Consolidated Edison Stock Forecast, Price & News

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. Since then, ED stock has decreased by 20.4% and is now trading at $68.83.
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14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last year. There are currently 4 sell ratings, 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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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.

Consolidated Edison is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for Consolidated Edison.

Consolidated Edison, Inc. (NYSE:ED) announced its quarterly earnings results on Thursday, November, 5th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.51 by $0.03. The utilities provider had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $3.41 billion. Consolidated Edison had a trailing twelve-month return on equity of 7.77% and a net margin of 11.06%. During the same quarter last year, the business earned $1.54 earnings per share.
View Consolidated Edison's earnings history.

Consolidated Edison announced a quarterly dividend on Thursday, January 21st. Investors of record on Wednesday, February 17th will be given a dividend of $0.775 per share on Monday, March 15th. This represents a $3.10 annualized dividend and a yield of 4.50%. The ex-dividend date of this dividend is Tuesday, February 16th. This is an increase from Consolidated Edison's previous quarterly dividend of $0.77.
View Consolidated Edison's dividend history.

Consolidated Edison pays an annual dividend of $3.06 per share and currently has a dividend yield of 4.43%. 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 45 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Consolidated Edison is 70.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Consolidated Edison will have a dividend payout ratio of 68.61% next year. This indicates that Consolidated Edison will be able to sustain or increase its dividend.
View Consolidated Edison's dividend history.

Consolidated Edison issued an update on its FY 2020 After-Hours earnings guidance on Thursday, January, 21st. The company provided earnings per share (EPS) guidance of 4.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.22.

14 brokerages have issued twelve-month price targets for Consolidated Edison's stock. Their forecasts range from $68.00 to $88.00. On average, they anticipate Consolidated Edison's share price to reach $77.42 in the next twelve months. This suggests a possible upside of 12.5% from the stock's current price.
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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 number of retail and institutional investors. Top institutional shareholders include Gateway Investment Advisers LLC (0.08%), Boston Trust Walden Corp (0.07%), State of Alaska Department of Revenue (0.05%), Gradient Investments LLC (0.04%), Baldwin Brothers Inc. MA (0.03%) and Busey Wealth Management (0.03%). 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, 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 Boston Trust Walden Corp, Kestra Advisory Services LLC, Avantax Advisory Services Inc., Autus Asset Management LLC, State of Alaska Department of Revenue, Candriam Luxembourg S.C.A., City Holding Co., and Pacer Advisors Inc..
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ED stock was purchased by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, Kinloch Capital LLC, Redpoint Investment Management Pty Ltd, Joel Isaacson & Co. LLC, David J Yvars Group, Pendal Group Limited, NuWave Investment Management LLC, and TRH Financial LLC. 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, 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.

One share of ED stock can currently be purchased for approximately $68.83.

Consolidated Edison has a market capitalization of $23.05 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 14,890 workers across the globe.

The official website for Consolidated Edison is www.conedison.com.

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]