investors will focus on earnings versus the revised $2.05-per-share estimate, regulatory developments and management’s full-year outlook. Con Edison third-quarter 2026 earnings announcement
• Neutral Sentiment: KeyCorp modestly raised its long-term EPS forecasts for 2027 through 2030, including a projection of $7.87 for 2030. However, the firm maintained an Underweight rating and an $87 price target, limiting the positive impact of the estimate increases. KeyCorp Consolidated Edison analyst estimates
• Negative Sentiment: Goldman Sachs reduced its price target to $102 from $106, while KeyBanc separately cut its target to $87 from $94. The revisions suggest analysts see limited near-term upside relative to the recent share price. Goldman Sachs price-target revision KeyBanc price-target revision
• Negative Sentiment: KeyCorp lowered its third-quarter EPS forecast to $2.05 from $2.24 and continues to rate ED Underweight. Separately, New York City officials are challenging Con Edison’s bill and rate plans, raising regulatory and political risks to future revenue and allowed returns. New York City challenge to Con Edison bill plan

About Consolidated Edison

Consolidated Edison, Inc is an energy delivery company headquartered in New York. Through its principal subsidiary, Consolidated Edison Company of New York, Inc, the company provides electric, natural gas and steam service to customers in New York City and Westchester County.

Consolidated Edison also owns Orange and Rockland Utilities, Inc, which delivers electricity and natural gas in parts of southeastern New York, northern New Jersey and northeastern Pennsylvania. Its utility operations include the generation, transmission, distribution and delivery of energy, as well as the operation and maintenance of related infrastructure.

With roots tracing to the New York Gas Light Company, established in 1823, Consolidated Edison has developed into one of the United States’ largest investor-owned energy-delivery companies.