S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Can Etsy Continue to Thrive After the Pandemic?
'The Sacrifice Zone': Myanmar bears cost of green energy
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Can Etsy Continue to Thrive After the Pandemic?
'The Sacrifice Zone': Myanmar bears cost of green energy
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Can Etsy Continue to Thrive After the Pandemic?
'The Sacrifice Zone': Myanmar bears cost of green energy
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
S&P 500   4,140.06
DOW   32,832.54
QQQ   320.71
How to Use the MarketBeat Dividend Calculator
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing (Ad)
Two Appealing Biotech Stocks for Two Distinct investors
Is Tyson Foods A Buy On Post-Earnings Weakness? 
Pfizer buying spree continues with $5.4B hematology deal
Biden Executive Order 14017 Potentially Sending Lithium Stocks Skyrocketing (Ad)
Nuclear plant in Ukraine is shelled; Rising dangers feared
Can Etsy Continue to Thrive After the Pandemic?
'The Sacrifice Zone': Myanmar bears cost of green energy
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)

Consolidated Edison - ED Stock Forecast, Price & News

$98.50
+1.31 (+1.35%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$97.70
$99.10
50-Day Range
$86.88
$99.27
52-Week Range
$71.52
$101.12
Volume
1.20 million shs
Average Volume
1.69 million shs
Market Capitalization
$34.93 billion
P/E Ratio
21.55
Dividend Yield
3.25%
Price Target
$85.91

Consolidated Edison MarketRank™ Forecast

Analyst Rating
Hold
1.64 Rating Score
Upside/​Downside
13.3% Downside
$85.36 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
0.60mentions of Consolidated Edison in the last 14 days
Based on 19 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.

2.55 out of 5 stars

Utilities Sector

11th out of 87 stocks

Electric & Other Services Combined Industry

1st out of 19 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 Trading Up 1.3 %

NYSE:ED opened at $98.50 on Tuesday. Consolidated Edison has a 52 week low of $71.52 and a 52 week high of $101.12. The firm has a 50 day moving average of $94.07 and a 200 day moving average of $92.27. The company has a quick ratio of 0.82, a current ratio of 0.88 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $34.93 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 10.84 and a beta of 0.25.

Consolidated Edison (NYSE:ED - Get Rating) last posted its earnings results on Thursday, August 4th. The utilities provider reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.09. Consolidated Edison had a net margin of 11.16% and a return on equity of 7.83%. During the same quarter in the previous year, the business earned $0.53 earnings per share. As a group, sell-side analysts anticipate that Consolidated Edison will post 4.49 earnings per share for the current fiscal year.

Consolidated Edison Dividend Announcement

The business also recently declared 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 is Tuesday, August 16th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 3.21%. Consolidated Edison's dividend payout ratio is currently 69.15%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ED. StockNews.com cut shares of Consolidated Edison from a "buy" rating to a "hold" rating in a research report on Tuesday, May 3rd. Wells Fargo & Company cut shares of Consolidated Edison from an "equal weight" rating to a "sell" rating and upped their target price for the company from $85.00 to $94.00 in a research report on Tuesday, May 3rd. KeyCorp increased their price objective on shares of Consolidated Edison from $72.00 to $75.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 19th. Mizuho reduced their price objective on shares of Consolidated Edison from $100.00 to $99.00 and set a "buy" rating on the stock in a research report on Monday, June 27th. Finally, Morgan Stanley increased their price objective on shares of Consolidated Edison from $76.00 to $77.00 and gave the stock an "underweight" rating in a research report on Thursday, July 21st. Five analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $85.36.

Receive ED Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Consolidated Edison and its competitors with MarketBeat's FREE daily newsletter.

ED Stock News Headlines

What 7 Analyst Ratings Have To Say About Consolidated Edison
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
See More Headlines
Receive ED Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Consolidated Edison and its competitors with MarketBeat's FREE daily newsletter.

ED Company Calendar

Ex-Dividend for 6/15 Dividend
5/17/2022
Dividend Payable
6/15/2022
Last Earnings
8/04/2022
Today
8/09/2022
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
$85.36
High Stock Price Forecast
$99.00
Low Stock Price Forecast
$68.00
Forecasted Upside/Downside
-12.8%
Consensus Rating
Hold
Rating Score (0-4)
1.64
Research Coverage
11 Analysts

Profitability

Net Income
$1.35 billion
Pretax Margin
12.11%

Debt

Sales & Book Value

Annual Sales
$13.68 billion
Cash Flow
$10.21 per share
Book Value
$57.55 per share

Miscellaneous

Free Float
354,121,000
Market Cap
$34.93 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 research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last year. There are currently 5 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" ED shares. 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 ED analyst ratings
or view top-rated stocks.

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

11 Wall Street analysts have issued 12-month target prices for Consolidated Edison's stock. Their ED share price forecasts range from $68.00 to $99.00. On average, they predict the company's share price to reach $85.36 in the next year. This suggests that the stock has a possible downside of 13.3%.
View analysts price targets for ED
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 15.4% and is now trading at $98.50.
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 ED earnings forecast
.

How were Consolidated Edison's earnings last quarter?

Consolidated Edison, Inc. (NYSE:ED) issued its quarterly earnings data 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 net margin of 11.16% and a trailing twelve-month return on equity of 7.83%. During the same quarter in the previous year, the company earned $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. Shareholders 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 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Tuesday, August 16th.
Read our dividend analysis for ED
.

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%. The company 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 is 69.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ED will have a dividend payout ratio of 65.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ED.

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 guidance of $4.40-4.60 for the period, compared to the consensus EPS estimate of $4.50.

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

211 employees have rated Consolidated Edison Chief Executive Officer John McAvoy on Glassdoor.com. John McAvoy has an approval rating of 94% among the company'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 investors include ProShare Advisors LLC (0.50%), Sumitomo Mitsui Trust Holdings Inc. (0.42%), Baillie Gifford & Co. (0.27%), Victory Capital Management Inc. (0.24%), State Board of Administration of Florida Retirement System (0.13%) and Welch Group LLC (0.13%). Insiders that own company 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
.

How do I buy shares of Consolidated Edison?

Shares of ED stock 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 $98.50.

How much money does Consolidated Edison make?

Consolidated Edison (NYSE:ED) has a market capitalization of $34.90 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 the company 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 8/9/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.