Consolidated Edison Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last twelve months. There are currently 6 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" Consolidated Edison stock.
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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.
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Consolidated Edison is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
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Consolidated Edison, Inc. (NYSE:ED) posted its quarterly earnings data on Thursday, May, 6th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.08. The utilities provider had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.45 billion. Consolidated Edison had a net margin of 9.02% and a trailing twelve-month return on equity of 7.64%. During the same quarter in the previous year, the company posted $1.35 EPS.
View Consolidated Edison's earnings history.

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 (WHO). Since then, ED stock has decreased by 13.8% and is now trading at $74.59.
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Consolidated Edison declared a quarterly dividend on Thursday, July 15th. Shareholders 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 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Tuesday, August 17th.
View Consolidated Edison's dividend history.

Consolidated Edison pays an annual dividend of $3.10 per share and currently has a dividend yield of 4.10%. 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 68.28% 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 FY 2021 earnings guidance on Friday, May, 28th. The company provided earnings per share guidance of 4.150-4.350 for the period, compared to the Thomson Reuters consensus estimate of $4.250. The company issued revenue guidance of -.

10 brokerages have issued 12-month target prices for Consolidated Edison's stock. Their forecasts range from $66.00 to $82.00. On average, they anticipate Consolidated Edison's share price to reach $75.00 in the next twelve months. This suggests a possible upside of 0.5% from the stock's current price.
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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.

Some companies that are related to Consolidated Edison include Dominion Energy (D), Sempra Energy (SRE), Public Service Enterprise Group (PEG), WEC Energy Group (WEC), DTE Energy (DTE), Ameren (AEE), PG&E (PCG), CMS Energy (CMS), CenterPoint Energy (CNP), NiSource (NI), MDU Resources Group (MDU), Black Hills (BKH) and Avista (AVA).
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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).

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 institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.07%), CBOE Vest Financial LLC (0.02%), IFM Investors Pty Ltd (0.01%), Oregon Public Employees Retirement Fund (0.01%), New Mexico Educational Retirement Board (0.01%) and Brookstone Capital Management (0.01%). Company insiders that own Consolidated Edison stock include Deneen L Donnley, Elizabeth D Moore, 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.

ED stock was sold by a variety of institutional investors in the last quarter, including TRH Financial LLC, Raymond James Trust N.A., Wealth Alliance Advisory Group LLC, Mcrae Capital Management Inc., Grandfield & Dodd LLC, TCW Group Inc., Gofen & Glossberg LLC IL, and TIAA FSB.
View insider buying and selling activity for Consolidated Edison or view top insider-selling stocks.

ED stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Brookstone Capital Management, Miracle Mile Advisors LLC, CBOE Vest Financial LLC, Wealth Advisory Solutions LLC, IFM Investors Pty Ltd, Insight Folios Inc, and HBW Advisory Services LLC. Company insiders that have bought Consolidated Edison stock in the last two years include Deneen L Donnley, Elizabeth D Moore, 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.

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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One share of ED stock can currently be purchased for approximately $74.59.

Consolidated Edison has a market capitalization of $25.58 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.

Consolidated Edison employs 14,071 workers across the globe.

Consolidated Edison was founded in 1823.

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

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

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]