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China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Critical asset just had biggest fall on record (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Critical asset just had biggest fall on record (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Critical asset just had biggest fall on record (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Critical asset just had biggest fall on record (Ad)
One year after buying a failed bank, New York Community Bancorp is struggling
Dell, NetApp rise; Ginkgo Bioworks, New York Community Bancorp fall, Friday, 3/1/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Friday, 3/1/2024
China pledges to increase opportunities for foreign companies as it seeks to boost its economy
Critical asset just had biggest fall on record (Ad)
Brazil's economy grows 2.9% in Lula's 1st year, beating expectations
A US appeals court ruling could allow mine development on Oak Flat, land sacred to Apaches

Consolidated Edison (ED) Stock Price, News & Analysis

$87.01
-0.20 (-0.23%)
(As of 03/1/2024 ET)
Today's Range
$85.85
$87.11
50-Day Range
$86.19
$94.32
52-Week Range
$80.46
$100.92
Volume
1.51 million shs
Average Volume
1.86 million shs
Market Capitalization
$30.06 billion
P/E Ratio
12.12
Dividend Yield
3.82%
Price Target
$87.89

Consolidated Edison MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.85 Rating Score
Upside/​Downside
1.0% Upside
$87.89 Price Target
Short Interest
Healthy
2.02% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.18
Upright™ Environmental Score
News Sentiment
0.73mentions of Consolidated Edison in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$9,202 Sold Last Quarter
Proj. Earnings Growth
5.27%
From $5.31 to $5.59 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.45 out of 5 stars

Utilities Sector

25th out of 88 stocks

Electric & Other Services Combined Industry

9th out of 18 stocks


ED stock logo

About Consolidated Edison Stock (NYSE:ED)

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 3.7 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 0.2 million customers in southeastern New York. In addition, it operates 545 circuit miles of transmission lines; 15 transmission substations; 63 distribution substations; 90,051 in-service line transformers; 3,788 pole miles of overhead distribution lines; and 2,314 miles of underground distribution lines, as well as 4,363 miles of mains and 380,870 service lines for natural gas distribution. Further, the company 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 Stock Price History

ED Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
UTILITIES: Private Atomic Power
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
International: Personnel: Mar. 2, 1931
Consolidated Edison, Inc.: Con Edison Reports 2023 Earnings
Consolidated Edison 4Q Profit Jumps
Consolidated Edison Sees FY24 Adj. EPS In Line With View
CON EDISON REPORTS 2023 EARNINGS
Consolidated Edison (ED) Tops Q4 Earnings Estimates
CON EDISON REPORTS 2023 EARNINGS
See More Headlines
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Company Calendar

Ex-Dividend for 12/15 Dividend
11/14/2023
Dividend Payable
12/15/2023
Ex-Dividend for 3/15 Dividend
2/13/2024
Last Earnings
2/15/2024
Today
3/01/2024
Dividend Payable
3/15/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
CUSIP
20911510
Employees
14,592
Year Founded
1823

Price Target and Rating

Average Stock Price Target
$87.89
High Stock Price Target
$96.00
Low Stock Price Target
$73.00
Potential Upside/Downside
+1.0%
Consensus Rating
Reduce
Rating Score (0-4)
1.85
Research Coverage
13 Analysts

Profitability

Net Income
$2.52 billion
Pretax Margin
20.48%

Debt

Sales & Book Value

Annual Sales
$14.66 billion
Cash Flow
$11.03 per share
Book Value
$61.24 per share

Miscellaneous

Free Float
345,061,000
Market Cap
$30.06 billion
Optionable
Optionable
Beta
0.37

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Should I Buy Consolidated Edison Stock? ED Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Consolidated Edison was last updated on Thursday, February 22, 2024 at 8:25 PM.

Pros

Here are some ways that investors could benefit from investing in Consolidated Edison, Inc.:

  • Consolidated Edison stock has a current price of $89.32, offering potential value for investors.
  • Stable dividend payments with a 3.72% yield, providing a steady income stream for investors.
  • Strong market capitalization of $30.84 billion, indicating stability and size in the market.
  • Engagement in renewable and energy infrastructure projects, showcasing a commitment to sustainable energy.
  • Operates in regulated electric, gas, and steam delivery businesses, providing a stable and essential service.

Cons

Investors should be bearish about investing in Consolidated Edison, Inc. for these reasons:

  • Low PEG ratio of 8.48, indicating potentially overvalued stock compared to growth prospects.
  • Debt-to-equity ratio of 0.98, suggesting higher financial leverage that may pose risks.
  • Below-average trading volume compared to its average, potentially indicating lower market interest.
  • Relatively low beta of 0.37, implying lower volatility compared to the market.
  • Recent insider selling activity, which could signal lack of confidence in the company's future performance.














ED Stock Analysis - Frequently Asked Questions

Should I buy or sell Consolidated Edison stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last year. There are currently 4 sell ratings, 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" ED shares.
View ED analyst ratings
or view top-rated stocks.

What is Consolidated Edison's stock price target for 2024?

13 brokerages have issued 1-year price objectives for Consolidated Edison's shares. Their ED share price targets range from $73.00 to $96.00. On average, they anticipate the company's share price to reach $87.89 in the next twelve months. This suggests a possible upside of 1.0% 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 2024?

Consolidated Edison's stock was trading at $90.97 at the beginning of the year. Since then, ED stock has decreased by 4.4% and is now trading at $87.01.
View the best growth stocks for 2024 here
.

Are investors shorting Consolidated Edison?

Consolidated Edison saw a increase in short interest in the month of February. As of February 15th, there was short interest totaling 6,990,000 shares, an increase of 7.0% from the January 31st total of 6,530,000 shares. Based on an average daily trading volume, of 1,870,000 shares, the days-to-cover ratio is currently 3.7 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, May 2nd 2024.
View our ED earnings forecast
.

How were Consolidated Edison's earnings last quarter?

Consolidated Edison, Inc. (NYSE:ED) issued its earnings results on Thursday, February, 15th. The utilities provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.02. The utilities provider earned $3.44 billion during the quarter, compared to analyst estimates of $3.70 billion. Consolidated Edison had a net margin of 17.19% and a trailing twelve-month return on equity of 8.41%. Consolidated Edison's revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS.

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

Consolidated Edison announced a quarterly dividend on Thursday, January 18th. Shareholders of record on Wednesday, February 14th will be paid a dividend of $0.83 per share on Friday, March 15th. This represents a $3.32 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Tuesday, February 13th. This is an increase from the stock's previous quarterly dividend of $0.81.
Read our dividend analysis for ED
.

Is Consolidated Edison a good dividend stock?

Consolidated Edison (NYSE:ED) pays an annual dividend of $3.32 per share and currently has a dividend yield of 3.82%. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 46.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ED will have a dividend payout ratio of 59.39% 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 FY24 earnings guidance on Friday, February, 16th. The company provided earnings per share guidance of $5.20-5.40 for the period, compared to the consensus estimate of $5.29.

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).

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 Vanguard Group Inc. (12.12%), Legal & General Group Plc (1.84%), Northern Trust Corp (1.25%), Norges Bank (0.78%), California Public Employees Retirement System (0.62%) and Charles Schwab Investment Management Inc. (0.59%). Insiders that own company stock include Christina Ho, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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
This page (NYSE:ED) was last updated on 3/2/2024 by MarketBeat.com Staff