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S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Stocks Set to Lead the Nasdaq Bull Market
The Day of Financial Reckoning Is Near (Ad)
3 Blowout Earnings Reports That Could Mark Turning Points
Companies facing 1st tax on stock buybacks in Biden bill
Will CrowdStrike Extend Its Streak Of Topping Earnings Views?
Sell every Stock except ONE (Ad)
Home Depot Results Point To Sluggish 2nd Half
Skyworks Solutions Is Worth A Look At These Prices 
Walmart Leads Retail Higher But Will The Group Follow? 
The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Stocks Set to Lead the Nasdaq Bull Market
The Day of Financial Reckoning Is Near (Ad)
3 Blowout Earnings Reports That Could Mark Turning Points
Companies facing 1st tax on stock buybacks in Biden bill
Will CrowdStrike Extend Its Streak Of Topping Earnings Views?
Sell every Stock except ONE (Ad)
Home Depot Results Point To Sluggish 2nd Half
Skyworks Solutions Is Worth A Look At These Prices 
Walmart Leads Retail Higher But Will The Group Follow? 
The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Stocks Set to Lead the Nasdaq Bull Market
The Day of Financial Reckoning Is Near (Ad)
3 Blowout Earnings Reports That Could Mark Turning Points
Companies facing 1st tax on stock buybacks in Biden bill
Will CrowdStrike Extend Its Streak Of Topping Earnings Views?
Sell every Stock except ONE (Ad)
Home Depot Results Point To Sluggish 2nd Half
Skyworks Solutions Is Worth A Look At These Prices 
Walmart Leads Retail Higher But Will The Group Follow? 
The 32-Second Options Trading "Training Video" Retirees Can't Get Enough Of (Ad)

Consolidated Edison - ED Stock Forecast, Price & News

$100.02
+0.52 (+0.52%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$99.17
$100.39
50-Day Range
$86.88
$100.29
52-Week Range
$71.52
$101.12
Volume
1.15 million shs
Average Volume
1.96 million shs
Market Capitalization
$35.47 billion
P/E Ratio
21.89
Dividend Yield
3.15%
Price Target
$85.36

Consolidated Edison MarketRank™ Forecast

Analyst Rating
Hold
1.64 Rating Score
Upside/​Downside
14.7% Downside
$85.36 Price Target
Short Interest
Healthy
2.04% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.90
Upright™ Environmental Score
News Sentiment
0.53mentions of Consolidated Edison in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$54,645 Bought Last Quarter
Proj. Earnings Growth
7.57%
From $4.49 to $4.83 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.59 out of 5 stars

Utilities Sector

17th out of 92 stocks

Electric & Other Services Combined Industry

6th out of 24 stocks

ED stock logo

About Consolidated Edison (NYSE:ED) Stock

Consolidated 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 3.5 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 1,555 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 533 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 87,564 in-service line transformers; 3,924 pole miles of overhead distribution lines; and 2,291 miles of underground distribution lines, as well as 4,350 miles of mains and 377,971 service lines for natural gas distribution. Further, the company owns, operates, and develops 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. The company was founded in 1823 and is based in New York, New York.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ED. Morgan Stanley lifted their target price on Consolidated Edison from $76.00 to $77.00 and gave the company an "underweight" rating in a research report on Thursday, July 21st. Credit Suisse Group lifted their target price on Consolidated Edison from $92.00 to $94.00 and gave the company a "neutral" rating in a research report on Monday, August 8th. Guggenheim raised Consolidated Edison from a "sell" rating to a "neutral" rating and set a $94.00 target price on the stock in a research report on Monday, May 23rd. StockNews.com cut Consolidated Edison from a "buy" rating to a "hold" rating in a research report on Tuesday, May 3rd. Finally, KeyCorp lifted their target price on Consolidated Edison from $72.00 to $75.00 and gave the company an "underweight" rating in a research report on Tuesday, July 19th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $85.36.

Consolidated Edison Stock Performance

ED Stock traded down $0.24 during midday trading on Tuesday, hitting $100.05. The company's stock had a trading volume of 4,129 shares, compared to its average volume of 1,607,581. The stock's 50-day moving average price is $94.13 and its 200 day moving average price is $92.86. The company has a quick ratio of 0.82, a current ratio of 0.88 and a debt-to-equity ratio of 1.08. Consolidated Edison has a 1 year low of $71.52 and a 1 year high of $101.12. The stock has a market cap of $35.48 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 11.05 and a beta of 0.25.

