Consolidated Edison Stock Forecast, Price & News

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

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.
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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.

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.
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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 -.

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.
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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), PG&E (PCG), DTE Energy (DTE), Ameren (AEE), 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 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.

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.
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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.

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 $73.66.

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.

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]