Consolidated Edison Stock Forecast, Price & News

Consolidated Edison (NYSE:ED) Frequently Asked Questions

Is Consolidated Edison a buy right now?

8 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 2 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.

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

Consolidated Edison's stock was trading at $86.50 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ED stock has decreased by 9.9% and is now trading at $77.94.
View which stocks have been most impacted by COVID-19.

Are investors shorting Consolidated Edison?

Consolidated Edison saw a increase in short interest in October. As of October 29th, there was short interest totaling 8,460,000 shares, an increase of 16.5% from the October 14th total of 7,260,000 shares. Based on an average daily volume of 2,530,000 shares, the days-to-cover ratio is presently 3.3 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, February 17th 2022.
View our earnings forecast for Consolidated Edison.

How were Consolidated Edison's earnings last quarter?

Consolidated Edison, Inc. (NYSE:ED) released its quarterly earnings results on Thursday, November, 4th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.45 by $0.04. The utilities provider earned $3.61 billion during the quarter, compared to analysts' expectations of $3.46 billion. Consolidated Edison had a net margin of 8.81% and a trailing twelve-month return on equity of 7.24%. During the same period last year, the firm earned $1.48 earnings per share.
View Consolidated Edison's earnings history.

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

Consolidated Edison declared a quarterly dividend on Thursday, October 21st. Investors of record on Wednesday, November 17th will be paid a dividend of $0.775 per share on Wednesday, December 15th. This represents a $3.10 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Tuesday, November 16th.
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 3.99%. 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 46 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Consolidated Edison is 92.54%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Consolidated Edison will have a dividend payout ratio of 68.74% 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 updated its FY 2021 earnings guidance on Thursday, December, 2nd. The company provided earnings per share guidance of $4.150-$4.350 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.250. The company issued revenue guidance of -.

What price target have analysts set for ED?

8 brokerages have issued 12 month target prices for Consolidated Edison's stock. Their forecasts range from $65.00 to $77.00. On average, they anticipate Consolidated Edison's stock price to reach $72.57 in the next year. This suggests that the stock has a possible downside of 6.9%.
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?

Some companies that are related to Consolidated Edison include Dominion Energy (D), Sempra Energy (SRE), Public Service Enterprise Group (PEG), PG&E (PCG), WEC Energy Group (WEC), DTE Energy (DTE), Ameren (AEE), CMS Energy (CMS), CenterPoint Energy (CNP), NiSource (NI), MDU Resources Group (MDU), Black Hills (BKH) and Avista (AVA).
View all of ED's 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 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (10.70%), Geode Capital Management LLC (1.89%), Invesco Ltd. (1.31%), Bank of New York Mellon Corp (0.77%), California Public Employees Retirement System (0.75%) and Morgan Stanley (0.59%). 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 major investors are selling Consolidated Edison stock?

ED stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Citadel Advisors LLC, OLD Republic International Corp, Janus Henderson Group PLC, Morgan Stanley, Cubist Systematic Strategies LLC, Teacher Retirement System of Texas, and Capital Fund Management S.A..
View insider buying and selling activity for Consolidated Edison or view top insider-selling stocks.

Which major investors are buying Consolidated Edison stock?

ED stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Goldman Sachs Group Inc., Renaissance Technologies LLC, Geode Capital Management LLC, Royal London Asset Management Ltd., Voloridge Investment Management LLC, Natixis, and Wellington Management Group LLP. 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.
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What is Consolidated Edison's stock price today?

One share of ED stock can currently be purchased for approximately $77.94.

How much money does Consolidated Edison make?

Consolidated Edison has a market capitalization of $27.54 billion and generates $12.25 billion in revenue each year. The utilities provider earns $1.10 billion in net income (profit) each year or $3.35 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, via email at [email protected], or via fax at 212-475-0734.