Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company 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 1,622 customers in parts of Manhattan. It 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. The company operates 549 circuit miles of transmission lines; 15 transmission substations; 63 distribution substations; 85,545 in-service line transformers; 3,748 pole miles of overhead distribution lines; and 2,181 miles of underground distribution lines, as well as 4,416 miles of mains and 375,898 service lines for natural gas distribution. In addition, it 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. The company primarily sells electricity to industrial, commercial, residential, and governmental customers. Consolidated Edison, Inc. was founded in 1884 and is based in New York, New York.
Industry, Sector and Symbol
Industry Electric & other services combined
Sub-IndustryMulti-Utilities
SectorUtilities
Phone212-460-4600
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$12.34 billion
Profitability
Miscellaneous
Employees15,296
Next Earnings Date5/2/2019 (Estimated)
OptionableOptionable
Consolidated Edison (NYSE:ED) Frequently Asked Questions
What is Consolidated Edison's stock symbol?
Consolidated Edison trades on the New York Stock Exchange (NYSE) under the ticker symbol "ED."
How often does Consolidated Edison pay dividends? What is the dividend yield for Consolidated Edison?
Consolidated Edison announced a quarterly dividend on Thursday, January 17th. Shareholders of record on Wednesday, February 13th will be paid a dividend of $0.74 per share on Friday, March 15th. This represents a $2.96 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Tuesday, February 12th. This is an increase from Consolidated Edison's previous quarterly dividend of $0.72. View Consolidated Edison's Dividend History.
How were Consolidated Edison's earnings last quarter?
Consolidated Edison, Inc. (NYSE:ED) issued its quarterly earnings results on Thursday, February, 21st. The utilities provider reported $0.77 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.75 by $0.02. The utilities provider earned $2.95 billion during the quarter, compared to the consensus estimate of $2.89 billion. Consolidated Edison had a return on equity of 8.42% and a net margin of 11.20%. The company's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.80 EPS. View Consolidated Edison's Earnings History.
When is Consolidated Edison's next earnings date?
What guidance has Consolidated Edison issued on next quarter's earnings?
Consolidated Edison issued an update on its FY19 earnings guidance on Thursday, February, 21st. The company provided earnings per share guidance of $4.25 to $4.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.28. Consolidated Edison also updated its FY 2019 guidance to $4.25-4.45 EPS.
What price target have analysts set for ED?
13 analysts have issued 12 month price targets for Consolidated Edison's stock. Their forecasts range from $32.00 to $85.00. On average, they anticipate Consolidated Edison's stock price to reach $76.5058 in the next year. This suggests that the stock has a possible downside of 8.7%. View Analyst Price Targets for Consolidated Edison.
What is the consensus analysts' recommendation for Consolidated Edison?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last year. There are currently 6 sell ratings and 7 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Consolidated Edison.
Has Consolidated Edison been receiving favorable news coverage?
Media coverage about ED stock has trended somewhat negative this week, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Consolidated Edison earned a news impact score of -1.1 on InfoTrie's scale. They also assigned news headlines about the utilities provider a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an effect on the stock's share price in the next few days.
Who are some of Consolidated Edison's key competitors?
Some companies that are related to Consolidated Edison include Duke Energy (DUK), Exelon (EXC), Public Service Enterprise Group (PEG), WEC Energy Group (WEC), E.ON SE Sponsored ADR (Germany) (EONGY), Ameren (AEE), CMS Energy (CMS), Alliant Energy (LNT), NiSource (NI), PG&E (PCG), United Utilities Group (UUGRY), SCANA (SCG), ALLETE (ALE), NorthWestern (NWE) and Avista (AVA).
What other stocks do shareholders of Consolidated Edison own?
Who are Consolidated Edison's key executives?
Consolidated Edison's management team includes the folowing people:
- Mr. John J. McAvoy, Chairman, Pres & CEO (Age 58)
- Mr. Robert N. Hoglund, Sr. VP & CFO (Age 57)
- Ms. Elizabeth D. Moore Esq., Sr. VP & Gen. Counsel (Age 64)
- Mr. Robert Muccilo, Chief Accounting Officer, VP & Controller (Age 63)
- Mr. Jan C. Childress, Director of Investor Relations
Who are Consolidated Edison's major shareholders?
Consolidated Edison's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.29%), Geode Capital Management LLC (1.43%), Northern Trust Corp (1.37%), Bank of New York Mellon Corp (1.36%), Legal & General Group Plc (1.20%) and Norges Bank (1.12%). Company insiders that own Consolidated Edison stock include Craig S Ivey, Elizabeth D Moore, Gurudatta D Nadkarni, John Mcavoy, Joseph P Oates, Linda S Sanford, Robert Muccilo, Robert N Hoglund, Robert Sanchez, Saumil P Shukla 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 Teacher Retirement System of Texas, Principal Financial Group Inc., APG Asset Management N.V., Payden & Rygel, Bank of Montreal Can, Bank of Nova Scotia, Martingale Asset Management L P and Squarepoint Ops LLC. View Insider Buying and Selling for Consolidated Edison.
Which major investors are buying Consolidated Edison stock?
ED stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Oregon Public Employees Retirement Fund, Millennium Management LLC, BlackRock Inc., D. E. Shaw & Co. Inc., Zimmer Partners LP, Unigestion Holding SA and Bank of New York Mellon Corp. Company insiders that have bought Consolidated Edison stock in the last two years include Craig S Ivey, Elizabeth D Moore, Gurudatta D Nadkarni, John Mcavoy, Joseph P Oates, Linda S Sanford, Robert Muccilo, Robert N Hoglund, Robert Sanchez, Saumil P Shukla and Timothy Cawley. View Insider Buying and Selling for Consolidated Edison.
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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Consolidated Edison's stock price today?
One share of ED stock can currently be purchased for approximately $83.81.
How big of a company is Consolidated Edison?
Consolidated Edison has a market capitalization of $26.91 billion and generates $12.34 billion in revenue each year. The utilities provider earns $1.38 billion in net income (profit) each year or $4.32 on an earnings per share basis. Consolidated Edison employs 15,296 workers across the globe.
What is Consolidated Edison's official website?
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]
MarketBeat Community Rating for Consolidated Edison (NYSE ED)
MarketBeat's community ratings are surveys of what our community members think about Consolidated Edison and other stocks. Vote "Outperform" if you believe ED will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ED will underperform the S&P 500 over the long term. You may vote once every thirty days.
