Lowest-Rated StocksLowest-RatedNYSE:ED Consolidated Edison (ED) Stock Forecast, Price & News $93.54 +1.13 (+1.22%) (As of 06/7/2023 ET) Add Compare Share Share Today's Range$91.15▼$93.8850-Day Range$91.76▼$100.4052-Week Range$78.10▼$102.21Volume1.84 million shsAverage Volume1.87 million shsMarket Capitalization$32.42 billionP/E Ratio13.32Dividend Yield3.46%Price Target$91.42 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Consolidated Edison MarketRank™ ForecastAnalyst RatingHold1.70 Rating ScoreUpside/Downside2.9% Downside$90.83 Price TargetShort InterestHealthy2.22% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.18Upright™ Environmental ScoreNews Sentiment1.00Based on 12 Articles This WeekInsider TradingAcquiring Shares$29,731 Bought Last QuarterProj. Earnings Growth7.41%From $4.86 to $5.22 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.53 out of 5 starsUtilities Sector25th out of 87 stocksElectric & Other Services Combined Industry5th out of 19 stocks 0.8 Analyst's Opinion Consensus RatingConsolidated Edison has received a consensus rating of Hold. The company's average rating score is 1.64, and is based on 1 buy rating, 5 hold ratings, and 5 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $90.83, Consolidated Edison has a forecasted downside of 2.9% from its current price of $93.54.Amount of Analyst CoverageConsolidated Edison has only been the subject of 4 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.22% of the outstanding shares of Consolidated Edison have been sold short.Short Interest Ratio / Days to CoverConsolidated Edison has a short interest ratio ("days to cover") of 4.1.Change versus previous monthShort interest in Consolidated Edison has recently decreased by 10.36%, indicating that investor sentiment is improving significantly. Previous Next 5.0 Dividend Strength Dividend LeadershipConsolidated Edison is a leading dividend payer. It pays a dividend yield of 3.53%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthConsolidated Edison has been increasing its dividend for 50 years.Dividend CoverageThe dividend payout ratio of Consolidated Edison is 46.15%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Consolidated Edison will have a dividend payout ratio of 62.07% next year. This indicates that Consolidated Edison will be able to sustain or increase its dividend. Previous Next 2.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreConsolidated Edison has received a 4.51% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Electricity distribution services of electricity produced with fossil fuels", "Electricity distribution services of electricity produced with nuclear fuels", and "Electricity distribution services of electricity produced with renewable energy sources" products. See details.Environmental SustainabilityThe Environmental Impact score for Consolidated Edison is -3.18. Previous Next 3.3 News and Social Media Coverage News SentimentConsolidated Edison has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Consolidated Edison this week, compared to 8 articles on an average week.Search InterestOnly 18 people have searched for ED on MarketBeat in the last 30 days. This is a decrease of -5% compared to the previous 30 days.MarketBeat Follows7 people have added Consolidated Edison to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Consolidated Edison insiders have bought more of their company's stock than they have sold. Specifically, they have bought $29,731.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.13% of the stock of Consolidated Edison is held by insiders.Percentage Held by Institutions64.95% of the stock of Consolidated Edison is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Consolidated Edison are expected to grow by 7.41% in the coming year, from $4.86 to $5.22 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Consolidated Edison is 13.32, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.64.Price to Earnings Ratio vs. SectorThe P/E ratio of Consolidated Edison is 13.32, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 97.05.Price to Earnings Growth RatioConsolidated Edison has a PEG Ratio of 9.57. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioConsolidated Edison has a P/B Ratio of 1.59. