NYSE:ED - Consolidated Edison Stock Price, News, & Analysis

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$85.22 +0.83 (+0.98 %)
(As of 03/22/2019 10:54 AM ET)
Previous Close$84.39
Today's Range$84.42 - $85.44
52-Week Range$71.12 - $85.57
Volume303,070 shs
Average Volume2.08 million shs
Market Capitalization$27.36 billion
P/E Ratio19.73
Dividend Yield3.53%
Beta0.12
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.

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Industry, Sector and Symbol

Industry Electric & other services combined
Sub-IndustryMulti-Utilities
SectorUtilities
CUSIP20911510
Phone212-460-4600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$12.34 billion
Cash Flow$9.0950 per share
Book Value$54.06 per share

Profitability

Net Income$1.38 billion

Miscellaneous

Employees15,296
Market Cap$27.36 billion
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 declared a quarterly dividend on Thursday, January 17th. Investors 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 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Tuesday, February 12th. This is a boost 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) posted its quarterly earnings data on Thursday, February, 21st. The utilities provider reported $0.77 earnings per share for the quarter, topping the Zacks' 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 business's revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 earnings per share. View Consolidated Edison's Earnings History.

When is Consolidated Edison's next earnings date?

Consolidated Edison is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Consolidated Edison.

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 equities research analysts have issued twelve-month price targets for Consolidated Edison's stock. Their forecasts range from $32.00 to $85.00. On average, they expect Consolidated Edison's share price to reach $76.5058 in the next year. This suggests that the stock has a possible downside of 10.1%. 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?

Press coverage about ED stock has been trending somewhat positive on Friday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Consolidated Edison earned a daily sentiment score of 0.8 on InfoTrie's scale. They also assigned news stories about the utilities provider a news buzz of 7.0 out of 10, indicating that recent press coverage is likely to have an impact on the stock's share price in the next several days.

Who are some of Consolidated Edison's key competitors?

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), Exxon Mobil (XOM), Procter & Gamble (PG), Cisco Systems (CSCO), Pfizer (PFE), Intel (INTC), General Electric (GE) and AbbVie (ABBV).

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 number of of institutional and retail 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 institutional 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 institutional investors are buying Consolidated Edison stock?

ED stock was purchased 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 $85.07.

How big of a company is Consolidated Edison?

Consolidated Edison has a market capitalization of $27.31 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?

The official website for Consolidated Edison is http://www.conedison.com.

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)

Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  326 (Vote Outperform)
Underperform Votes:  750 (Vote Underperform)
Total Votes:  1,076
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.
This page was last updated on 3/22/2019 by MarketBeat.com Staff

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