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Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
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S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
pixel
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
pixel
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
pixel
Demand for grocery delivery cools as food costs rise
Shift in war's front seen as ships cleared to leave Ukraine
Transit woes mount for Boston's beleaguered subway riders
pixel
Dems push Biden climate, health priorities toward Senate OK
Dems' climate, energy, tax bill clears initial Senate hurdle
Shift in war's front seen as grain leaves Ukraine; plant hit
pixel
NYSE:ED

Consolidated Edison - ED Stock Forecast, Price & News

$97.19
-0.24 (-0.25%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$95.42
$97.68
50-Day Range
$86.88
$100.58
52-Week Range
$71.52
$101.12
Volume
1.67 million shs
Average Volume
1.68 million shs
Market Capitalization
$34.43 billion
P/E Ratio
21.27
Dividend Yield
3.25%
Price Target
$85.91

Consolidated Edison MarketRank™ Forecast

Analyst Rating
Hold
1.64 Rating Score
Upside/​Downside
11.6% Downside
$85.91 Price Target
Short Interest
Bearish
2.14% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.90
Upright™ Environmental Score
News Sentiment
0.55mentions of Consolidated Edison in the last 14 days
Based on 16 Articles This Week
Insider Trading
Acquiring Shares
$54,645 Bought Last Quarter
Proj. Earnings Growth
7.57%
From $4.49 to $4.83 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.25 out of 5 stars

Utilities Sector

43rd out of 107 stocks

Electric & Other Services Combined Industry

10th out of 21 stocks

ED stock logo

About Consolidated Edison (NYSE:ED) Stock

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It 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 1,555 customers in parts of Manhattan. The company 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. In addition, it operates 533 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 87,564 in-service line transformers; 3,924 pole miles of overhead distribution lines; and 2,291 miles of underground distribution lines, as well as 4,350 miles of mains and 377,971 service lines for natural gas distribution. Further, the company 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. It primarily sells electricity to industrial, commercial, residential, and government customers. The company was founded in 1823 and is based in New York, New York.

Consolidated Edison Stock Performance

Shares of NYSE:ED opened at $97.19 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.01 and a debt-to-equity ratio of 1.10. The firm's 50-day moving average price is $94.11 and its two-hundred day moving average price is $92.09. Consolidated Edison has a 52-week low of $71.52 and a 52-week high of $101.12. The stock has a market capitalization of $34.43 billion, a P/E ratio of 21.27, a P/E/G ratio of 10.86 and a beta of 0.25.

Consolidated Edison (NYSE:ED - Get Rating) last issued its earnings results on Thursday, August 4th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.09. Consolidated Edison had a net margin of 11.16% and a return on equity of 7.85%. During the same period in the previous year, the company earned $0.53 EPS. As a group, sell-side analysts forecast that Consolidated Edison will post 4.49 earnings per share for the current year.

Consolidated Edison Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 17th will be issued a $0.79 dividend. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $3.16 dividend on an annualized basis and a yield of 3.25%. Consolidated Edison's dividend payout ratio is currently 69.15%.

Wall Street Analyst Weigh In

ED has been the subject of several recent analyst reports. KeyCorp raised their target price on Consolidated Edison from $72.00 to $75.00 and gave the company an "underweight" rating in a research note on Tuesday, July 19th. Credit Suisse Group assumed coverage on Consolidated Edison in a research note on Monday, April 25th. They issued a "neutral" rating and a $100.00 price target for the company. StockNews.com downgraded Consolidated Edison from a "buy" rating to a "hold" rating in a research note on Tuesday, May 3rd. Mizuho decreased their price target on Consolidated Edison from $100.00 to $99.00 and set a "buy" rating for the company in a research note on Monday, June 27th. Finally, Morgan Stanley lifted their price target on Consolidated Edison from $76.00 to $77.00 and gave the stock an "underweight" rating in a research note on Thursday, July 21st. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $85.91.

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ED Stock News Headlines

New York Will Sizzle Today as Power Demand Tests Grid
How Summer Weather Can Strain the U.S. Power Grid
ED September 16th Options Begin Trading
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ED Company Calendar

Ex-Dividend for 6/15 Dividend
5/17/2022
Dividend Payable
6/15/2022
Last Earnings
8/04/2022
Today
8/07/2022
Ex-Dividend for 9/15 Dividend
8/16/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
Sector
Utilities
CUSIP
20911510
Employees
13,871
Year Founded
1823

Price Target and Rating

Average Stock Price Forecast
$85.91
High Stock Price Forecast
$100.00
Low Stock Price Forecast
$68.00
Forecasted Upside/Downside
-11.6%
Consensus Rating
Hold
Rating Score (0-4)
1.64
Research Coverage
11 Analysts

Profitability

Net Income
$1.35 billion
Pretax Margin
11.32%

Debt

Sales & Book Value

Annual Sales
$13.68 billion
Cash Flow
$10.07 per share
Book Value
$57.55 per share

Miscellaneous

Free Float
353,834,000
Market Cap
$34.43 billion
Optionable
Optionable
Beta
0.25

Social Links















ED Stock - Frequently Asked Questions

Should I buy or sell Consolidated Edison stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last twelve months. There are currently 5 sell ratings, 5 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.
View analyst ratings for Consolidated Edison
or view top-rated stocks.