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Consolidated Edison (NYSE:ED) StockConsolidated Edison, Inc. is a holding company, which engages in the business of regulated electric, gas, and steam delivery. It operates through the following segments: Consolidated Edison Company of New York (CECONY), Orange and Rockland Utilities(O&R), Con Edison Clean Energy Businesses and Con Edison Transmission. The CECONY segment is involved in the regulated electric, gas, and steam utility businesses. The O&R segment covers regulated electric and gas utility delivery businesses. The Con Edison Clean Energy Businesses segment develops, owns, and operates renewable and energy infrastructure projects and provides energy-related products and services to wholesale and retail customers. The Con Edison Transmission segment invests in electric and gas transmission projects. The company was founded in 1823 and is headquartered in New York, NY.Read More Receive ED Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Consolidated Edison and its competitors with MarketBeat's FREE daily newsletter. Email Address ED Stock News HeadlinesJune 7, 2023 | msn.comJP Morgan Maintains Consolidated Edison (ED) Prior RecommendationJune 6, 2023 | thestreet.comConsolidated Edison Stock To Go Ex-dividend Tomorrow (ED)June 7, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Software" to Revolutionize WarfareThis breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>June 5, 2023 | finance.yahoo.comRWEOY vs. ED: Which Stock Is the Better Value Option?June 5, 2023 | finance.yahoo.comFirstEnergy (FE) to Gain From Investments & Regulated OperationMay 31, 2023 | finance.yahoo.comConsolidated Edison, Inc.: Con Ed Working Well With New York Regulators To Promote Clean EnergyMay 30, 2023 | msn.comCon Ed: Truck carrying small crane knocks down several power lines in QueensMay 29, 2023 | finance.yahoo.com4 Utility Stocks to Buy as Recession Fear Grips MarketsJune 7, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Software" to Revolutionize WarfareThis breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>May 25, 2023 | americanbankingnews.comKeyCorp Equities Analysts Decrease Earnings Estimates for Consolidated Edison, Inc. (NYSE:ED)May 25, 2023 | americanbankingnews.comConsolidated Edison, Inc. (NYSE:ED) Receives Average Rating of "Reduce" from AnalystsMay 24, 2023 | americanbankingnews.comQ3 2023 EPS Estimates for Consolidated Edison, Inc. Boosted by KeyCorp (NYSE:ED)May 22, 2023 | finance.yahoo.comAfter a year of 0.8% returns, Consolidated Edison, Inc.'s (NYSE:ED) share price drop last week may have less of an impact on institutional investorsMay 21, 2023 | americanbankingnews.comConsolidated Edison (NYSE:ED) Earns Hold Rating from Analysts at StockNews.comMay 19, 2023 | finance.yahoo.comCon Edison to Attend AGA Financial Conference, May 21 and 22May 19, 2023 | msn.comCon Edison Athlete of the Week: Rye Neck softball's Olivia TobinMay 18, 2023 | tmcnet.comFLO Maintains 99% Uptime at NYC Chargers During First 18 MonthsMay 18, 2023 | benzinga.comConsolidated Edison Director Trades $160K In Company StockMay 18, 2023 | msn.comHow Is The Market Feeling About Consolidated Edison?May 18, 2023 | finance.yahoo.comConsolidated Water (CWCO) Rides on Technology & AcquisitionsMay 15, 2023 | finance.yahoo.comCON EDISON CEO TIM CAWLEY TELLS SHAREHOLDERS FUTURE IS BRIGHT AS COMPANY LEADS ON CLEAN ENERGYMay 13, 2023 | msn.comHi, did anyone get a letter from Con Edison about replacing the natural gas detector they installed a couple years ago?May 10, 2023 | markets.businessinsider.comRBC Capital Sticks to Their Hold Rating for Consolidated Edison (ED)May 10, 2023 | marketwatch.comConsolidated Edison Inc. stock outperforms competitors despite losses on the dayMay 9, 2023 | americanbankingnews.comConsolidated Edison (NYSE:ED) Given New $90.00 Price Target at GuggenheimMay 8, 2023 | msn.comGuggenheim Maintains Consolidated Edison (ED) Neutral RecommendationMay 8, 2023 | marketwatch.comConsolidated Edison Inc. stock falls Monday, underperforms marketSee More Headlines ED Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ED Company Calendar Ex-Dividend for 3/15 Dividend2/14/2023Dividend Payable3/15/2023Last Earnings5/04/2023Ex-Dividend for 6/15 Dividend5/16/2023Today6/07/2023Dividend Payable6/15/2023Next Earnings (Estimated)8/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric & other services combined Sub-IndustryMulti-Utilities SectorUtilities Current SymbolNYSE:ED CUSIP20911510 CIK1047862 Webwww.conedison.com Phone(212) 460-4600Fax212-475-0734Employees14,319Year Founded1823Price Target and Rating Average Stock Price Forecast$90.83 High Stock Price Forecast$104.00 Low Stock Price Forecast$69.00 Forecasted Upside/Downside-2.3%Consensus RatingHold Rating Score (0-4)1.70 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$7.02 Trailing P/E Ratio13.32 Forward P/E Ratio19.25 P/E Growth9.57Net Income$1.66 billion Net Margins15.56% Pretax Margin19.13% Return on Equity8.36% Return on Assets2.65% Debt Debt-to-Equity Ratio0.99 Current Ratio1.20 Quick Ratio1.11 Sales & Book Value Annual Sales$16.01 billion Price / Sales2.02 Cash Flow$10.43 per share Price / Cash Flow8.97 Book Value$58.87 per share Price / Book1.59Miscellaneous Outstanding Shares346,540,000Free Float346,089,000Market Cap$32.42 billion OptionableOptionable Beta0.38 Social Links Key ExecutivesTimothy P. CawleyChairman, President & Chief Executive OfficerRobert N. HoglundChief Financial Officer & Senior Vice PresidentDeneen Lynette DonnleySenior Vice President & General CounselSylvia V. DooleySecretary & Vice PresidentJoseph MillerChief Accounting Officer, VP & ControllerKey CompetitorsPublic Service Enterprise GroupNYSE:PEGWEC Energy GroupNYSE:WECPG&ENYSE:PCGAmerenNYSE:AEECMS EnergyNYSE:CMSView All CompetitorsInsiders & InstitutionsLevel Four Advisory Services LLCBought 2,577 shares on 6/5/2023Ownership: 0.002%EP Wealth Advisors LLCBought 2,468 shares on 6/5/2023Ownership: 0.001%Ontario Teachers Pension Plan BoardBought 22,790 shares on 6/1/2023Ownership: 0.014%Robert SanchezBought 25 shares on 5/31/2023Total: $2,332.50 ($93.30/share)Matthew KetschkeBought 1 shares on 5/31/2023Total: $93.30 ($93.30/share)View All Insider TransactionsView All Institutional Transactions ED Stock - Frequently Asked Questions Should I buy or sell Consolidated Edison stock right now? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last year. There are currently 4 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 2023? 10 brokerages have issued 1 year price objectives for Consolidated Edison's shares. Their ED share price forecasts range from $69.00 to $104.00. On average, they expect the company's share price to reach $90.83 in the next twelve months. This suggests that the stock has a possible downside of 2.8%. 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 2023. Since then, ED shares have decreased by 2.0% and is now trading at $93.42. 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 May. As of May 15th, there was short interest totaling 7,700,000 shares, a drop of 10.4% from the April 30th total of 8,590,000 shares. Based on an average daily trading volume, of 1,880,000 shares, the days-to-cover ratio is currently 4.1 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, August 3rd 2023. View our ED earnings forecast. How were Consolidated Edison's earnings last quarter? Consolidated Edison, Inc. (NYSE:ED) announced its quarterly earnings results on Thursday, May, 4th. The utilities provider reported $1.83 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.21. The utilities provider had revenue of $4.40 billion for the quarter, compared to analysts' expectations of $4.01 billion. Consolidated Edison had a net margin of 15.56% and a trailing twelve-month return on equity of 8.36%. Consolidated Edison's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.47 EPS. How often does Consolidated Edison pay dividends? What is the dividend yield for Consolidated Edison? Consolidated Edison announced a quarterly dividend on Thursday, April 20th. Investors of record on Wednesday, May 17th will be given a dividend of $0.81 per share on Thursday, June 15th. This represents a $3.24 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Tuesday, May 16th. Read our dividend analysis for ED. What ETFs hold Consolidated Edison's stock? 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), Subversive Decarbonization ETF (DKRB), Utilities Select Sector SPDR Fund (XLU), First Trust Utilities AlphaDEX Fund (FXU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), BTD Capital Fund (DIP) and Fidelity MSCI Utilities Index ETF (FUTY). 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 3.53%. 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 46.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ED will have a dividend payout ratio of 62.07% 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 issued an update on its FY23 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of $4.75-4.95 for the period, compared to the consensus EPS estimate of $4.86. 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.82%), State Street Corp (7.50%), Geode Capital Management LLC (2.29%), Envestnet Asset Management Inc. (1.38%), Bank of New York Mellon Corp (0.84%) and Charles Schwab Investment Management Inc. (0.58%). 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 $93.42. How much money does Consolidated Edison make? Consolidated Edison (NYSE:ED) has a market capitalization of $32.37 billion and generates $16.01 billion in revenue each year. The utilities provider earns $1.66 billion in net income (profit) each year or $7.02 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 6/7/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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