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Consolidated Edison - ED Stock Forecast, Price & News

$99.11
+0.63 (+0.64%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$98.68
$99.58
50-Day Range
$86.88
$99.27
52-Week Range
$71.52
$101.12
Volume
1.96 million shs
Average Volume
1.63 million shs
Market Capitalization
$35.14 billion
P/E Ratio
21.69
Dividend Yield
3.19%
Price Target
$85.36

Consolidated Edison MarketRank™ Forecast

Analyst Rating
Hold
1.64 Rating Score
Upside/​Downside
13.9% Downside
$85.36 Price Target
Short Interest
Healthy
2.04% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.90
Upright™ Environmental Score
News Sentiment
0.61mentions of Consolidated Edison in the last 14 days
Based on 11 Articles This Week
Insider Trading
Acquiring Shares
$54,645 Bought Last Quarter
Proj. Earnings Growth
7.57%
From $4.49 to $4.83 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.59 out of 5 stars

Utilities Sector

15th out of 88 stocks

Electric & Other Services Combined Industry

4th out of 20 stocks

ED stock logo

About Consolidated Edison (NYSE:ED) Stock

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 3.5 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 1,555 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. In addition, it operates 533 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 87,564 in-service line transformers; 3,924 pole miles of overhead distribution lines; and 2,291 miles of underground distribution lines, as well as 4,350 miles of mains and 377,971 service lines for natural gas distribution. Further, the company owns, operates, and develops renewable and energy infrastructure projects; and provides energy-related products and services to wholesale and retail customers, as well as invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. The company was founded in 1823 and is based in New York, New York.

Consolidated Edison Stock Performance

ED traded up $0.63 during midday trading on Friday, reaching $99.11. The company had a trading volume of 1,955,194 shares, compared to its average volume of 1,633,022. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.82 and a current ratio of 0.88. The stock has a market cap of $35.14 billion, a PE ratio of 21.69, a P/E/G ratio of 10.98 and a beta of 0.25. Consolidated Edison has a 12-month low of $71.52 and a 12-month high of $101.12. The business has a 50-day moving average price of $94.09 and a two-hundred day moving average price of $92.60.

Consolidated Edison (NYSE:ED - Get Rating) last released its earnings results on Thursday, August 4th. The utilities provider reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.09. Consolidated Edison had a net margin of 11.16% and a return on equity of 7.83%. During the same period in the previous year, the business earned $0.53 EPS. On average, sell-side analysts expect that Consolidated Edison will post 4.49 earnings per share for the current fiscal year.

Consolidated Edison Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 17th will be paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Tuesday, August 16th. Consolidated Edison's payout ratio is 69.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Mizuho decreased their price target on shares of Consolidated Edison from $100.00 to $99.00 and set a "buy" rating for the company in a research note on Monday, June 27th. KeyCorp boosted their target price on shares of Consolidated Edison from $72.00 to $75.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 19th. Credit Suisse Group boosted their target price on shares of Consolidated Edison from $92.00 to $94.00 and gave the stock a "neutral" rating in a research report on Monday, August 8th. Guggenheim raised shares of Consolidated Edison from a "sell" rating to a "neutral" rating and set a $94.00 target price for the company in a research report on Monday, May 23rd. Finally, Wells Fargo & Company downgraded shares of Consolidated Edison from an "equal weight" rating to a "sell" rating and boosted their target price for the stock from $85.00 to $94.00 in a research report on Tuesday, May 3rd. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $85.36.

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ED Stock News Headlines

What 7 Analyst Ratings Have To Say About Consolidated Edison
New York Will Sizzle Today as Power Demand Tests Grid
How Summer Weather Can Strain the U.S. Power Grid
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ED Company Calendar

Ex-Dividend for 6/15 Dividend
5/17/2022
Dividend Payable
6/15/2022
Last Earnings
8/04/2022
Today
8/13/2022
Ex-Dividend for 9/15 Dividend
8/16/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
Sector
Utilities
CUSIP
20911510
Employees
13,871
Year Founded
1823

Price Target and Rating

Average Stock Price Forecast
$85.36
High Stock Price Forecast
$99.00
Low Stock Price Forecast
$68.00
Forecasted Upside/Downside
-13.9%
Consensus Rating
Hold
Rating Score (0-4)
1.64
Research Coverage
11 Analysts

Profitability

Net Income
$1.35 billion
Pretax Margin
12.11%

Debt

Sales & Book Value

Annual Sales
$13.68 billion
Cash Flow
$10.07 per share
Book Value
$58.16 per share

Miscellaneous

Free Float
354,121,000
Market Cap
$35.14 billion
Optionable
Optionable
Beta
0.25

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ED Stock - Frequently Asked Questions

Should I buy or sell Consolidated Edison stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last twelve months. There are currently 5 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ED shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ED, but not buy additional shares or sell existing shares.
View ED analyst ratings
or view top-rated stocks.

