Consolidated Edison - ED Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last twelve months. There are currently 5 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Consolidated Edison stock. 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 analyst ratings for Consolidated Edison or view top-rated stocks.

11 Wall Street research analysts have issued 12-month price objectives for Consolidated Edison's stock. Their ED stock forecasts range from $68.00 to $100.00. On average, they predict Consolidated Edison's share price to reach $85.91 in the next twelve months. This suggests that the stock has a possible downside of 11.6%.
View analysts' price targets for Consolidated Edison or view top-rated stocks among Wall Street analysts.

Consolidated Edison's stock was trading at $85.32 at the beginning of 2022. Since then, ED stock has increased by 13.9% and is now trading at $97.19.
View the best growth stocks for 2022 here.

Consolidated Edison is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our earnings forecast for Consolidated Edison.

Consolidated Edison, Inc. (NYSE:ED) issued its earnings results on Thursday, August, 4th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.09. Consolidated Edison had a trailing twelve-month return on equity of 7.85% and a net margin of 11.16%. During the same period in the previous year, the business posted $0.53 EPS.

Consolidated Edison declared a quarterly dividend on Thursday, July 21st. Stockholders of record on Wednesday, August 17th will be given a dividend of $0.79 per share on Thursday, September 15th. This represents a $3.16 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Tuesday, August 16th.
View Consolidated Edison's dividend history.

Consolidated Edison(NYSE:ED) pays an annual dividend of $3.16 per share and currently has a dividend yield of 3.25%. Consolidated Edison has been increasing its dividend for 48 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Consolidated Edison is 69.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Consolidated Edison will have a dividend payout ratio of 65.42% next year. This indicates that Consolidated Edison will be able to sustain or increase its dividend.
View Consolidated Edison's dividend history.

Consolidated Edison updated its FY22 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $4.40-4.60 for the period, compared to the consensus earnings per share estimate of $4.50.

211 employees have rated Consolidated Edison CEO John McAvoy on Glassdoor.com. John McAvoy has an approval rating of 94% among Consolidated Edison'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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "ED."

Consolidated Edison's stock is owned by a number of retail and institutional investors. Top institutional shareholders include ProShare Advisors LLC (0.50%), Sumitomo Mitsui Trust Holdings Inc. (0.42%), Victory Capital Management Inc. (0.24%), State Board of Administration of Florida Retirement System (0.13%), Welch Group LLC (0.13%) and Los Angeles Capital Management LLC (0.13%). Company insiders that own Consolidated Edison stock include Deneen L Donnley, Deneen L Donnley, Elizabeth D Moore, 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 for Consolidated Edison.

Shares of ED 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.

One share of ED stock can currently be purchased for approximately $97.19.

Consolidated Edison (NYSE:ED) has a market capitalization of $34.43 billion and generates $13.68 billion in revenue each year. The utilities provider earns $1.35 billion in net income (profit) each year or $4.57 on an earnings per share basis.

Consolidated Edison employs 13,871 workers across the globe.

Consolidated Edison was founded in 1823.

Consolidated Edison's mailing address is 4 IRVING PLACE, NEW YORK NY, 10003. The official website for Consolidated Edison 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.