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Con Edison beats earnings estimates, raises 2026 outlook, and hikes dividend.
Consolidated Edison reported stronger-than-expected earnings on February 19, 2026, with $0.89 EPS and $3.99 billion in revenue, up 8.9% year-over-year, exceeding estimates.
The company raised its 2026 full-year earnings guidance to $6.00–$6.20 per share and declared a quarterly dividend of $0.8875, yielding 3.2%.
Institutional ownership remains high at 66.29%, with Legal & General Group increasing its stake and Wakefield Asset Management reducing its position.
Director John F. Killian sold shares, and analysts maintain a "Reduce" rating with a $107.73 target.
The stock opened at $111.30 on March 11, with a market cap of $40.21 billion and a low beta of 0.38.
Con Edison supera las estimaciones de ganancias, eleva las perspectivas para 2026 y aumenta los dividendos.