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Consolidated Edison (ED) Stock Forecast, Price & News

$85.49
-1.14 (-1.32%)
(As of 09/28/2023 ET)
Compare
Today's Range
$84.86
$87.24
50-Day Range
$85.49
$97.71
52-Week Range
$78.10
$100.92
Volume
1.98 million shs
Average Volume
1.82 million shs
Market Capitalization
$29.49 billion
P/E Ratio
12.30
Dividend Yield
3.79%
Price Target
$89.93

Consolidated Edison MarketRank™ Forecast

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
5.2% Upside
$89.93 Price Target
Short Interest
Healthy
1.77% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.18
Upright™ Environmental Score
News Sentiment
0.66mentions of Consolidated Edison in the last 14 days
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$25,746 Bought Last Quarter
Proj. Earnings Growth
7.55%
From $4.90 to $5.27 Per Share

Overall MarketRank

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

2.73 out of 5 stars

Utilities Sector

29th out of 86 stocks

Electric & Other Services Combined Industry

6th out of 17 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 3.6 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. 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 543 circuit miles of transmission lines; 15 transmission substations; 63 distribution substations; 87,951 in-service line transformers; 3,869 pole miles of overhead distribution lines; and 2,320 miles of underground distribution lines, as well as 4,359 miles of mains and 377,741 service lines for natural gas distribution. Further, the company owns, develops, and operates 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. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.

ED Price History

ED Stock News Headlines

3 Dividend Kings Poised to Outperform the Market (ED)
Wall Street expects these three Dividend Kings who have raised their dividend payments for 50 or more consecutive years to keep delivering dividend gold.
WARNING: Seven millionaires to trigger sudden market panic?
The next major selloff could be just days away…And seven powerful (yet completely unknown) insiders will be behind it all – and help corporate executives make a killing as it plays out. Here’s the full story.
WARNING: Seven millionaires to trigger sudden market panic?
The next major selloff could be just days away…And seven powerful (yet completely unknown) insiders will be behind it all – and help corporate executives make a killing as it plays out. Here’s the full story.
What 13 Analyst Ratings Have To Say About Consolidated Edison
J.P. Morgan Keeps Their Sell Rating on Consolidated Edison (ED)
See More Headlines
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ED Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 9/15 Dividend
8/15/2023
Dividend Payable
9/15/2023
Today
9/28/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
Sector
Utilities
CUSIP
20911510
Employees
14,319
Year Founded
1823

Price Target and Rating

Average Stock Price Forecast
$89.93
High Stock Price Forecast
$104.00
Low Stock Price Forecast
$75.00
Forecasted Upside/Downside
+5.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
12 Analysts

Profitability

Net Income
$1.66 billion
Pretax Margin
19.61%

Debt

Sales & Book Value

Annual Sales
$15.67 billion
Cash Flow
$10.08 per share
Book Value
$58.87 per share

Miscellaneous

Free Float
344,476,000
Market Cap
$29.50 billion
Optionable
Optionable
Beta
0.37

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Key Executives

  • Mr. Timothy P. Cawley (Age 58)
    Chairman, Pres & CEO
    Comp: $3.52M
  • Mr. Robert N. HoglundMr. Robert N. Hoglund (Age 61)
    Sr. VP & CFO
    Comp: $1.96M
  • Ms. Deneen Lynette Donnley (Age 58)
    Sr. VP & Gen. Counsel
    Comp: $1.42M
  • Mr. Robert SanchezMr. Robert Sanchez (Age 57)
    Pres & CEO of Orange and Rockland Utilities, Inc.
    Comp: $1.22M
  • Mr. Matthew KetschkeMr. Matthew Ketschke (Age 51)
    Pres of Consolidated Edison Company of New York, Inc.
    Comp: $1.38M
  • Mr. Joseph Miller (Age 60)
    VP, Controller & Chief Accounting Officer
  • Mr. Jan C. Childress
    Director of Investor Relations
  • Mr. Yukari SaegusaMr. Yukari Saegusa (Age 55)
    VP & Treasurer
  • Sylvia V. Dooley
    VP & Corp. Sec.
  • Stuart NachmiasStuart Nachmias (Age 58)
    Pres & CEO of Con Edison Transmission, Inc.













ED Stock - Frequently Asked Questions

Should I buy or sell Consolidated Edison stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last year. There are currently 5 sell ratings, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" ED shares.
View ED analyst ratings
or view top-rated stocks.

What is Consolidated Edison's stock price forecast for 2023?

12 brokerages have issued twelve-month price objectives for Consolidated Edison's stock. Their ED share price forecasts range from $75.00 to $104.00. On average, they expect the company's share price to reach $89.93 in the next twelve months. This suggests a possible upside of 5.2% from the stock's current price.
View analysts price targets for ED
or view top-rated stocks among Wall Street analysts.

How have ED shares performed in 2023?

Consolidated Edison's stock was trading at $95.31 at the beginning of the year. Since then, ED shares have decreased by 10.3% and is now trading at $85.52.
View the best growth stocks for 2023 here
.

Are investors shorting Consolidated Edison?

Consolidated Edison saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 5,990,000 shares, a drop of 7.8% from the August 15th total of 6,500,000 shares. Based on an average trading volume of 1,740,000 shares, the days-to-cover ratio is currently 3.4 days.
View Consolidated Edison's Short Interest
.

When is Consolidated Edison's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our ED earnings forecast
.

How were Consolidated Edison's earnings last quarter?

Consolidated Edison, Inc. (NYSE:ED) released its quarterly earnings results 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 earned $2.94 billion during the quarter, compared to analysts' expectations of $3.31 billion. Consolidated Edison had a trailing twelve-month return on equity of 8.27% and a net margin of 15.84%. During the same quarter last year, the business posted $0.64 EPS.

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

Consolidated Edison declared a quarterly dividend on Thursday, July 20th. Shareholders 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 dividend yield of 3.79%. The ex-dividend date is Tuesday, August 15th.
Read our dividend analysis for ED
.

Is Consolidated Edison a good dividend stock?

Consolidated Edison (NYSE:ED) pays an annual dividend of $3.24 per share and currently has a dividend yield of 3.69%. 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.

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

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

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 number of retail and institutional investors. Top institutional shareholders 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.
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 $85.52.

How much money does Consolidated Edison make?

Consolidated Edison (NYSE:ED) has a market capitalization of $29.50 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.

How many employees does Consolidated Edison have?

The company employs 14,319 workers across the globe.

Does Consolidated Edison have any subsidiaries?
The following companies are subsidiares of Consolidated Edison: Con Edison Clean Energy Businesses Inc., and Consolidated Edison Company of New York Inc..
Read More
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 9/28/2023 by MarketBeat.com Staff

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