What is Consolidated Edison's stock price forecast for 2022?

11 brokers have issued twelve-month price objectives for Consolidated Edison's shares. Their ED share price forecasts range from $68.00 to $99.00. On average, they predict the company's share price to reach $85.36 in the next year. This suggests that the stock has a possible downside of 13.9%.
View analysts price targets for ED
or view top-rated stocks among Wall Street analysts.

How have ED shares performed in 2022?

Consolidated Edison's stock was trading at $85.32 at the start of the year. Since then, ED stock has increased by 16.2% and is now trading at $99.11.
View the best growth stocks for 2022 here
.

When is Consolidated Edison's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our ED earnings forecast
.

How were Consolidated Edison's earnings last quarter?

Consolidated Edison, Inc. (NYSE:ED) posted its quarterly earnings data on Thursday, August, 4th. The utilities provider reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.09. Consolidated Edison had a trailing twelve-month return on equity of 7.83% and a net margin of 11.16%. During the same quarter last year, the business earned $0.53 earnings per share.

How often does Consolidated Edison pay dividends? What is the dividend yield for Consolidated Edison?

Consolidated Edison declared a quarterly dividend on Thursday, July 21st. Investors of record on Wednesday, August 17th will be given a dividend of $0.79 per share on Thursday, September 15th. This represents a $3.16 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Tuesday, August 16th.
Read our dividend analysis for ED
.

Is Consolidated Edison a good dividend stock?

Consolidated Edison (NYSE:ED) pays an annual dividend of $3.16 per share and currently has a dividend yield of 3.21%. The company has been increasing its dividend for 48 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 69.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ED will have a dividend payout ratio of 65.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ED.

What guidance has Consolidated Edison issued on next quarter's earnings?

Consolidated Edison updated its FY 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share (EPS) guidance of $4.40-$4.60 for the period, compared to the consensus earnings per share estimate of $4.50. The company issued revenue guidance of -.

What is John McAvoy's approval rating as Consolidated Edison's CEO?

211 employees have rated Consolidated Edison Chief Executive Officer John McAvoy on Glassdoor.com. John McAvoy has an approval rating of 94% among the company's employees. This puts John McAvoy in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Consolidated Edison own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Consolidated Edison investors own include AT&T (T), Verizon Communications (VZ), Johnson & Johnson (JNJ), AbbVie (ABBV), Exxon Mobil (XOM), Cisco Systems (CSCO), Pfizer (PFE), Intel (INTC), Altria Group (MO) and Procter & Gamble (PG).

What is Consolidated Edison's stock symbol?

Consolidated Edison trades on the New York Stock Exchange (NYSE) under the ticker symbol "ED."

Who are Consolidated Edison's major shareholders?

Consolidated Edison's stock is owned by a variety of institutional and retail investors. Top institutional investors include Lazard Asset Management LLC (1.94%), Northern Trust Corp (1.16%), California Public Employees Retirement System (0.73%), ProShare Advisors LLC (0.50%), Swiss National Bank (0.43%) and Sumitomo Mitsui Trust Holdings Inc. (0.42%). Insiders that own company stock include Deneen L Donnley, Deneen L Donnley, Elizabeth D Moore, Frances Resheske, Gurudatta D Nadkarni, Gurudatta D Nadkarni, John Mcavoy, Joseph Miller, La Bastide Lore De, Matthew Ketschke, Nancy Shannon, Robert Muccilo, Robert N Hoglund, Robert Sanchez, Stuart Nachmias, Timothy Cawley and Yukari Saegusa.
View institutional ownership trends
.

How do I buy shares of Consolidated Edison?

Shares of ED stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Consolidated Edison's stock price today?

One share of ED stock can currently be purchased for approximately $99.11.

How much money does Consolidated Edison make?

Consolidated Edison (NYSE:ED) has a market capitalization of $35.14 billion and generates $13.68 billion in revenue each year. The utilities provider earns $1.35 billion in net income (profit) each year or $4.57 on an earnings per share basis.

How many employees does Consolidated Edison have?

The company employs 13,871 workers across the globe.

When was Consolidated Edison founded?

Consolidated Edison was founded in 1823.

How can I contact Consolidated Edison?

Consolidated Edison's mailing address is 4 IRVING PLACE, NEW YORK NY, 10003. The official website for the company is www.conedison.com. The utilities provider can be reached via phone at (212) 460-4600, via email at dl-investorrelations@coned.com, or via fax at 212-475-0734.

This page (NYSE:ED) was last updated on 8/14/2022 by MarketBeat.com Staff

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