NYSE:ED

Consolidated Edison Stock Forecast, Price & News

$73.66
-0.33 (-0.45 %)
(As of 09/16/2021 12:00 AM ET)
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Today's Range
$73.59
$74.49
50-Day Range
$72.63
$78.25
52-Week Range
$65.56
$83.92
Volume1.94 million shs
Average Volume2.28 million shs
Market Capitalization$26.03 billion
P/E Ratio22.32
Dividend Yield4.19%
Beta0.17
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About Consolidated Edison

Consolidated Edison, Inc. operates as holding company, which through its subsidiaries engages in the business of regulated electric, gas, and steam delivery. It operates through the following segments: Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), Con Edison Clean Energy Businesses, Inc. and Con Edison Transmission, Inc.. The Consolidated Edison Co. of New York segment involves regulated electric, gas, and steam utility businesses. The Orange & Rockland Utilities segment covers regulated electric and gas utility delivery businesses. The Con Edison Clean Energy Businesses, Inc. 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, Inc. segment invests in electric and gas transmission projects. The company was founded in 1823 and is headquartered in New York, NY.

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MarketRank

Overall MarketRank

2.66 out of 5 stars

Utilities Sector

11th out of 122 stocks

Electric & Other Services Combined Industry

1st out of 22 stocks

Analyst Opinion: 0.7Community Rank: 3.1Dividend Strength: 5.0Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -
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Consolidated Edison (NYSE:ED) Frequently Asked Questions

Is Consolidated Edison a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last year. There are currently 6 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" Consolidated Edison stock.
View analyst ratings for Consolidated Edison
or view top-rated stocks.

What stocks does MarketBeat like better than Consolidated Edison?

Wall Street analysts have given Consolidated Edison a "Sell" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Consolidated Edison wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Consolidated Edison?

Consolidated Edison saw a increase in short interest in the month of July. As of July 30th, there was short interest totaling 5,740,000 shares, an increase of 13.9% from the July 15th total of 5,040,000 shares. Based on an average trading volume of 1,990,000 shares, the days-to-cover ratio is currently 2.9 days.
View Consolidated Edison's Short Interest
.

When is Consolidated Edison's next earnings date?

Consolidated Edison is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Consolidated Edison
.

How were Consolidated Edison's earnings last quarter?

Consolidated Edison, Inc. (NYSE:ED) announced its earnings results on Thursday, August, 5th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.09. The utilities provider earned $2.97 billion during the quarter, compared to analysts' expectations of $2.82 billion. Consolidated Edison had a trailing twelve-month return on equity of 7.39% and a net margin of 8.65%.
View Consolidated Edison's earnings history
.

How has Consolidated Edison's stock been impacted by COVID-19 (Coronavirus)?

Consolidated Edison's stock was trading at $86.50 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ED stock has decreased by 14.8% and is now trading at $73.66.
View which stocks have been most impacted by COVID-19
.

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

Consolidated Edison declared a quarterly dividend on Thursday, July 15th. Stockholders of record on Wednesday, August 18th will be given a dividend of $0.775 per share on Wednesday, September 15th. This represents a $3.10 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Tuesday, August 17th.
View Consolidated Edison's dividend history
.

Is Consolidated Edison a good dividend stock?

Consolidated Edison pays an annual dividend of $3.10 per share and currently has a dividend yield of 4.19%. ED has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Consolidated Edison has been increasing its dividend for 47 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Consolidated Edison is 74.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Consolidated Edison will have a dividend payout ratio of 68.43% next year. This indicates that Consolidated Edison will be able to sustain or increase its dividend.
View Consolidated Edison's dividend history.

What guidance has Consolidated Edison issued on next quarter's earnings?

Consolidated Edison issued an update on its FY 2021 earnings guidance on Thursday, September, 2nd. The company provided earnings per share (EPS) guidance of $4.150-$4.350 for the period, compared to the Thomson Reuters consensus estimate of $4.260. The company issued revenue guidance of -.

What price target have analysts set for ED?

9 brokerages have issued 12 month target prices for Consolidated Edison's shares. Their forecasts range from $66.00 to $82.00. On average, they expect Consolidated Edison's share price to reach $75.75 in the next year. This suggests a possible upside of 2.8% from the stock's current price.
View analysts' price targets for Consolidated Edison
or view top-rated stocks among Wall Street analysts.

Who are Consolidated Edison's key executives?

Consolidated Edison's management team includes the following people:
  • Timothy P. Cawley, President, Chief Executive Officer & Director
  • Robert N. Hoglund, Chief Financial Officer & Senior Vice President
  • Deneen Lynette Donnley, Senior Vice President & General Counsel
  • Sylvia V. Dooley, Secretary & Vice President
  • Joseph Miller, Chief Accounting Officer, VP & Controller

What is John McAvoy's approval rating as Consolidated Edison's CEO?

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.

Who are some of Consolidated Edison's key competitors?

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 The 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (10.26%), Vanguard Group Inc. (8.80%), State Street Corp (7.09%), Lazard Asset Management LLC (2.48%), Geode Capital Management LLC (1.80%) and Legal & General Group Plc (1.51%). Company insiders that own Consolidated Edison stock include Deneen L Donnley, Frances Resheske, Gurudatta D Nadkarni, John Mcavoy, La Bastide Lore De, Matthew Ketschke, Robert Muccilo, Robert N Hoglund, Robert Sanchez, Stuart Nachmias and Timothy Cawley.
View institutional ownership trends for Consolidated Edison
.

Which institutional investors are selling Consolidated Edison stock?

ED stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Swiss National Bank, Goldman Sachs Group Inc., Lazard Asset Management LLC, JPMorgan Chase & Co., Invesco Ltd., Prudential PLC, and Westpac Banking Corp.
View insider buying and selling activity for Consolidated Edison
or view top insider-selling stocks.

Which institutional investors are buying Consolidated Edison stock?

ED stock was acquired by a variety of institutional investors in the last quarter, including Zimmer Partners LP, Blackstone Inc, Amundi, Morgan Stanley, Morgan Stanley, Marshall Wace LLP, Marshall Wace LLP, and State Street Corp. Company insiders that have bought Consolidated Edison stock in the last two years include Deneen L Donnley, Frances Resheske, Gurudatta D Nadkarni, John Mcavoy, La Bastide Lore De, Matthew Ketschke, Robert Muccilo, Robert N Hoglund, Robert Sanchez, Stuart Nachmias, and Timothy Cawley.
View insider buying and selling activity for Consolidated Edison
or or view top insider-buying stocks.

How do I buy shares of 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.

What is Consolidated Edison's stock price today?

One share of ED stock can currently be purchased for approximately $73.66.

How much money does Consolidated Edison make?

Consolidated Edison has a market capitalization of $26.03 billion and generates $12.25 billion in revenue each year. The utilities provider earns $1.10 billion in net income (profit) each year or $4.18 on an earnings per share basis.

How many employees does Consolidated Edison have?

Consolidated Edison employs 14,071 workers across the globe.

When was Consolidated Edison founded?

Consolidated Edison was founded in 1823.

What is Consolidated Edison's official website?

The official website for Consolidated Edison is www.conedison.com.

Where are Consolidated Edison's headquarters?

Consolidated Edison is headquartered at 4 IRVING PLACE, NEW YORK NY, 10003.

How can I contact Consolidated Edison?

Consolidated Edison's mailing address is 4 IRVING PLACE, NEW YORK NY, 10003. The utilities provider can be reached via phone at (212) 460-4600 or via email at [email protected]


This page was last updated on 9/16/2021 by MarketBeat.com Staff
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