Consolidated Edison (ED) Stock Forecast, Price & News

12 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 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" ED shares.
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12 analysts have issued 12-month target prices for Consolidated Edison's shares. Their ED share price forecasts range from $75.00 to $104.00. On average, they predict the company's stock price to reach $89.93 in the next twelve months. This suggests that the stock has a possible downside of 0.3%.
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Consolidated Edison's stock was trading at $95.31 at the beginning of the year. Since then, ED shares have decreased by 5.3% and is now trading at $90.23.
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Consolidated Edison saw a decrease in short interest in August. As of August 31st, there was short interest totaling 5,990,000 shares, a decrease of 7.8% from the August 15th total of 6,500,000 shares. Based on an average daily trading volume, of 1,740,000 shares, the short-interest ratio is currently 3.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Consolidated Edison, Inc. (NYSE:ED) posted its quarterly earnings data on Thursday, August, 3rd. The utilities provider reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The utilities provider had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.31 billion. Consolidated Edison had a net margin of 15.84% and a trailing twelve-month return on equity of 8.27%. During the same period in the prior year, the company earned $0.64 earnings per share.

Consolidated Edison declared a quarterly dividend on Thursday, July 20th. Stockholders of record on Wednesday, August 16th will be paid a dividend of $0.81 per share on Friday, September 15th. This represents a $3.24 annualized dividend and a yield of 3.59%. The ex-dividend date is Tuesday, August 15th.
Read our dividend analysis for ED.

ETFs with the largest weight of Consolidated Edison (NYSE:ED) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), iShares Global Clean Energy ETF (ICLN), First Trust Utilities AlphaDEX Fund (FXU), Subversive Decarbonization ETF (DKRB), Utilities Select Sector SPDR Fund (XLU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco S&P 500 Equal Weight Utilities ETF (RSPU) and Virtus Duff & Phelps Clean Energy ETF (VCLN).

Consolidated Edison (NYSE:ED) pays an annual dividend of $3.24 per share and currently has a dividend yield of 3.57%. The company has been increasing its dividend for 50 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 46.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ED will have a dividend payout ratio of 61.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ED.

Consolidated Edison updated its FY23 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $4.85-5.00 for the period, compared to the consensus estimate of $4.85.

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.

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).

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

Consolidated Edison's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.55%), State Street Corp (7.29%), Geode Capital Management LLC (2.32%), Northern Trust Corp (1.20%), Bank of New York Mellon Corp (0.79%) and California Public Employees Retirement System (0.63%). Insiders that own company stock include Deneen L Donnley, 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.
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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.
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One share of ED stock can currently be purchased for approximately $90.23.

Consolidated Edison (NYSE:ED) has a market capitalization of $31.12 billion and generates $15.67 billion in revenue each year. The utilities provider earns $1.66 billion in net income (profit) each year or $6.95 on an earnings per share basis.

The company employs 14,319 workers across the globe.

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.