Consolidated Edison (NYSE:ED - Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The utilities provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.09. Consolidated Edison had a return on equity of 7.83% and a net margin of 11.16%. During the same period in the previous year, the company earned $0.53 EPS. On average, equities analysts forecast that Consolidated Edison will post 4.49 EPS for the current year.

Consolidated Edison Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Wednesday, August 17th will be given a dividend of $0.79 per share. The ex-dividend date is Tuesday, August 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.16%. Consolidated Edison's dividend payout ratio is presently 69.15%.

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ED Stock News Headlines

What 7 Analyst Ratings Have To Say About Consolidated Edison
New York Will Sizzle Today as Power Demand Tests Grid
How Summer Weather Can Strain the U.S. Power Grid
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ED Company Calendar

Ex-Dividend for 6/15 Dividend
5/17/2022
Dividend Payable
6/15/2022
Last Earnings
8/04/2022
Today
8/16/2022
Ex-Dividend for 9/15 Dividend
8/16/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
Sector
Utilities
CUSIP
20911510
Employees
13,871
Year Founded
1823

Price Target and Rating

Average Stock Price Forecast
$85.36
High Stock Price Forecast
$99.00
Low Stock Price Forecast
$68.00
Forecasted Upside/Downside
-14.7%
Consensus Rating
Hold
Rating Score (0-4)
1.64
Research Coverage
11 Analysts

Profitability

Net Income
$1.35 billion
Pretax Margin
12.11%

Debt

Sales & Book Value

Annual Sales
$13.68 billion
Cash Flow
$10.16 per share
Book Value
$57.55 per share

Miscellaneous

Free Float
354,121,000
Market Cap
$35.47 billion
Optionable
Optionable
Beta
0.25

Social Links















ED Stock - Frequently Asked Questions

Should I buy or sell Consolidated Edison stock right now?

11 Wall Street equities 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 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ED shares. 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 ED analyst ratings
or view top-rated stocks.

What is Consolidated Edison's stock price forecast for 2022?

11 equities research analysts have issued twelve-month price objectives for Consolidated Edison's shares. Their ED share price forecasts range from $68.00 to $99.00. On average, they predict the company's stock price to reach $85.36 in the next twelve months. This suggests that the stock has a possible downside of 14.7%.
View analysts price targets for ED
or view top-rated stocks among Wall Street analysts.

How have ED shares performed in 2022?

Consolidated Edison's stock was trading at $85.32 at the beginning of the year. Since then, ED stock has increased by 17.2% and is now trading at $100.02.
View the best growth stocks for 2022 here
.

When is Consolidated Edison's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our ED earnings forecast
.

How were Consolidated Edison's earnings last quarter?

Consolidated Edison, Inc. (NYSE:ED) posted its earnings results on Thursday, August, 4th. The utilities provider reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.09. Consolidated Edison had a trailing twelve-month return on equity of 7.83% and a net margin of 11.16%. During the same period in the prior year, the firm earned $0.53 earnings per share.

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

Consolidated Edison announced 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 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Tuesday, August 16th.
Read our dividend analysis for ED
.

Is Consolidated Edison a good dividend stock?

Consolidated Edison (NYSE:ED) pays an annual dividend of $3.16 per share and currently has a dividend yield of 3.15%. The company 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 is 69.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ED will have a dividend payout ratio of 65.42% 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 issued an update on its FY 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share (EPS) guidance of $4.40-$4.60 for the period, compared to the consensus EPS estimate of $4.50. The company issued revenue guidance of -.

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 many different retail and institutional investors. Top institutional shareholders include State Street Corp (7.99%), Lazard Asset Management LLC (1.94%), Northern Trust Corp (1.16%), UBS Asset Management Americas Inc. (1.07%), California Public Employees Retirement System (0.73%) and ProShare Advisors LLC (0.50%). Insiders that own company 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
.

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 $100.02.

How much money does Consolidated Edison make?

Consolidated Edison (NYSE:ED) has a market capitalization of $35.47 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.

How many employees does Consolidated Edison have?

The company employs 13,871 workers across the globe.

When was Consolidated Edison founded?

Consolidated Edison was founded in 1823.

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 8/17/2022 by MarketBeat.com Staff

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