Consolidated Edison Stock Price, News & Analysis (NYSE:ED)

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last twelve months. There are currently 4 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" ED shares.
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12 brokers have issued 12 month target prices for Consolidated Edison's shares. Their ED share price targets range from $73.00 to $103.00. On average, they expect the company's stock price to reach $88.08 in the next year. This suggests that the stock has a possible downside of 3.5%.
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Consolidated Edison's stock was trading at $95.31 at the beginning of 2023. Since then, ED stock has decreased by 4.2% and is now trading at $91.31.
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Consolidated Edison saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 6,910,000 shares, an increase of 20.2% from the October 31st total of 5,750,000 shares. Based on an average daily volume of 2,100,000 shares, the short-interest ratio is currently 3.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
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Consolidated Edison, Inc. (NYSE:ED) posted its quarterly earnings data on Thursday, November, 2nd. The utilities provider reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.58 by $0.04. The utilities provider earned $3.87 billion during the quarter, compared to the consensus estimate of $3.82 billion. Consolidated Edison had a net margin of 15.57% and a trailing twelve-month return on equity of 8.16%.

Consolidated Edison declared a quarterly dividend on Thursday, October 19th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.81 per share on Friday, December 15th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Tuesday, November 14th.
Read our dividend analysis for ED.

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 48.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ED will have a dividend payout ratio of 61.36% next year. This indicates that the company will be able to sustain or increase its dividend.
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 updated its FY23 earnings guidance on Thursday, November, 2nd. The company provided earnings per share (EPS) guidance of $5.00-5.10 for the period, compared to the consensus earnings per share estimate of $4.90.

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's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Legal & General Group Plc (1.80%), Northern Trust Corp (1.30%), Morgan Stanley (1.22%), Invesco Ltd. (0.86%), Bank of New York Mellon Corp (0.77%) 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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