What is Consolidated Edison's stock price forecast for 2022?

11 Wall Street research analysts have issued 12-month price objectives for Consolidated Edison's stock. Their ED stock forecasts range from $68.00 to $100.00. On average, they predict Consolidated Edison's share price to reach $85.91 in the next twelve months. This suggests that the stock has a possible downside of 11.6%.
View analysts' price targets for Consolidated Edison
or view top-rated stocks among Wall Street analysts.

How has Consolidated Edison's stock price performed in 2022?

Consolidated Edison's stock was trading at $85.32 at the beginning of 2022. Since then, ED stock has increased by 13.9% and is now trading at $97.19.
View the best growth stocks for 2022 here
.

When is Consolidated Edison's next earnings date?

Consolidated Edison is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our earnings forecast for Consolidated Edison
.

How were Consolidated Edison's earnings last quarter?

Consolidated Edison, Inc. (NYSE:ED) issued its earnings results on Thursday, August, 4th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.09. Consolidated Edison had a trailing twelve-month return on equity of 7.85% and a net margin of 11.16%. During the same period in the previous year, the business posted $0.53 EPS.

How often does Consolidated Edison pay dividends? What is the dividend yield for Consolidated Edison?

Consolidated Edison declared a quarterly dividend on Thursday, July 21st. Stockholders of record on Wednesday, August 17th will be given a dividend of $0.79 per share on Thursday, September 15th. This represents a $3.16 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Tuesday, August 16th.
View Consolidated Edison's dividend history
.

Is Consolidated Edison a good dividend stock?

Consolidated Edison(NYSE:ED) pays an annual dividend of $3.16 per share and currently has a dividend yield of 3.25%. Consolidated Edison has been increasing its dividend for 48 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Consolidated Edison is 69.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Consolidated Edison will have a dividend payout ratio of 65.42% next year. This indicates that Consolidated Edison will be able to sustain or increase its dividend.
View Consolidated Edison's dividend history.

What guidance has Consolidated Edison issued on next quarter's earnings?

Consolidated Edison updated its FY22 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $4.40-4.60 for the period, compared to the consensus earnings per share estimate of $4.50.

What is John McAvoy's approval rating as Consolidated Edison's CEO?

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.

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), AbbVie (ABBV), Exxon Mobil (XOM), Cisco Systems (CSCO), Pfizer (PFE), Intel (INTC), Altria Group (MO) and Procter & Gamble (PG).

What is Consolidated Edison's stock symbol?

Consolidated Edison trades on the New York Stock Exchange (NYSE) under the ticker symbol "ED."

Who are Consolidated Edison's major shareholders?

Consolidated Edison's stock is owned by a number of retail and institutional investors. Top institutional shareholders include ProShare Advisors LLC (0.50%), Sumitomo Mitsui Trust Holdings Inc. (0.42%), Victory Capital Management Inc. (0.24%), State Board of Administration of Florida Retirement System (0.13%), Welch Group LLC (0.13%) and Los Angeles Capital Management LLC (0.13%). Company insiders that own Consolidated Edison stock include Deneen L Donnley, Deneen L Donnley, Elizabeth D Moore, Frances Resheske, Gurudatta D Nadkarni, Gurudatta D Nadkarni, John Mcavoy, Joseph Miller, La Bastide Lore De, Matthew Ketschke, Nancy Shannon, Robert Muccilo, Robert N Hoglund, Robert Sanchez, Stuart Nachmias, Timothy Cawley and Yukari Saegusa.
View institutional ownership trends 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Consolidated Edison's stock price today?

One share of ED stock can currently be purchased for approximately $97.19.

How much money does Consolidated Edison make?

Consolidated Edison (NYSE:ED) has a market capitalization of $34.43 billion and generates $13.68 billion in revenue each year. The utilities provider earns $1.35 billion in net income (profit) each year or $4.57 on an earnings per share basis.

How many employees does Consolidated Edison have?

Consolidated Edison employs 13,871 workers across the globe.

When was Consolidated Edison founded?

Consolidated Edison was founded in 1823.

How can I contact Consolidated Edison?

Consolidated Edison's mailing address is 4 IRVING PLACE, NEW YORK NY, 10003. The official website for Consolidated Edison is www.conedison.com. The utilities provider can be reached via phone at (212) 460-4600, via email at dl-investorrelations@coned.com, or via fax at 212-475-0734.

This page (NYSE:ED) was last updated on 8/7/2022 by MarketBeat.com Staff

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