NYSE:EDConsolidated Edison Stock Price, Forecast & News

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 17.7% and is now trading at $71.21. View which stocks have been most impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last year. There are currently 4 sell ratings, 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Consolidated Edison.

Consolidated Edison is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Consolidated Edison.

Consolidated Edison, Inc. (NYSE:ED) issued its quarterly earnings data on Thursday, May, 7th. The utilities provider reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by $0.08. The utilities provider had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.60 billion. Consolidated Edison had a return on equity of 7.92% and a net margin of 10.53%. During the same quarter last year, the firm earned $1.39 EPS. View Consolidated Edison's earnings history.

Consolidated Edison declared a quarterly dividend on Thursday, April 16th. Shareholders of record on Wednesday, May 13th will be paid a dividend of $0.765 per share on Monday, June 15th. This represents a $3.06 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Tuesday, May 12th. View Consolidated Edison's dividend history.

Consolidated Edison issued an update on its FY 2020 After-Hours earnings guidance on Thursday, May, 7th. The company provided earnings per share guidance of 4.15-4.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.37.

12 brokerages have issued 12 month target prices for Consolidated Edison's stock. Their forecasts range from $64.00 to $92.00. On average, they expect Consolidated Edison's share price to reach $78.64 in the next twelve months. This suggests a possible upside of 10.4% from the stock's current price. View analysts' price targets for Consolidated Edison.

Headlines about ED stock have trended negative on Thursday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Consolidated Edison earned a news sentiment score of -2.1 on InfoTrie's scale. They also assigned media stories about the utilities provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Consolidated Edison.

Some companies that are related to Consolidated Edison include Dominion Energy (D), Sempra Energy (SRE), WEC Energy Group (WEC), Public Service Enterprise Group (PEG), DTE Energy (DTE), Ameren (AEE), CMS Energy (CMS), Alliant Energy (LNT), CenterPoint Energy (CNP), NiSource (NI), PG&E (PCG), Mdu Resources Group (MDU), Black Hills (BKH), NorthWestern (NWE) and Avista (AVA). View all competitors.

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), AbbVie (ABBV), Altria Group (MO), Pfizer (PFE), Cisco Systems (CSCO), Procter & Gamble (PG) and PepsiCo (PEP).

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

Consolidated Edison's stock is owned by many different institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.05%), Envestnet Asset Management Inc. (0.02%), DNB Asset Management AS (0.01%), Symphony Financial Ltd. Co. (0.00%), Municipal Employees Retirement System of Michigan (0.00%) and M&R Capital Management Inc. (0.00%). 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, Saumil P Shukla, 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 State of Alaska Department of Revenue, Envestnet Asset Management Inc., DNB Asset Management AS, M&R Capital Management Inc., and Park National Corp OH. View insider buying and selling activity for Consolidated Edison.

ED stock was acquired by a variety of institutional investors in the last quarter, including Symphony Financial Ltd. Co., Municipal Employees Retirement System of Michigan, and Hudson Valley Investment Advisors Inc. ADV. 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, Saumil P Shukla, Stuart Nachmias, and Timothy Cawley. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of ED stock can currently be purchased for approximately $71.21.

Consolidated Edison has a market capitalization of $23.79 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]