Lowest-Rated StocksLowest-RatedNYSE:ED Consolidated Edison (ED) Stock Forecast, Price & News $85.49 -1.14 (-1.32%) (As of 09/28/2023 ET) Add Compare Share Share Today's Range$84.86▼$87.2450-Day Range$85.49▼$97.7152-Week Range$78.10▼$100.92Volume1.98 million shsAverage Volume1.82 million shsMarket Capitalization$29.49 billionP/E Ratio12.30Dividend Yield3.79%Price Target$89.93 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Consolidated Edison MarketRank™ ForecastAnalyst RatingReduce1.75 Rating ScoreUpside/Downside5.2% Upside$89.93 Price TargetShort InterestHealthy1.77% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.18Upright™ Environmental ScoreNews Sentiment0.66Based on 10 Articles This WeekInsider TradingAcquiring Shares$25,746 Bought Last QuarterProj. Earnings Growth7.55%From $4.90 to $5.27 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.2.73 out of 5 starsUtilities Sector29th out of 86 stocksElectric & Other Services Combined Industry6th out of 17 stocks 1.9 Analyst's Opinion Consensus RatingConsolidated Edison has received a consensus rating of Reduce. The company's average rating score is 1.75, and is based on 2 buy ratings, 5 hold ratings, and 5 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $89.93, Consolidated Edison has a forecasted upside of 5.2% from its current price of $85.49.Amount of Analyst CoverageConsolidated Edison has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.77% 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 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Consolidated Edison has recently increased by 2.17%, indicating that investor sentiment is decreasing. Previous Next 5.0 Dividend Strength Dividend LeadershipConsolidated Edison is a leading dividend payer. It pays a dividend yield of 3.69%, 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 46.62%. 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 61.48% 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 3.1 News and Social Media Coverage News SentimentConsolidated Edison has a news sentiment score of 0.66. 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 0.41 average news sentiment score of Utilities companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Consolidated Edison this week, compared to 8 articles on an average week.Search InterestOnly 9 people have searched for ED on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.MarketBeat Follows11 people have added Consolidated Edison to their MarketBeat watchlist in the last 30 days. This is an increase of 120% 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 $25,746.00 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 Institutions64.53% 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 7.55% in the coming year, from $4.90 to $5.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Consolidated Edison is 12.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Consolidated Edison is 12.30, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 86.80.Price to Earnings Growth RatioConsolidated Edison has a PEG Ratio of 8.95. 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 1.45. 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., 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.Read More ED Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ED Stock News HeadlinesSeptember 8, 2023 | marketbeat.com3 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.September 4, 2023 | marketbeat.com3 “Electric” Dividends Set to Soar in ’24 (They’re Cheap Now)September 28, 2023 | Altimetry (Ad)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.September 27, 2023 | marketwatch.comConsolidated Edison Inc. stock underperforms Wednesday when compared to competitorsSeptember 27, 2023 | msn.comCon Edison Sets Out a Green Future for Hell’s Kitchen’s Landmarked Steam Power StationSeptember 26, 2023 | finance.yahoo.comShould You Be Excited About Consolidated Edison, Inc.'s (NYSE:ED) 12% Return On Equity?September 23, 2023 | msn.comCon Edison Athlete of the Week: Lakeland football's Grady LeonardSeptember 23, 2023 | americanbankingnews.comMorgan Stanley Raises Consolidated Edison (NYSE:ED) Price Target to $75.00September 28, 2023 | Altimetry (Ad)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.September 22, 2023 | americanbankingnews.comConsolidated Edison, Inc. (NYSE:ED) Given Consensus Rating of "Reduce" by BrokeragesSeptember 21, 2023 | markets.businessinsider.comWhat 13 Analyst Ratings Have To Say About Consolidated EdisonSeptember 20, 2023 | msn.comGovernor announces start of construction on Astoria converter station for Champlain Hudson Power ExpressSeptember 18, 2023 | finance.yahoo.comCON EDISON TO WEBCAST CLEAN ENERGY FUTURE PRESENTATION ON OCTOBER 3September 12, 2023 | reuters.comNY's Con Edison building 1,500-MW Brooklyn hub to plug into offshore windSeptember 12, 2023 | finance.yahoo.comReturn Trends At Consolidated Edison (NYSE:ED) Aren't AppealingSeptember 10, 2023 | msn.comDowned tree knocks out power for hundreds in the BronxSeptember 7, 2023 | finance.yahoo.comConsolidated Edison (ED): A Balanced Analysis of Its Market ValueSeptember 7, 2023 | msn.comRBC Capital Maintains Consolidated Edison (ED) Sector Perform RecommendationSeptember 6, 2023 | msn.comManhole Catches Fire In Bed-Stuy; Dozens Lose PowerSeptember 5, 2023 | benzinga.comConsolidated Edison's Weather Normalization Eases Steam Business Volatility: AnalystSeptember 3, 2023 | finance.yahoo.comWith 67% ownership of the shares, Consolidated Edison, Inc. (NYSE:ED) is heavily dominated by institutional ownersSeptember 1, 2023 | finance.yahoo.comCon Edison to Attend Barclays CEO Energy-Power Conference, September 7August 24, 2023 | seekingalpha.comConsolidated Edison: A Utility That's Still Expensive For What It OffersAugust 18, 2023 | markets.businessinsider.comJ.P. Morgan Keeps Their Sell Rating on Consolidated Edison (ED)August 17, 2023 | msn.comCon Edison urges low-income New Yorkers to sign up for Energy Affordability ProgramAugust 16, 2023 | msn.comB of A Securities Maintains Consolidated Edison (ED) Buy RecommendationAugust 16, 2023 | marketwatch.comConsolidated Edison Inc. stock rises Wednesday, outperforms marketSee More Headlines 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 Company Calendar Last Earnings8/03/2023Ex-Dividend for 9/15 Dividend8/15/2023Dividend Payable9/15/2023Today9/28/2023Next Earnings (Estimated)11/02/2023Fiscal 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$89.93 High Stock Price Forecast$104.00 Low Stock Price Forecast$75.00 Forecasted Upside/Downside+5.2%Consensus RatingReduce Rating Score (0-4)1.75 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$6.95 Trailing P/E Ratio12.31 Forward P/E Ratio17.45 P/E Growth8.95Net Income$1.66 billion Net Margins15.84% Pretax Margin19.61% Return on Equity8.27% Return on Assets2.64% Debt Debt-to-Equity Ratio0.99 Current Ratio1.02 Quick Ratio0.95 Sales & Book Value Annual Sales$15.67 billion Price / Sales1.88 Cash Flow$10.08 per share Price / Cash Flow8.48 Book Value$58.87 per share Price / Book1.45Miscellaneous Outstanding Shares344,920,000Free Float344,476,000Market Cap$29.50 billion OptionableOptionable Beta0.37 Social Links 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. Timothy P. Cawley (Age 58)Chairman, Pres & CEO Comp: $3.52MMr. Robert N. Hoglund (Age 61)Sr. VP & CFO Comp: $1.96MMs. Deneen Lynette Donnley (Age 58)Sr. VP & Gen. Counsel Comp: $1.42MMr. Robert Sanchez (Age 57)Pres & CEO of Orange and Rockland Utilities, Inc. Comp: $1.22MMr. Matthew Ketschke (Age 51)Pres of Consolidated Edison Company of New York, Inc. Comp: $1.38MMr. Joseph Miller (Age 60)VP, Controller & Chief Accounting Officer Mr. Jan C. ChildressDirector of Investor RelationsMr. Yukari Saegusa (Age 55)VP & Treasurer Sylvia V. DooleyVP & Corp. Sec.Stuart Nachmias (Age 58)Pres & CEO of Con Edison Transmission, Inc. More ExecutivesKey CompetitorsPublic Service Enterprise GroupNYSE:PEGWEC Energy GroupNYSE:WECAmerenNYSE:AEEPG&ENYSE:PCGCMS EnergyNYSE:CMSView All CompetitorsInsiders & InstitutionsBaystate Wealth Management LLCBought 1,765 shares on 9/21/2023Ownership: 0.001%Joseph MillerBought 1 shares on 9/15/2023Total: $92.14 ($92.14/share)CGC Financial Services LLCBought 333 shares on 9/13/2023Ownership: 0.000%ST Germain D J Co. Inc.Bought 1,016 shares on 9/7/2023Ownership: 0.000%Western Wealth Management LLCBought 163 shares on 8/30/2023Ownership: 0.003%View All Insider TransactionsView All Institutional Transactions 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. 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), 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). 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 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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