Consolidated Edison Stock Forecast, Price & News

12 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, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Consolidated Edison stock. 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.
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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) announced its quarterly earnings data on Thursday, May, 6th. The utilities provider reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.08. Consolidated Edison had a net margin of 11.06% and a trailing twelve-month return on equity of 7.77%. During the same period in the previous year, the company earned $1.35 earnings per share.
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Consolidated Edison's stock was trading at $86.50 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ED stock has decreased by 9.7% and is now trading at $78.09.
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Consolidated Edison declared a quarterly dividend on Thursday, April 15th. Investors of record on Wednesday, May 19th will be given a dividend of $0.775 per share on Tuesday, June 15th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date is Tuesday, May 18th.
View Consolidated Edison's dividend history.

Consolidated Edison pays an annual dividend of $3.10 per share and currently has a dividend yield of 3.98%. 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 70.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Consolidated Edison will have a dividend payout ratio of 69.51% next year. This indicates that Consolidated Edison will be able to sustain or increase its dividend.
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Consolidated Edison updated its FY 2021 earnings guidance on Friday, May, 7th. The company provided EPS 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 -.

12 Wall Street analysts have issued 1 year price objectives for Consolidated Edison's shares. Their forecasts range from $68.00 to $83.00. On average, they expect Consolidated Edison's stock price to reach $76.36 in the next year. This suggests that the stock has a possible downside of 2.2%.
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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), PG&E (PCG), 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.65%), Swiss National Bank (0.74%), Sumitomo Mitsui Trust Holdings Inc. (0.40%), Baillie Gifford & Co. (0.22%), Rhumbline Advisers (0.16%) and Victory Capital Management Inc. (0.14%). Company insiders that own Consolidated Edison stock include Deneen L Donnley, Elizabeth D Moore, Frances Resheske, Gurudatta D Nadkarni, John Mcavoy, Joseph P Oates, 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., Robeco Institutional Asset Management B.V., NN Investment Partners Holdings N.V., Assenagon Asset Management S.A., Zurcher Kantonalbank Zurich Cantonalbank , Sumitomo Mitsui Trust Holdings Inc., Gradient Investments LLC, and Baldwin Brothers Inc. MA.
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ED stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Gateway Investment Advisers LLC, Spearhead Capital Advisors LLC, Pensionfund DSM Netherlands, Standard Life Aberdeen plc, PFG Advisors, PGGM Investments, and Pensionfund Sabic. 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, Joseph P Oates, 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 $78.09.

Consolidated Edison has a market capitalization of $26.76 billion and generates $12.57 billion in revenue each year. The utilities provider earns $1.34 billion in net income (profit) each year or $4.37 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]