Consolidated Edison Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last twelve months. There are currently 5 sell ratings, 8 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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Consolidated Edison saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 7,060,000 shares, a decline of 19.1% from the December 31st total of 8,730,000 shares. Based on an average trading volume of 2,580,000 shares, the days-to-cover ratio is presently 2.7 days.
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Consolidated Edison is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
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Consolidated Edison, Inc. (NYSE:ED) released its quarterly earnings results on Wednesday, February, 17th. The utilities provider reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by $0.01. 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 business posted $0.87 earnings per share.
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Consolidated Edison's stock was trading at $86.50 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ED shares have decreased by 22.4% and is now trading at $67.15.
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Consolidated Edison declared a quarterly dividend on Thursday, January 21st. Stockholders 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 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Tuesday, February 16th. This is an increase from Consolidated Edison's previous quarterly dividend of $0.77.
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Consolidated Edison pays an annual dividend of $3.10 per share and currently has a dividend yield of 4.65%. 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 After-Hours earnings guidance on Thursday, February, 18th. The company provided earnings per share (EPS) guidance of 4.15-4.35 for the period, compared to the Thomson Reuters consensus estimate of $4.36.

14 equities research analysts have issued twelve-month price targets for Consolidated Edison's shares. Their forecasts range from $65.00 to $88.00. On average, they expect Consolidated Edison's share price to reach $76.12 in the next twelve months. This suggests a possible upside of 13.4% from the stock's current price.
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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 retail and institutional investors. Top institutional investors include BlackRock Inc. (11.14%), Lazard Asset Management LLC (1.87%), Northern Trust Corp (1.19%), California Public Employees Retirement System (0.81%), Bank of New York Mellon Corp (0.80%) and Swiss National Bank (0.75%). 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 Renaissance Technologies LLC, Prudential PLC, Assetmark Inc., Boston Trust Walden Corp, Robeco Institutional Asset Management B.V., Payden & Rygel, Lazard Asset Management LLC, and Northern Trust Corp.
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ED stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Caas Capital Management LP, JPMorgan Chase & Co., Morgan Stanley, Assenagon Asset Management S.A., Nuveen Asset Management LLC, Squarepoint Ops LLC, and NN Investment Partners Holdings N.V.. 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.
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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 $67.15.

Consolidated Edison has a market capitalization of $22.99 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.

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]